Breaking News         Latest US News              New York News              Fx Tribune

How to Compare Car Insurance Policies?
Alain Chevalier, one of the founders of the world's leading company in luxury products LVMH (Louis Vuitton Moet Hennessy), has passed away at 87 years of age,

Dies Alain Chevalier, one of the founders of the conglomerate of French luxury LVMH

Alain Chevalier, one of the founders of the world's leading company in luxury products LVMH (Louis Vuitton Moet Hennessy), has passed away at 87 years of age,

Dies Alain Chevalier, one of the founders of the conglomerate of French luxury LVMH

Alain Chevalier, one of the founders of the world's leading company in luxury products LVMH (Louis Vuitton Moet Hennessy), has passed away at 87 years of age, announced on Sunday, the Elysee palace, in a press release in which it called Chevalier of "visionary man".

"Put her intelligence and talent at the service of politics and the industry, contributing with his vision and determination, to install to France in first place in the field of luxury goods," said the president of the Republic, without specifying the date of the death of Chevalier.

The businessman, a "foot black of Algeria, remained faithful to the end to the memory of his native land," the statement added.

Trained at the National School of Administration, ENA, nursery of the elite French, Chevalier was first auditor of the Court of Accounts, and he occupied several ministerial positions, before embarking in the private company.

In 1970, he took charge of Moët et Chandon, then main tag of French champagne. Based mergers and acquisitions, grew the group to direct it into the luxury industry.

In 1987, merged with Louis Vuitton to avoid a TAKEOVER bid for its industrial conglomerate. But without the actions within the group, Chevalier was unable to counteract the rise of Bernard Arnault, who gradually became the main shareholder, which resulted in his departure.

The companies of Moët Hennessy and Louis Vuitton, "accumulated some of the most prestigious brands of wines & spirits, fashion, perfumes and cosmetics, they are wonderful ambassadors of elegance, quality and refinement, French," adds the note of the Elysee palace.

The statement notes that Chevalier "was first and foremost a man of culture and freedom, faithful not to a man nor to a party, but to what he believed right and true".

According to the criteria of

Learn more

Publish Date : 06 Kasım 2018 Salı 08:00

Breaking News Headlines

Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tobacco is the leading cause of cancer – Switch to e-cigs to avoid premature death
Tipping in America- What Should You Know as a Traveler?
Tipping in America- What Should You Know as a Traveler?
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
Sepi proposes to the ex-minister Miguel Sebastian as a director of Indra
There are two Spains in the employment
There are two Spains in the employment
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Valerio dodge the shock with the CEOE and downgrade to 7% the rise of the bases maximum contribution
Spain puts an end in the EU in four years of cuts in the quota of hake south
Spain puts an end in the EU in four years of cuts in the quota of hake south
The US Federal Reserve raises interest rates to 2.5%, but cooled expectations for 2019
The US Federal Reserve raises interest rates to 2.5%, but cooled expectations for 2019
Carlos Torres throws a 'dance' of managers in BBVA to promote the transformation of the bank
Carlos Torres throws a 'dance' of managers in BBVA to promote the transformation of the bank
One out of every three temporary contracts signed in the Basque country does not last one week
One out of every three temporary contracts signed in the Basque country does not last one week
Balearic islands, get the worst education in Europe
Balearic islands, get the worst education in Europe
The nine highways rescued will be free for the night and will fall by up to 30% during the rest of the day
The nine highways rescued will be free for the night and will fall by up to 30% during the rest of the day
Mango asks for a syndicated loan of 500 million to refinance its debt until 2023
Mango asks for a syndicated loan of 500 million to refinance its debt until 2023
POLLS Results ALL
Who is the most powerful actor in Syria

Front Pages
  • The Sun
NEWS ARCHIVES