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Bernard Arnault Page 3 of 4
Ownership certainly applies to kinship. "Our goal for the group is to remain a family company," Arnault declares. Though Delphine and Antoine say they were never pressured to work for their father, they felt included in the business from an early age. When Arnault was wrestling for control of LVMH in 1989, Antoine, then 12, remembers, "He was always explaining to me what was going on." After he took over the group Arnault spent Saturday mornings in Paris, taking his son and daughter to visit LVMHowned shops.
"He always said, 'If you want to work with me, you have to work harder than the others and do well in school,'" recalls Antoine, garrulous and model handsome and, like his father, clad in a Dior suit, matching tie and Berluti loafers. at Insead, Antoine spent two years launching, then selling, an Internet venture and toiled for three months as a sales assistant at the huge Vuitton store on the Champs Elys selling handbags, before taking a management post responsible for 13 stores outside Paris. Delphine also labored in the LVMH retail trenches, as a perfume salesgirl at the Paris Dior boutique. She studied at the London School of Economics and worked at McKinsey before joining her father's company in 2000. (She is married to Alessandro Vallarino Gancia, who runs his own finance company and serves on Dior's board.)printnewslettershareDigg It!FacebookRedditUnsurprisingly, both young Arnaults express reverence for their father. "I think he's a visionary, one of the most visionary of his generation," says Delphine. on a Thursday evening. "I feel very lucky to be part of what he is creating."
Arnault has three other children from his second marriage,[url=http://nikefreetilbud.hcslnet.com]billige nike free[/url], in 1991, to H Mercier, a French Canadian pianist: Alexandre, 18, Fr 15, and Jean, 12. These days Arnault does his Saturday morning retail tour with Alexandre, who has already expressed interest in joining LVMH.
Patrimony has deep roots. Arnault was raised to go into the family business, a construction company called FerretSavinel in the northern industrial city of Roubaix. At age 7 he visited building sites with his grandfather, learning the importance of hard work and giving Arnault "the flavor of entrepreneurship." After earning an engineering degree at Paris' prestigious Ecole Polytechnique in 1971, he joined his father, taking charge of the company at age 25. trying to establish a branch of the family business as a developer of Florida real estate. The venture didn't work out, but Delphine and Antoine learned flawless English. Arnault brought home an aggressively American approach to taking over and running businesses. It has made him a terrifying competitor.
In 1984, when the French government was looking for someone to take over a bankrupt textile and disposablediaper business called Boussac, Arnault convinced Lazard Fr to add $80 million to his $15 million of Arnault family money. The bedraggled company included one jewel, fashion house Dior, and Arnault quickly stripped away the other businesses. Dior had earlier sold its perfume brand to Louis Vuitton Mo (the result of a 1987 merger). Arnault coveted the label, so he used the $400 million from selling off Boussac's assets and, backed by Lazard, took advantage of dissent within the Louis Vuitton Mo ranks, siding with Vuitton Chief Henri Racamier to oust Mo Alain Chevalier. Then, buying up sufficient shares and exploiting the courts to amend corporate bylaws, Arnault deposed Racamier and seized the entire company in 1990.
He took charge immediately, sweeping much of manufacturing and distribution under his control. In order to extend LVMH's reach across a range of highend brands, Arnault turned into a binge acquirer. Throughout the 1990s he paid billions of dollars for fashion labels that included Fendi, Kenzo and Thomas Pink; jewelry and watchmakers Chaumet, Zenith and TAG Heuer; and retail chains like DFS and Sephora. He also bought a handful of ultrahaute boutique companies like Berluti, which makes custom men's shoes.
There have been spectacular busts. After failing to bag Sotheby'sBID ), Arnault paid a reported $97 million for Phillips, a distant number three auction house, in 1999. Hurt by the plunge in business following Sept. 11, Arnault dumped Phillips in early 2002. His one attempt to create a fashion brand ended badly. Founded in 1987, Christian Lacroixan eponymous label whose strategy was to start with couture items to grab attention, then introduce a readytowear linenever quite clicked. Arnault unloaded it in 2005; it filed for bankruptcy last year. Most dramatically, Arnault tried and failed to turn a minority stake in fashion house Gucci into control of the company but lost to French billionaire Fran Pinault's PinaultPrintempsRedoutesetting up a rivalry on several fronts (including fashion and art collecting) that persists today.
Until his latest move on H Arnault contented himself with emphatic and creative brand extensions, infusing classy labels with a sense of contemporary cool, carefully controlling quality through his trusted aides. At corporate headquarters on Avenue Montaigne, which houses Paris' biggest Dior boutique, Delphine oversees the haute couture atelier on the top floor, where three dozen seamstresses stitch triple silk organza, handpainted with purple flowers, that will adorn a oneofa kind gown designed by John Galliano that might cost $35,000. Each dress is fitted to its own custommade white muslim dressmaker's dummy, labeled with the client's name, many of them the wives of Middle East oil barons.

