A symbol of France, Moet Hennessy Louis Vuitton (LVMH), is expanding its product range through the acquisition of 80% shares of the German luggage maker Rimowa.
Bernard Arnault, the richest man of Europe and one of the five wealthiest persons in the world is preparing his sons to take over the family businesses.
One of his youngest, Alexandre Arnault will now manage Rimowa at the age of 24.
The 67-years-old businessman constantly struggled to teach his children to be responsible. Arnault tested them in numerous times so he could discover their true potential.
41-year-old Delphine Arnault is currently directing and the VP of Louis Vuitton, while her younger brother Antoine Arnault (39) is the CEO and president of Loro Piana Berle.
However, Bernard’s most recent acquisition is one of the most important deals in the last three years, since he bought Loro Piana.
Alexandre is one of the three boys that Bernard has with his second wife, the famous pianist Helene Mercier.
‘Rimowa is a great business that I supported as a loyal customer for many years. The Rimowa luggage revolutionized the industry for over a century, the suitcases being recognized for their unique performance, quality, and design. I am honored to join the company Rimowa and work alongside Dieter. ‘, said the young entrepreneur Alexandre Arnault for lvmh.ro.
Through his gesture, Bernard Arnault proved to be a father who cares for the welfare of his children. He was constantly involved in the process of their development, preparing them for the obstacles they will encounter throughout life.