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Bernard Arnault Plans for LVMH Rebound

Historically, Europe’s richest man has made a career out of investing through downturns when his competitors were too weakened or too skittish to forge ahead. Even though his net worth has dwindled more than $30 billion during the crisis, his luxury conglomerate LVMH is going ahead with much of its spending plans.
Bernard Arnault, chairman of LVMH at his office in Paris | Photo: Magali Delporte
By
  • Bloomberg

PARIS, France —

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