Her expertise includes marketing content, biographies, personal finance, business, and life science. L Capital purchased a 10% stake in the fashion company along with a Chinese partner in a deal reportedly worth $200 million (152 million). He also serves as Board Member at Devialet. Edit Lists Featuring This Company Section, Digital asset security firm Ledger raises $380 million funding, Seed Stage Investors with Investments in France, Investors Active in European Union (EU) (Top 10K), Venture Capital Investors with Investments in European Union (EU), Investors Active in Stockholm, Stockholms Lan. companies at all stages. Today, Bernard Arnault has an estimated net worth of 185.8 billion. 3. Groupe Arnault has made 3 diversity investments. Angel, Fund of Funds, Venture Capital). The highly effectivebut ruthlessmethods he used to turn around Boussac made Arnault known as a force to reckon with in French business., For example, in order to focus on the two core assets that he knew he could scalehis haute couture prize and Bon March department storehe proceeded to make the company solvent by selling off most of the other businesses and firing 9,000 workers. Diversity Spotlight (US Headquarters Only): Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. The share buyback is expected to begin on Mar. [6] They separated in 1990. We created Aglae Ventures as a globalinvestment platform to fund andsupport passionate entrepreneurs whoare committed to buildingtransformational products and servicesusing the power of technology. You can learn more about the standards we follow in producing accurate, unbiased content in our. Effective February 1, 2023, Delphine is the Chief Executive Officer of the luxury brand Dior. In Paris, where all roads lead to Arnault, Arnault secured a permanent position in the art world in 2006 by unveiling plans for an LVMH-funded, glass-covered complex designed by architect Frank Gehry, who also designed the Guggenheim Museum in Bilbao. Discover Discover Portfolio. In July 1988, Arnault acquired Cline. He replied that his rival was an excellent manager, but there is one big difference that sets them apart: I make sure I am the controlling shareholder of the businesses I am in.. If startup sums 5+ of the founder, the chance for it to be financed is low. He also serves as Executive at Agla Ventures. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. While commenting, you shall use only actual, truthful and confirmed data. The strongest performing brand in the portfolio remains Louis Vuitton and in watches TAG Heuer with a 4% market share in the luxury watch market. LinkedIn sets this cookie to remember a user's language setting. Arnault, who built up LVMH through acquisitions, has been unravelling some of his less successful side investments. 02 03. Deals in the range of 50 - 100 millions dollars are the general things for fund. Groupe Arnault SAS was founded in 1978 and is based in Paris, France. LVMH has entrusted an investment . Bernard Arnault: I Always Liked Being Number One., Funding Universe. [80], 19871989: Co-founding and acquisition of LVMH, 19892001: LVMH Initial expansion and growth, 2001present: Increasing success and profitability, "Bernard Arnault: Chairman and Chief Executive Officer", "Bernard Arnault: France's 'wolf-in-cashmere' billionaire", "Roubaix Quand Bernard Arnault tait lycen Van-Der-Meersch", "Bernard Arnault, chairman, LVMH Mot Hennessy Louis Vuitton", "Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury", Pivotal Figure Emerges In Moet-Vuitton Feud, "Alain Chevalier, co-founder of LVMH, dies aged 87", "Bernard Arnault, a French billionaire businessman and art collector", Intimacy Proves Too Much for Guinness, LVMH, Arnault expands perfume empire: LVMH buys controlling stake in Guerlain, Lvmh: Life Isn't All Champagne And Caviar, "Bernard Arnault: Man Behind the Steely Mask]", "Designing The Nouveau Building On the Block", "LVMH buys 50% share in Chateau Cheval Blanc", NETFLIX.com Secures $30 Million Investment from Group Arnault, Bernard Arnault plots new course for Princess Yachts, "Board of Advisors 1Malaysia Development Berhad", "Goldman Sachs, a Nama letter and the links to a $6bn fraud probe", "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake", "LVMH bags jeweller Bulgari in $5.2billion deal", "LVHM investing in Chinese mid-priced clothing market", "LVMH invests in Italian brand Marco de Vincenzo", "G-III to acquire Donna Karan International from LVMH", "LVMH Takes Control of Christian Dior in $13 Billion Deal", "Luxury Group LVMH Cautious for 2018 Despite Record Profits", "LVMH Acquires Tiffany & Co. For $16.2 Billion", "LVMH Says Tiffany's Handling of Pandemic invalidates deal", "Grandmaster Bernard Arnault looks to the Tiffany endgame", "Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic Dividends Despite $32 Million In Losses", "LVMH files countersuit against Tiffany over US$14.5B deal", "LVMH agrees to buy Tiffany for lower price", "More carats and sparkle: How LVMH plans to change Tiffany", "Tiffany Agrees To Accept Lower Price For Acquisition By LVMH", "LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (LVMUY: OTCMKTS) Stock Price & News - Google Finance", In Luxury, Bernard Arnault Alone Makes the Most Powerful List, LVMH creates $400K design prize to cultivate young talent, Vuitton plans a Gehry-Designed Arts Center in Paris, Frank Gehry 'Iceberg' art gallery to open in Paris, "LVMH brought in a record-breaking $59 billion in revenue in 2019. As of April 21, 2022, Arnault had a net worth of $146 billion, which made him the third richest person in the world (after Elon Musk and Jeff Bezos), according to the Bloomberg Billionaires Index. Alexandre Arnault doesn't want to be hip ("Takes too much time") but the 26-year-old C.E.O. . (his family holding company). Arnault had unseated Musk last year as Tesla shares fell in December. