Family affair: Two more Arnault sons join LVMH board [Yahoo! Finance]
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Source: Yahoo! Finance
The pair joined their elder siblings on the board of directors of the company, which houses brands such as Dior and Louis Vuitton, meaning four of Bernard Arnault's five children now sit on the board. Alexandre, 31, is the executive vice president of Tiffany, while Frederic, 29, is the CEO of Swiss luxury watchmaker Tag Heuer. The Forbes magazine currently lists Bernard Arnault, and his family, as the world's richest person with a fortune of $214 billion, ahead of Amazon founder Jeff Bezos and Elon Musk who heads Tesla and X. Each son got more than 93 percent at the shareholder meeting, with the results coming as no surprise. The Arnault family group holds 48.6 percent of LVMH's capital and 64.3 percent of the votes, a fact Arnault acknowledged shortly ahead of the proceedings. "I've got the majority of votes, so...", he said. Two other children from a previous marriage, Delphine, 49, and Antoine, 46, are already board members, but the youngest sibling, Jean, 26, still ha
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- Amazon.com, Inc. (NASDAQ: AMZN) had its price target raised by analysts at Barclays PLC from $220.00 to $230.00. They now have an "overweight" rating on the stock.MarketBeat
- Amazon.com, Inc. (NASDAQ: AMZN) had its price target raised by analysts at Citigroup Inc. from $235.00 to $245.00. They now have a "buy" rating on the stock.MarketBeat
- Amazon.com, Inc. (NASDAQ: AMZN) had its price target raised by analysts at UBS Group AG from $215.00 to $217.00. They now have a "buy" rating on the stock.MarketBeat
- Amazon.com, Inc. (NASDAQ: AMZN) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $225.00 price target on the stock.MarketBeat
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- 4/30/24 - Beat
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