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Lvmh, Arnault buys the Louis Vuitton flagship store in Paris
Bernard Arnault, owner of Lvmh, scores a coup and “expands” his real estate empire. In fact, according to what was leaked by the French press, the tycoon would have purchased Louis Vuitton’s seven-story flagship store along the Champs-Élysées in Paris.
The negotiation went a bit long – as reported Pambianco – but in the end the number one in luxury has “trimmed” for an amount somewhere between 770 and 900 million euros.
Read also: Lvmh, Arnault does not leave his seat: “Succession? Still too early”
The real estate company itself – Gecina – confirmed the sale without revealing the name of the buyer, the French real estate site said CFNews Yesbut the identity cloud was quickly dispelled thanks to “well-informed sources.”
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