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Article: Racamier: firm in Arnault battle. (Henry Racamier, chairman of Louis Vuitton S.A., battles LVMH Moet-Hennessy Louis Vuitton chairman Bernard Arnault)
- Article from:
- WWD
- Article date:
- June 26, 1989
- Author:
CopyrightCOPYRIGHT 1989 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RACAMIER: FIRM IN ARNAULT BATTLE
PARIS -- Henry Racamier's days at the head of Louis Vuitton may be numbered but this is one gentleman who is determined to hang tough.
The 78-year-old president of the luggage and leather goods firm has less than three months to gain the initiative against his combatant Bernard Arnault, the financier and since early this year chairman of LVMH, who along with his ally Guinness PLC controls LVMH Moet Hennessy Louis Vuitton, France's largest luxury goods conglomerate.
Arnault announced months ago his intention of reducing the retirement age for employees of Louis Vuitton to 70 at its shareholders meeting, currently ...