Billionaire LVMH CEO Bernard Arnault Warns Of ‘World Catastrophe’ If Iran War Is Unresolved

Bernard Arnault Warns Middle East Conflict Could Spell ‘Catastrophe’ for World Economy

Bernard Arnault warned the conflict in the Middle East could spell 'catastrophe' for the world economy this year unless a rapid resolution is found.

Trump’s billionaire pal warns he’s on the path to 'world catastrophe'

Bernard Arnault is one of the richest men in the world and someone President Donald Trump "really looks up to," but he probably will not like what the luxury goods tycoon had to say about his war causing a "world catastrophe," according to a report from The Daily Beast.Arnault is a French businessman serving as the CEO of LVMH, a conglomerate formed by the merger of the famed fashion house Louis Vuitton and high-end alcohol producer Moët Henness…

Billionaire much admired by Trump warns Iran war may set off 'world catastrophe'

A French billionaire much admired by President Donald Trump warned of the Iran war's catastrophic risks to the global economy.LVMH CEO Bernard Arnault warned Thursday that failure to resolve the Middle East conflict could trigger a "world catastrophe" with severe economic consequences, as the Iran war has already halved the luxury giant's first-quarter sales growth, reported CNBC.“The world is now in a pretty serious crisis in the Middle East,” …

3 Key Takeaways From LVMH’s Annual General Meeting

The luxury conglomerate held its annual general meeting on Thursday, discussing the impact of the Middle East, newness at Dior, and succession planning.

Billionaire LVMH CEO Bernard Arnault Warns Of ‘World Catastrophe’ If Iran War Is Unresolved

Luxury brands cited a slowdown in demand throughout the conflict, disrupting earnings.

LVMH CEO Arnault warns of 'world catastrophe' if Middle East conflict is not resolved

Arnault warned of "very serious" economic consequences of the Iran war after the conflict hit the luxury conglomerates first-quarter sales last week.