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Xiamen Airlines and Garuda reach code sharing passengers flying from Fuzhou to Jakarta

our province has entered the rainy season

His colleagues said

Shanxi Mount Wutai scenic area of Taiwan Huai temples over the emergence of multicoloured auspicious clouds, so there is a Chinese idiom "auspicious sign" or "Rui Cai auspicious clouds".

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police arrived at the scene, the rental housing door closed, less access to staff,[link widoczny dla zalogowanych], but the balcony in a large number of clothing, but also from time to time that very loud sound of reading, singing, applause. The police knocked on the door to see the house, 24 people inside, are illegal pyramid retail personnel.

it is understood,[link widoczny dla zalogowanych], this 24 people from Guangxi, Jiangxi, Hunan, Zhejiang and other provinces, more than 20 years old. Them under the banner of "Tiens Biological Engineering Co., Ltd." banner,[link widoczny dla zalogowanych], to introduce each other relatives, friends, colleagues, fellow development off the assembly line,[link widoczny dla zalogowanych], to attract more members,[link widoczny dla zalogowanych], each member is asked to hand in 2800 yuan membership fee, every development a referral to commission 15%.

they confessed, mostly at the end of this year was "7 line leader" fool here, after arriving in Fuzhou,[link widoczny dla zalogowanych], mobile phone, ID card, cash, baggage is villagers, relatives and friends "to save". In the rented room, every day there are people to their class brainwashing, promote "good money" "".

at the scene,[link widoczny dla zalogowanych], the police also found, the marketing group did not have any substantial products. The police is helpless, part of the "senior" illegal pyramid retail personnel was brought back to the police station,[link widoczny dla zalogowanych], but also to sing "dreams......" Such self songs,[link widoczny dla zalogowanych], only a handful of people to the police expressed know be looking for opportunities to escape, the alarm.

at present, the case is still pending further.
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South East Express (reporter Lin Chunchang Zhang Ning correspondent Ouyang Pingwen / chart) the day before yesterday morning, Fuzhou Jinshan police in the area of a rental room,[link widoczny dla zalogowanych], destroyed a 24 MLM gangs. In the "closed" houses, often heard loud and clear voice and thunderous applause,[link widoczny dla zalogowanych], noisy surrounding residents to rest.
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Shanxi Mount Wutai scenic area of Taiwan Huai temples over the emergence of multicoloured auspicious clouds, so there is a Chinese idiom "auspicious sign" or "Rui Cai auspicious clouds".

