Bernard Arnault Warns Middle East Conflict Could Spell ‘Catastrophe' for World Economy [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
Speaking at LVMH Moët Hennessy Louis Vuitton's annual general meeting in Paris, the French luxury group's chairman and chief executive officer said it was impossible to make near-term forecasts due to the uncertain outcome of peace talks between the United States and Iran. More from WWD Coffee, Spice and Everything Nice Inspired Chaumet's Latest High Jewelry Collection LVMH Open-doors Event Returns After Four-year Hiatus Nona Source Woos London Designers, Brands Ahead of Five-year Anniversary in June But he was optimistic about growth in the midterm, dismissing speculation about his succession by saying he expects to remain at the helm of the group for another “seven or eight years” at least. “In the short term, it has not escaped your attention that the world is now in a fairly serious crisis in the Middle East,” Arnault told the assembly. “It all depends on how this crisis plays out. Either it will be a global catastrophe, so to speak, with extremely serious and highl
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