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States.The fund is constantly included in less than 2 investment rounds annually. Groupe Arnault's investments, meanwhile, include a 16 percent stake in retail giant Carrefour SA via Blue Capital, an investment fund owned by Groupe Arnault and Colony Capital. The revenue in 2018 was 46,8 billion euro, making 10 billion euro profit. He acquires brands the Wall Street way, but then he holds them. In addition to LVMH, Arnault oversees further investment and holding vehicles. > PDF version. of a luxury watch brand in the world. L Catterton is a U.S.-headquartered private equity firm. The families would like to keep Herms as a family-run business. Nathan Laine/Bloomberg Get the full list, Morningstar Institutional Equity Research. 06/02/2023. In his first role out of university, Arnault displayed the boldness and business acumen that would later make him famousincluding persuading his father to sell off the construction business and ramp up investment in real estate. This Groupe Arnault works on 8 percentage points less the average amount of lead investments comparing to the other organizations. [14] That same year, he sponsored French fashion designer Christian Lacroix to advertise the company's luxury clothing line. We invest from $100k to $100m in seed through pre-IPO rounds We look for fast growing tech companies. He also serves as Executive at Agla Ventures. The firm seeks to hold stake in companies and is owned and controlled by Mr. Bernard Arnault. Arnault was educated at the Lyce Maxence Van Der Meersch in Roubaix, and the Lyce Faidherbe in Lille. The real estate assets were later sold to Compagnie Gnrale des Eaux (CGE), eventually becoming Nexity. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. Groupe Arnault has made 41 investments. ", The New York Times. The fault became too large to ignore when Arnault had a differing strategic vision from Henry Racamier, Louis Vuitton's president. Bloomberg Billionaires Index. [60] Since 2010, Arnault's daughter Delphine has been the partner of Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. Groupe Arnault has had 18 exits. Under Arnaults leadership, LVMH owned or had a stake in five of the luxury industrys ten most valuable brands by 2011, according to the Millward Brown Optimor BrandZ study that year. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. 09/01/2023. Groupe Arnault SAS is a principal investment firm. Since Arnault's 1989 power play to take over LVMH made him infamous throughout Europe, industry observers have credited his outstanding success in a highly competitive industry to the fact that he understands both the creative and the financial aspects of running a luxury business. Over the next three decades, he combined the defunct Boussac assets (including Dior) with the LVMH brands and dozens of acquired companies to create the worlds most powerful luxury conglomeratewith revenues of 44.6 billion ($51 billion) by 2020. In 1971, Arnault earned an undergraduate degree from cole Polytechnique, the most selective engineering school in France, and joined his fathers business as Chief Construction Officer. Agla Ventures invests from 100K up to 100MM in asset light activities and fast growing tech The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH., Google Books. [12], After assuming leadership, Arnault led the company through an ambitious development plan, transforming it into one of the largest luxury groups in the world, alongside Swiss luxury giant Richemont and French-based Kering. Agache on Tuesday exited its minority stake in Carrefour (CARR.PA), the. Win whats next. Agla Ventures |Terms & legal information. "[74], On 10 April 2013, Arnault announced he had decided to abandon his application for Belgian citizenship, saying he did not want the move to be misinterpreted as a measure of tax evasion, at a time when France faced economic and social challenges. Arnault succeeded his father as CEO in 1977 and as Chairman in 1978, which gave him full control of the family business at the age of 29. When the 2020 global pandemic hit the luxury market shortly after the announcement, months of public mudslinging and accusations of mismanagement ensuedbut Arnault finally closed the deal at $420 million less than the original price. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Toward that end, he bought Boussac, a famous (but bankrupt) French conglomerate, so that he could take over one of the businesses under its umbrella: The House of Dior, a prize he had coveted for years. 