C O N T E N T 3

BUSINESS
 TIMELINE

1974 1979 1988 1990s Present

1976 1985 1989 2021

1974
After graduating with a degree
in engineering, he began his
professional career that year as
an engineer with the Ferret-
Savinel construction company.

In 1974, Bernard Arnault became

director of development of the
family company.
1976 - 1979
- In 1976, he liquidated the
inefficient business division of the
company and invested in real estate.

- In 1979, Bernard Arnault

succeeded his father as company
president.
1985
- He became the CEO of Dior.
1988
- He invested $1.5
billion in LVMH
through the venture
company Guinness.
1989
- Took control of 43.5%
shares of LVMH and 35%
of voting rights
=> elected to the position of
chairman of the board of
directors.
1990s
Throughout the 1990s, Arnault
amassed an empire of indulgence,
purchasing dozens of luxury-
goods makers; strengthening his
presence in Europe, North
America, and Asia; and
expanding into South America
and Australia
2001
In January 2021, the group completed its $15.8 billion takeover of
iconic US jeweler Tiffany & Co, the luxury industry’s biggest ever
acquisition.
Present
- Over the past three decades, Arnault
has turned LVMH into a luxury goods
powerhouse with 75 labels

- According to Forbes, Bernard is the

3rd richest billionaire in the world
with a fortune of 162 billion USD in
2022.
Present
- Moreover, the LVMH group, earlier
this year lifted the age limit of its
executives.
=> Arnault will stay at the helm of the
group until the age of 80.

=> he intends to stay in power for longer.