Well not exactly, but close. Bernaud Arnaul, the owner of LVMH Moet Hennessy Louis Vuitton, has caused a stir in France with his plans to take over yet another French newspaper.
Is it too much, or is he just a business-oriented man always looking to further his success?
Bernaud Arnault, the owner of LVMH Moet Hennessy Louis Vuitton S.A. likes a big catch.
He wishes to add the French business newspaper Les Echos, currently owned by Financial Times, to his rich gamut that already includes the most fashionable labels Louis Vuitton, Fendi, Marc Jacobs and Givenchy.
Bernaud also currently owns the daily newspaper Le Tribune, the weekly Investir, monthly Connaissance des Arts, and the Paris based Radio Classique.
Arnault’s business endeavour appears not to have been welcomed by the French press. They immediately reacted with a strike because, with this acquisition, he would automatically become the owner of the two most influential daily newspapers.
The public and media unrest was also caused by the fact that Arnault and the newly elected President of France Nicolas Sarkozy are close friends.
An interesting blend of business, fashion and politics.
P.S. Please consider supporting our small, bag-loving team by clicking our links before shopping or checking out at your favorite online retailers like Amazon, Neiman Marcus, Nordstrom, or any of the listed partners on our shop page. We truly appreciate your support!