Bernard Arnault Drops Out of World’s Top 10 Richest as LVMH Faces Luxury Slowdown
THE WHAT? LVMH Chairman and CEO Bernard Arnault has fallen out of the world’s 10 richest people for the first time in years as weaker luxury demand weighs on the value of his stake in the group. THE DETAILS Arnault’s fortune has fallen by US$65 billion since the beginning of…
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