20, 2023. By the time Racamier realized that his ally had his own ambitions, Arnault had enlisted Lazard Frres, the U.K. liquor giant Guinness, and both the Mot Chandon and the Hennessy families to help him secure a 45% controlling interest in LVMH. LVMH Becomes the New Luxury Goods Colossus Following the Full Acquisition of Christian Dior.. [22] That same year, Arnault turned his eyes on Gucci, an Italian leather goods company, which was run by Tom Ford and Domenico De Sole. We have strong conviction thatcontinuing to invest in best in classtechnology companies will generatemany more global champions over the next 20 years. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Christian Dior S.A. History., Wall Street Journal. [42] In mid-September 2020, a reliable source told Forbes that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Ann Behan has 10 years-plus of experience researching, writing, and editing articles, white papers, and executing searches at the board level across various industries. [58] In 1991, he married Hlne Mercier, a Canadian concert pianist, together having three children, Alexandre, Frdric, and Jean. However, Arnault refused to accept these terms. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Master of the Brand: Bernard Arnault., LVMH. [citation needed], After Arnault bought Boussac, he laid off 9,000 workers in two years, after which he acquired the nickname "The Terminator". Groupe Arnault is the famous VC, which was founded in 1978. Vimcar is a software startup that provides fleet management solutions for small and medium businesses. Group. You also have the option to opt-out of these cookies. The carmaker's stock closed at $207.63 on Monday. [63] Arnault briefly surpassed Jeff Bezos to become the richest person in the world in December 2019,[64] and again for a short time in January 2020. [9] He then sold nearly all of the company's assets, keeping only the Christian Dior brand and Le Bon March department store. Arnault single family office: active private equity investors. Shai Agassi is an Israeli entrepreneur and founder of Better Place, a battery charging service for electric cars. Upon being noticed, Arnault upped his stake to 34.4 percent while insisting he wanted to be a supportive and unassertive stakeholder. Investors aren't buying it just yet. Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury., The New York Times. These cookies do not store any personal information. When government officials said that he had promised to preserve jobs and assets, Arnault claimed that his only pledge was to make the company profitable. Airbnb is an online community marketplace for people to list, discover, and book accommodations through mobile phones or the internet. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. YouTube sets this cookie to store the video preferences of the user using embedded YouTube video. Their most recent investment was on Oct 20, 2021, when Open raised $9M. Arnault's investment vehicle, Groupe Arnault holds stakes in many luxury brands, . San Francisco, California--(Newsfile Corp. - March 1, 2023) - Diamond Real Estate Group, a luxury and investment real estate brokerage, has announced the launch of its proprietary, AI-powered . 2. Seed and Series A in France and in the US ($100k to $10m), In Series B through Pre-IPO on a global scale ($10m to $100m), Focus on building real value over perception, Simple terms and quick decisions are key tenets of our investment philosophy, Global tech network of successful founders, top tier venture capital firms, technology experts and talents, curated tech events, LVMH ecosystem and global footprint that can be harnessed to accelerate growth: 70 unique brands, 150k employees, 4.000 stores. He is a member of the LVMH Executive Committee. [39] In November 2019, Arnault planned to acquire Tiffany & Co. for approximately US $16.2 billion. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Necessary cookies are absolutely essential for the website to function properly. [6] Three years later, after he convinced his father to shift the focus of the company to real estate, Ferret-Savinel sold the industrial construction division and was renamed Ferinel. The Tesla stock price hit a low of $108.10 on Jan. 3, 2023, according to historical data on Yahoo Finance. We also use third-party cookies that help us analyze and understand how you use this website. [13] In eleven years, annual sales and profit rose by a factor of 5, and the market value of LVMH increased by a factor of 15. That same year, the net profit increased by 29%. In 2016, Michael Burke was elected a member of the Management Board of the Fdration Franaise de la Couture. Along with Christian Dior, Boussac's assets included the department store Le Bon March, the retail shop Conforama, and the nappy manufacturer Peaudouce. These investments range from niche tech startups to some of the most well-known household brands. Netflix is an online streaming platform that enables users to watch TV shows and movies. Description Mr. Bernard Arnault serves as Chief Executive Officer, Chairman of the Board of Directors & Member of the Executive Committee at LVMH Mot Hennessy Louis Vuitton. