Uncommon Article Gives You The Important Points on LVMH That Only Some People Know Occur
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...