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Qiu Beiling Zhang Xiangjing ,[link widoczny dla zalogowanych]
three nights a week in 8,[link widoczny dla zalogowanych], Cao Fang Xiang Shang Cao village director Cao Yongzeng in front of the Daping, township party committee secretary Wu Lizhong and dozens of Township, village cadres and the masses were sitting together, took home. The villagers feel is his home things himself, but he that is people anxious, need, want a small thing.
"where we often have no water, a lot of time crops are not kind, the village can do something?" "I want to put these years to earn back to engage in farming,[link widoczny dla zalogowanych], but also afraid of their own lack of ability, can make some skills training for us?"...... An urgent issue, in a time of "the night" is solved, the villagers began to like this "the talk station".
gradually, here also attracted other villagers,[link widoczny dla zalogowanych], heard that the average reasonable can effectively solve, have heard here. A short span of a few days, "the talk station" to collect public opinions and suggestions of more than 50, all are ordinary people heart. During the period,[link widoczny dla zalogowanych], the Lizhong also through explaining the clean their content, enrich the knowledge of the party members and cadres, have also strengthened the supervision consciousness of the masses.
now Cao Fang, speed up the transformation of rural safe drinking water project, the village began to repair, the formal implementation...... See the problem solved, the people gave a thumbs up, face a smile from the bottom of the heart. At the same time,[link widoczny dla zalogowanych], the Lizhong also often begin in the masses of cadre of violation of law to expose and report of complaints, he was pleased with his words, is "shoot two hawks with one arrow".
it is a vivid miniature of Ninghua county "the country on" the party in.
in recent years, Ninghua County, regularly organize 100 county and township party and government "in charge" to the party members and cadres to the unit an honest education. In order to let the party obtains the actual effect, the county to the classroom in the ordinary farmyard,[link widoczny dla zalogowanych], the fields, the mountains shed, widely solicited opinions, with the "country talk", "public deliberation" form and the party members and cadres, people study and discussion,[link widoczny dla zalogowanych], the exchange interaction.
according to incomplete statistics, since the "village on" the party to carry out, the county and township cadres visited a total of more than 3800 farmers,[link widoczny dla zalogowanych], for farmers to solve the difficulties in production and daily life 573, provide rich information more than 2600 farmers,[link widoczny dla zalogowanych], help determine the rich project 750. "The party had just called party members and cadres, listen to some theoretical knowledge, not truly understand the voice of the masses, in recent years, we actively innovation party support, organization of Party members and cadres to village into people's homes,[link widoczny dla zalogowanych], into the fields, and the masses' zero distance contact, 'face to face, heart to heart communication, chat,[link widoczny dla zalogowanych], chat, clean production., out of the new image of Party members and cadres, cadres and the masses' gap between heart bridge'." Ninghua county Party committee, Secretary of the Discipline Inspection Commission Liu Xiaoyan said.

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At present, the center opened a total of children's painting, calligraphy, dancing, chess, 27 training classes. Activity center classes can not only enrich the youth outside activities and amateur life, but also cultivate hobbies and personality, enhance their innovation spirit and practice ability.

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,[link widoczny dla zalogowanych], including 18 lunar geographic entity types in the IAU released the names list (featuretype),[link widoczny dla zalogowanych], namely the general. In the relevant publications and journals about the moon is not a generic method of translation, especially the translation of "Crater" this generic is more diverse. The existence of such a state,[link widoczny dla zalogowanych], will affect the correct use of the place name.
The Ministry of civil affairs of
1.Albedo Feature; 2.Catena, catenae; 3.Crater, craters; 4.Dorsum, dorsa; 5.Fossa, fossae; 6.Lacus; 7.Landingsitename; 8.Mare, Maria; 9.Mons, Montes; 10.Oceanus; 11.Palus, paludes; 12.planitia,[link widoczny dla zalogowanych], planitiae; 13.Promontorium,[link widoczny dla zalogowanych], promontoria; 14.Rima, rimae; 15.Rupes,[link widoczny dla zalogowanych], RUP e s; 16.Satellite Feature; 17.Sinus, sin ū s 18.Vallis,[link widoczny dla zalogowanych], valles
according to the relevant provisions of the placename management in China and the United Nations Conference on the standardization of geographical names resolution on "countries should deal with star names with their own language and writing system",[link widoczny dla zalogowanych], names Ministry of civil affairs institute decided to IAU released the moon names were Chinese translation standard treatment,[link widoczny dla zalogowanych], is for the community to solicit opinions. The relevant units and experts on the moon names translation form of suggestion can be feedback to the electronic mailbox [link widoczny dla zalogowanych].
■ attachment to determine the standard translation of the lunar name
yesterday,[link widoczny dla zalogowanych], the Ministry of Civil Affairs said in a news release, the names of Ministry of civil affairs are the International Astronomical Union (IAU) published the names were Chinese translation standard treatment,[link widoczny dla zalogowanych], in order to eliminate the moon Chinese names chaos in use,[link widoczny dla zalogowanych], promote China's lunar exploration and scientific development.
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"I this several times to communicate with them, play more than two minutes phone, they do not have a formal apology." Mr Yang did not know manufacturers blacklist hat to wear long, but let the fear is beyond their own information security, as well as tariff will incur additional charges unreasonable.