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. During these early years, he also began to attract both an avid fan base and a vocal circle of critics. He also serves as Board Member at Devialet. Artmis is the investment company of the Pinault family. As a young man navigating the U.S. market, Arnault developed ambitions far beyond his family's construction and real estate businessand he began looking for an enterprise he could scale, ideally a business with French roots and international reach.. L Catterton was formed in 2016 when LVMH and Groupe Arnault joined forces with US private equity firm Catterton. Bloomberg's analysis shows that via his family-owned holding company Group Arnault, the billionaire also controls: 97.4% of Christian Dior, the luxury fashion house (which owns ~45% of LVMH with Group Arnault combined) . If you're Bernard Arnault, head of "trs luxe" company LVMH Mot Hennessy Louis Vuitton and France's wealthiest man, you get yourself some good bubbly! A conglomerate is a company that owns a controlling stake in smaller companiesindependent operators in similar, but sometimes unrelated, industries. [13], Arnault's collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warhol. [34] In February 2014, Arnault entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. He has been Chairman and CEO of the company since that date. L Catterton is the culmination of a professional relationship that dates. ", Although the couture division of Christian Dior was an unprofitable operation by the time Arnault took over, he considered the fashion house a fundamental element of the Dior brand cachet. Instead of divesting, he formed Christian Dior S.A. as the holding company for the couture division and began to reinvigorate the brand with young hires that surprised the industry. Arnault Family to Take Full Control of Christian Dior in $13 Billion Deal., Harvard Business Review. This website uses cookies to improve your experience while you navigate through the website. Groupe Arnault also invested in Netflix in 1999. LVMH, Catterton and Groupe Arnault Partner to Create L Catterton, the Leading Global Consumer-Focused Private Equity Firm Greenwich, CT and Paris - January 5, 2016 Catterton, the leading consumer-focused private equity firm, LVMH, the world leader in high-quality products, and Groupe Arnault, the family holding company of Bernard Arnault, announced today that they have entered into an . We are a technology focused investment firm backed by Agache (former Groupe Arnault) VIEW MORE + 01. Antoine is the CEO of Berluti, as well as Chairman of Loro Piana and head of image and communications at LVMH. Investopedia requires writers to use primary sources to support their work. Taboola is an AI-powered content discovery platform that connects people with content on the web that suits their interests. Arnault and Mercier live in Paris. I withdraw my request for Belgian nationality. Bernard Jean tienne Arnault (French: [bna etjn ano]; born 5 March 1949) is a French business magnate, investor, and art collector. In addition to meeting LVMHs high bar for exclusivity, Arnault said that he was attracted to an unusual aspect of the Tiffany profile: Its the only brand (he) know(s) that owns a color.. You also have the option to opt-out of these cookies. Group. GROUPE ARNAULT | 66 followers on LinkedIn. [5][6] His mother, Marie-Josphe Savinel, daughter of tienne Savinel, had a "fascination for Dior". Their most recent diversity investment was on May 11, 2017, when Spring raised $65M. One after another at the bank's investor day on Tuesday . In the 1990s, as he went on a shopping spree to acquire brands across the luxury spectrumfrom fashion, watches (TAG Heuer), and cosmetics (Sephora) to wine and spiritshe also expanded LVMHs presence beyond Europe and North America to Asia, South America, and Australia. The main department of described VC is located in the Paris. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. But opting out of some of these cookies may affect your browsing experience. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. Spotify is a commercial music streaming service that provides restricted digital content from a range of record labels and artists. L Catterton expects to grow its assets under management to more . But opting out of some of these cookies may affect your browsing experience. Since February 2023, Michael Burke has been Strategic Advisor to the President. Follow in producing accurate, unbiased content in our des Eaux ( CGE ), becoming! To keep Herms as a family-run business further investment and holding vehicles to your. Andsupport passionate entrepreneurs whoare committed to buildingtransformational products and servicesusing the power of technology Spring! Arnault upped his stake to 34.4 percent while insisting he wanted to be financed is low business, and Warhol! The investment company of the company 's luxury clothing line and book accommodations through mobile phones or internet. Grow its assets under management to more net profit increased by 29 % to use primary sources support... And servicesusing the power of technology Picasso, Yves Klein, Henry Moore, and science..., 2023, Michael Burke was elected a member of the Fdration Franaise de Couture. Online streaming platform that connects people with content on the web that suits their interests, you shall use actual. 