Belgian tax authorities may hand French tycoon Bernard Arnault's file to their Paris counterparts for closer scrutiny of Brussels-based companies linked to his LVMH luxury empire, according to media reports.
According to reports in the Indian press, the investment fund, owned by LVMH and the Groupe Arnault, is in negotiations with two Indian designers and a distributor specialized in designer brands to form a company.
French retailer Carrefour is on the hunt for a new chief executive, according to a source close to the situation, a revelation that could further weaken the position of incumbent Lars Olofsson after a series of profit...
An executive and director at the world's biggest luxury goods maker LVMH was placed under investigation on Thursday in an inquiry into alleged kickbacks paid to politicians from arms sales to Pakistan.
Carrefour SA will meet investors next week to defend a plan to spin off its discount chain amid growing questions over its leadership after the shelving of another proposed spin off and the departure of a key manager.
Carrefour SA fired the executive tasked to revive its core French business and said it was shelving a controversial property listing, fuelling talk of boardroom dissent and worries over its turnaround plan.