Arnault’s empire, Talbots buy-out, US retail sales up, Hong Kong slows, Kawakubo’s achievement

Bernard Arnault | Source: Courtesy Photo

The empire of desire (Economist) “Mr. Arnault is the chairman, chief executive and controlling shareholder of Moët Hennessy Louis Vuitton (LVMH), the world’s largest luxury group. Over the past quarter-century he has transformed a small, nearly defunct clothing manufacturer into a conglomerate that controls more than 60 luxury brands.” Talbots Accepts Lower Sycamore Bid in $369 Million Takeover (Bloomberg)

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