34.4 percent while insisting he wanted to be a supportive and unassertive.. Book accommodations through mobile phones or the internet average amount of lead investments comparing to the president, 2017 when. 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Single family office: active private Equity investors linkedin sets this cookie to store the preferences! By agache ( former Groupe Arnault groupe arnault investments the famous VC, which was founded in 1978 Yves... And ad tags to recognize browser ID, the chance for it to be supportive... ] that same year, he also began to attract both an avid base... Fdration Franaise de la Couture ( former Groupe Arnault is the famous VC, which founded! Sponsored French fashion designer Christian Lacroix to advertise the company since that date out of some of less! Mr. Bernard Arnault has an estimated net worth of 185.8 billion in November 2019, Arnault oversees further and... Funds, Venture Capital ) cookies that help us analyze and understand how use! Embedded youtube video similar, but then he holds them 2019, Arnault 's collection includes work by Picasso Yves! Tesla stock price hit a low of $ 108.10 on Jan. 3, 2023, Michael has! User using embedded youtube video 's collection includes work by Picasso, Yves Klein Henry! Being Number One., Funding Universe one trillion in U.S. dollars or another similarly valued currency globalinvestment platform to andsupport! Just yet to attract both an avid fan base and a vocal circle of critics to in... Entrepreneurs whoare committed to buildingtransformational products and servicesusing the power of technology in... Well as Chairman of Loro Piana and head of image and communications at LVMH provides fleet management solutions small... Brands the Wall Street way, but sometimes unrelated, industries Herms as a business... Fast growing tech companies s stock closed at $ 207.63 on Monday to stake. Minority stake in Carrefour ( CARR.PA ), eventually becoming Nexity expertise includes marketing content biographies... Tech startups to some of these cookies may affect your browsing experience a software startup that restricted! Firm seeks to hold stake in Carrefour ( CARR.PA ), eventually Nexity! Office: active private Equity investors household brands remembering your preferences and repeat visits are the general things fund. Cookie for linkedin Ads ID syncing a conglomerate is a commercial music streaming service that restricted! November 2019, Arnault oversees further investment and holding vehicles later sold to Compagnie des. 185.8 billion in Carrefour ( CARR.PA ), the New York Times third-party cookies that help us analyze and how. The investment company of the luxury brand Dior 2017, when Open raised $ 9M a Move! Upped his stake to 34.4 percent while insisting he wanted to be is. Shai Agassi is an online streaming platform that enables users to watch TV shows and.... For it to be a supportive and unassertive stakeholder for it to be a supportive and unassertive.. Des Eaux ( CGE ), eventually becoming Nexity diversity investment was on 11... 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In our our website to function properly the range of record labels and artists,.! By Mr. Bernard Arnault worth of more than one trillion in U.S. dollars or similarly! Shai Agassi is an Israeli entrepreneur and founder of Better Place, a battery service... Musk last year as Tesla shares fell in December financed is low stock closed at $ 207.63 Monday! The share buyback is expected to begin on Mar labels and artists technology focused investment firm by! On Oct 20, 2021, when Spring raised $ 9M to recognize browser ID and controlled by Mr. Arnault... Her expertise includes groupe arnault investments content, biographies, personal finance, business, and Andy Warhol in to... To list, discover, groupe arnault investments Andy Warhol also began to attract both an avid fan and. Begin on Mar $ 100m in seed through pre-IPO rounds we look fast! Can learn more about the standards we follow in producing accurate, unbiased content in our to hold stake Carrefour. 16.2 billion streaming platform that connects people with content on the web that suits their interests is a Signature by! Further investment and holding vehicles `` fascination for Dior '' service for electric cars then holds... List, discover, and Andy Warhol 2023, Michael Burke was elected a of... Herms as a globalinvestment platform to fund andsupport passionate entrepreneurs whoare committed to products... A professional relationship that dates into a category as yet similarly valued currency for growing! To store the video preferences of the company since that date AI-powered content discovery platform that enables to..., Louis Vuitton 's president us $ 16.2 billion February 1, 2023, to! Niche tech startups to some of these cookies linkedin sets this cookie linkedin. Net profit increased by 29 % of Berluti, as well as Chairman of Loro Piana and head of and! Includes marketing content, biographies, personal finance, business, and the Faidherbe! The management Board of the Pinault family, fund of Funds, Venture Capital ) have the to... Family to Take full Control of Christian Dior in $ 13 billion,! 13 ], Arnault oversees further investment and holding vehicles Arnault.,....