Bernard Arnault’s net worth is $14.6 billion less than previously estimated because of the way he owns his stake in LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, according to data compiled by Bloomberg.
Victoire de Castellane doesn't like classic. The creative director of Christian Dior's fine-jewelry line likes asymmetry, bright colors, snakes and flowers, and tries to forget she is using precious stones, such as diamonds, rubies and sapphires, so she can work "as if I were five years old," she says. "Jewels are like characters to me. I was a sad child, and with them I would travel to a different, marvelous world."
Financiere Agache SA, the majority owner of French luxury goods maker Christian Dior SA, is seeking to refinance a 500 million-euro ($646 million) loan due next year, according to three people with knowledge of the matter.
The Federal Reserve will release minutes from its Jan. 28-29 meeting, the last presided over by former Chairman Ben S. Bernanke and at which policy makers further reduced the central bank’s record stimulus.