Bernard Arnault Page 2
Despite the fact that Dior has repeatedly stated they won’t be announcing John Galliano‘s replacement until the fall, the Riccardo Tisci rumor drum beats on — which is why New York Magazine had no choice but to ask him about it during their 54 minute long interview in this week’s issue.
In honor of the launch of our newest sister site, Mogulite, which covers the crazy expensive world of corporate gurus, enterprising celebrities and up-and-coming titans, we’ve put together a list of the most fashionable moguls across all industries — and some of our picks may surprise you. Money may be able to buy you designer brands, but only good taste can give you style.
Replacing John Galliano will be no easy feat, but the people on the hunt for the next Dior couturier aren’t in any big hurry to find someone to fill the beleaguered designer’s awfully large shoes. But there could be something working in favor of one of the names that’s been thrown in the ring: Alexander McQueen‘s Sarah Burton.
This week saw the reemergence of John Galliano, the pervasiveness of Lady Gaga, and the continued dominance of the royal wedding. There were all sorts of bans (tanning! saggy pants! burkas!), a couple of lawsuits, and a contrived J. Crew “controversy”. There were even jean underpants!
LVMH CEO Bernard Arnault is a powerful guy. A really powerful guy. So powerful, in fact, that he hung out with President Obama, Hillary Clinton, and Tony Blair when he made his rounds in DC last week.
In a surprisingly drama-free arrangement, LVMH has taken control of Bulgari and the Bulgari family has become a major stakeholder in LVMH. The whole thing sort of reminds us of an elementary school lunchtime transaction (I’ll trade you my chips for your Oreos!), and we mean that in a good way.
By now you probably know that LVMH is trying to take over Hermès. Despite stating that “LVMH has no intention of launching a tender offer, taking control of Hermès, nor seeking board representation,” Hermès thinks LVMH’s intentions are less than noble. Yeah, they’re pissed. So in a move that said “F off, Bernard!” Hermès invited Salma Hayek to a cocktail party celebrating the opening of its Left Bank megastore. Hayek is, of course, wife to PPR chief (and LVMH rival) François-Henri Pinault.