Celebrity Life

The number of luxury hotels in Paris is constantly increasing. Cheval Blanc Paris is the latest five-star hotel in the French capital and the property of LVMH, also owning residences in St Tropez, Courchevel, St-Barth and Maldives. With the official intention to get a Palace mention (the highest hotel ranking in France, above 5*), this place is very promising. I…

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With an estimated net worth of US$186.3 billion, chairman and CEO of the luxury goods conglomerate Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault joined the centi-billionaires club in May 2021, according to Forbes. The French fashion mogul is one of the richest people in the world and a force to reckon with.

Bernard Arnault net worth & expensive collections -

Luxury purchases portfolio 

He started his journey to the top in the 1980s when he first ventured into fashion with US$15 million from his father’s construction business. He got the rest of US$65 million financed from Lazard to buy the then-parent company of Christian Dior – in 1985. 

Since then, Arnault has been acquiring luxury brands and earned nicknames like "wolf in the cashmere coat" in the French media. In 1987, the conglomerate LVMH came into existence with the merger of Moët & Chandon and Hennessy, the world’s largest champagne and cognac producers, respectively. 

Bernard Arnault then went on to conquer leading European luxury brands, including couture-brand Givenchy (1988), French perfume, makeup and skincare giant Guerlain (1994), French leather luxury goods brand Céline (1996), the Italian jewellery brand Bvlgari (2011), Paris-based couture house Christian Dior (2017), American luxury jewellery and accessory brand Tiffany & Co. (2020) and Italian luxury label Off-White (2021), bringing the total to 75 stellar brands.  

Apart from luxury brands, Bernard Arnault has taken the helm of other pursuits such as hotels, artwork, yachts and culture.

Superyachts

The luxury yacht named Symphony, owned by Arnault, is among the world’s top 100 superyachts and the largest Feadship. Symphony can accommodate 36 passengers and is the first Feadship to cross the 100-metre mark and measures 101.5 metres or about 333 feet. Designed by Tim Heywood Design, Symphony is an eco-friendly yacht featuring six decks, an aluminium structure, has a gross tonnage of near 3,000 GT and a helicopter pad.  

The interior of the yacht, by Zuretti Interior Design, exudes luxury with a jacuzzi, sauna, lounge and dining area to accommodate 20 people. One of the decks includes a private office and study, beach club, cinema, golf area and wellness centre.  

The French yacht enthusiast also owned Amadeus, a superyacht built in 1969, which was given a luxury makeover to host many prominent personalities such as former UK Prime Minister Tony Blair and renowned rockstar Bono. It was later sold in 2015.  

Wines and spirits

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LVMH’s 23 houses strive together to craft high-end cognacs, wines and champagnes around the world. The key brands include Moët & Chandon, Hennessy, Krug and Château d’Yquem. 

Private Island 

Bernard Arnault reportedly owns Indigo Island, a 135-acre private island located in the Bahamas that offers retreats for the affluent at a whopping price of approximately US$300,000 per week. 

Artwork 

Known for his collection of world-class artworks, the French entrepreneur’s extensive collection of contemporary artwork includes paintings by Picasso, Andy Warhol and Henry Moore. His proximity to art and culture can be established by the fact that LVMH has ventured into many artistic pursuits, including the inception of the idea of the Foundation Louis Vuitton in 2001— which opened for the public in 2014.  

According to Bloomberg, Arnault keeps the collection of most famous artists in his Paris house.  

Luxury hotels  

Cheval Blanc and Belmond Hotel are owned by LVMH, which offer extravagance like no other. Cheval Blanc is a luxury hotel with 72 rooms and suites. The hotel also features on-site LV and Dior boutiques for luxury shopping. LVMH has over 46 Belmond hotel properties across 24 countries and counting.  

Saint-Tropez mansion 

Arnault owns a massive chateau-style waterfront mansion in Saint-Tropez, France, featuring multiple bedrooms an outdoor swimming pool, tennis court, movie theatre and separate quarters for staff. 

Private Jets

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Bernard Arnault reportedly splashed US$40 million on his private jet, Dassault Falcon 7X. Previously, he owned a Bombardier Global Express 6000. He also owns an ultra-long-range business jet Bombardier Global 7500 which can accommodate up to 19 passengers. 

(Hero and Featured Image credit: Eric Piermont/AFP)

This story originally appeared on Lifestyle Asia KL.

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The French conglomerate outperformed forecasts that were set for the Group and continues to seize market share.

The post LVMH Achieves Stunning Growth for the First Half of 2021 appeared first on LUXUO.

Old Céline fans, you might want to sit down for this: Phoebe Philo is finally returning to fashion.

According to Business of Fashion, the British designer will be launching her own fashion label with LVMH, the luxury conglomerate that owns brands like Louis Vuitton, Dior and Givenchy.

Philo's upcoming eponymous fashion brand will offer clothing and accessories "rooted in exceptional quality and design". In other words, it will be very much aligned with the design language that she cultivated at Céline, the LVMH-owned French luxury label where she served a successful run as creative director for 10 years before stepping down in 2017 to focus on her family.

At Céline, Philo made her mark with women's clothing that felt intelligent, chic and sexy all at once. She also designed a line of bestselling handbags, such as the Cabas, is that were functional and luxurious — and yet subtle, as far as designer leather goods went, with no obvious branding. (The bags are still being offered at Celine today.)

Philo's distinctively modern and minimalist fashion earned her a group of devoted followers known as Philophiles, and her influence continues to be felt at other fashion brands such as The Row and Peter Do. Most notably, after Philo's departure from Céline, her fashion followers have turned to Bottega Veneta, now helmed by designer Daniel Lee who had previously worked with her as Céline's ready-to-wear director.

[caption id="attachment_1804074" align="aligncenter" width="1600"] (Photo credit: Michel Dufour / WireImage)[/caption]

In 2020, there were rumours that Philo would be making her comeback to the fashion world with her own fashion brand. Philo's eponymous label had been in the works since her exit from Chloé, where she served as creative director from 2001 to 2006 before joining Céline. As of February last year, it was reported that she had been assembling a team of designers for her brand.

This year, the British designer also made a semi-return at the 2021 ANDAM Awards. Philo served as a guest judge for the prestigious French fashion prize, alongside the likes of Lisa of Blackpink and fashion photographer Juergen Teller, who shot a handful of memorable campaigns for Céline during her tenure.

Now, it's clear that Philo is back for good. In a statement to Business of Fashion, the designer said, “Being in my studio and making once again has been both exciting and incredibly fulfilling. I am very much looking forward to being back in touch with my audience and people everywhere. To be independent, to govern and experiment on my own terms is hugely significant to me.”

There is no official launch date for the Phoebe Philo brand yet, but you can expect more details to come in January 2022.

Header photo credit: Bertrand Rindoff Petroff / Getty Images

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Riding the M&A wave, the French luxury group has acquired the cult streetwear label, Off-White.

The post LVMH Now Owns Virgil Abloh’s Off-White appeared first on LUXUO.

The deal has been estimated to cost up to US$296 million.

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