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“Elon Musk in danger of losing world’s richest person title to Bernard Arnault” Elon Musk is in danger of losing his long-held title of world’s richest individual on Wednesday morning following months of tumult at Twitter and his various other business interests. Bernard Arnault, CEO of the French luxury goods firm LVMH, temporarily topped Musk…
“#Neiman Marcus hires JPMorgan to explore Bergdorf Goodman sale” Department store chain Neiman Marcus has retained JPMorgan to help it explore its strategic alternatives, including a possible sale of its crown jewel, Bergdorf Goodman, The Post has learned. A number of parties eyeing the super luxurious Fifth Avenue department store have already signed confidentiality agreements…
“#Neiman Marcus weighs possible sale of Bergdorf Goodman” Bergdorf Goodman is exploring a potential sale — and one possible outcome is that it moves to a surprising address nearby, The Post has learned. Neiman Marcus, which has owned the storied Fifth Avenue luxury mecca since 1972, has been interviewing bankers, including for a possible sale,…
“#Jeff Bezos battles with LVMH boss for title of world’s richest man” Jeff Bezos is locked in a tug-of-war with French luxury tycoon Bernard Arnault for the title of world’s richest person, with each of them temporarily grabbing the top spot in recent days. Arnault — head of LVMH, the luxury empire that owns Louis…
“#Tiffany shareholders back LVMH takeover, ending dispute” Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99 percent of votes cast were in favor of the…