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But the acquisition of Gucci sparked a practically two-and-a-half-year battle with fellow billionaire Bernard Arnault, CEO of rival luxury conglomerate LVMH, which also owned a stake in the company. At the time, The New York Times labeled the legal war “1 of the most bitter fights in corporate history.” LVMH eventually sold its stake in Gucci to PPR for $2 billion. Pinault began out functioning for his family’s timber organization browse around this website just before eventually entering the retail market. Throughout the current European fair splurge, 1st Frieze in London then the first iteration of Art Basel’s new Paris+...