All articles tagged with #arnault
Bernard Arnault, France's richest man and CEO of LVMH, strongly opposes a proposed 2% wealth tax on billionaires, criticizing it as harmful to France's economy and attacking its architect, economist Gabriel Zucman, as a far-left ideologue. The tax, targeting assets over 100 million euros, has significant public support and political momentum in France.
German sandal giant Birkenstock plans to raise up to $1.58 billion in its upcoming New York IPO, targeting a valuation of up to $9.2 billion. The company has nominated Alexandre Arnault, son of billionaire LVMH chairman Bernard Arnault, to join its board of directors. The Arnault family office, Financière Agache, has expressed interest in buying up to $325 million worth of Birkenstock shares, while the Norwegian sovereign wealth fund may purchase an additional $300 million worth of stock. Birkenstock is set to begin trading on the New York Stock Exchange next Wednesday.