Berne pool of broadcasting corporations Arnault is the richest man of France and boss of the world largest luxury company “Louis Vuitton Moët Hennessy” (LVMH). So fast none approaches to it. But before eight years it had to put an harsh defeat in. The French retail trade company Pinault Printemps Redoute (short PPR) bought him the mode house Gucci for seven billion euro before the nose away. A proud price.
Gucci was PPRs first large step toward concentration on the more profitable luxury goods business. Thus PPR stepped into competition to the heavyweighty luxury goods companies such as Carrefour, Galeries Lafayette and evenly LVMH. Senior François Henri Pinault, boss at that time of the exempt private company, was thus no longer only gentleman over long-range distribution channels and department store chains in completely Europe, but could exclusively in his business well-known luxury marks offer.
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