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.
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.
Peng Liyuan, celebrity folksinger and wife of President Xi Jinping has a chic, elegant and decidedly local look. Since March 22, when she appeared at a Moscow airport, arm in arm with her smiling husband on the opening leg of his first international trip as China’s new head of state, talk of her has spread across newspapers, blogs and microblogs. Especially as compared with her low-key, all-but- invisible first lady predecessors, Peng is a vision of modern Chinese times, and modern Chinese people seem to be embracing her.
The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.