Two years ago, Bernard Arnault asked his son Antoine to run shoemaker Berluti, then this month he installed his daughter, Delphine, as executive vice president of Louis Vuitton. While her brief is to revive the handbag maker and Antoine’s task is to transform Berluti into a menswear titan, Arnault is auditioning both for another job: his own.
Say you are a Shanghai-based economist and doubt the veracity of China’s latest trade data. You put out a research report to that effect, one that creates buzz on the Internet and exposes you to something far worse than making a bad call: prison.
Mikhail Gorbachev, who presided over the end of the Soviet Union, says Prime Minister Vladimir Putin shouldn’t seek a third term as Russian president as the country struggles to develop democratic institutions.
On a frosty Moscow evening in December, Alisher Usmanov is wearing a boyish grin. Russia’s richest man, who rarely smiles in public, has been elected to a second term as president of the International Fencing Federation, which is holding its annual congress in the Russian capital for the first time.
Mikhail Gorbachev ’s 80th birthday party in London’s Royal Albert Hall last night had diamonds, furs, Hollywood stars, wrinkly rockers and enough Botox to fill the craters of the moon. Understated it was not.