LVMH has no plans to relocate the luxury conglomerate, said Bernard Arnault, its billionaire chief executive officer, after remarks he made critical of France drew a backlash at home.

LVMH named Michael Burke to head its Americas operations, bringing back an old-time fixer to take on some of the biggest ...

(Bloomberg) -- LVMH has no plans to relocate the luxury conglomerate, said Bernard Arnault, its billionaire chief executive officer, after remarks he made critical of France drew a backlash at home.

LVMH Chairman Bernard Arnault said sales at Tiffany & Co. increased in the most recent quarter and the jeweler has become more profitable since it was bought by the luxury French conglomerate.

(Bloomberg) -- Bernard Arnault said a wind of optimism is blowing through the US after Donald Trump’s inauguration as president, in contrast to his native France, where the government is seeking ...

Bernard Arnault is one of the world's richest people, worth $165 billion, per Bloomberg. He controls the French luxury conglomerate LVMH, and his children all have roles in the business.

Bernard Arnault has gone from being the world's richest person to fifth on the Bloomberg rich list. The LVMH CEO's net worth has tanked by $54 billion from its March peak.