US EditionFashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day
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LVMH's boss has put in place a series of personal holding companies in which the record dividends paid by the luxury giant over the past 12 years are plentiful.
Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day
Two of the world’s most influential figures in the global fashion and luxury industry, Bernard Arnault and Amancio Ortega, saw a combined $4.5 billion wiped from their personal fortunes, as shares in their respective companies, LVMH and Inditex, slid amid ongoing investor caution. Arnault, chairman and CEO of French luxury conglomerate LVMH Moët Hennessy Louis […] The post Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 d…
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