It is because of this strategy that Christian Lacroix could open his own fashion house. The company never achieved the desired success, despite his 150 million euro investment, and he sold it in November 2007 in order to buy a different French economic newspaper Les Échos, for 240 million Euros.These brands were also integrated into the group: Thomas Pink in 1999, Emilio Pucci in 2000 and Fendi, DKNY and La Samaritaine in 2001.Arnault has been married twice, and has a daughter and four sons.
It is an international competition which is open to students from Fine arts schools.
Every year, the winner is awarded with a grant to support the creation of his or her label and with a year of mentorship.
In 1976, he convinced his father to liquidate the construction division of the company for 40 million French francs, and to change the focus of the company to real estate.
Using the name Férinel, the new company developed a specialty in holiday accommodation.
In the 1990s, Arnault decided to develop a centre in New York to manage LVMH's presence in the United States.
He chose Christian de Portzamparc to supervise this project.Nault can't believe others even care about his relationship, showing how little he knows about this celebrity gossip culture.“I am shocked that they’re talking about this, I really am,” Nault said. In 2007, his company Blue Capital, that Arnault owns jointly with the California property firm Colony Capital, acquired 10.69% of France's largest supermarket retailer and the world's second-largest food distributor, Carrefour.The LVMH group created The "Young Fashion Designer" Prize.In November 2016, his wealth was estimated to be US.3 billion.