Bernard Arnault no longer wants to be Belgian

Bernard Arnault no longer wants to be Belgian

CEO of LVMH Bernard Arnault, who said he wanted to get a Belgian passport in September of last year, now declared in an interview with French paper Le Monde he no longer intends to go through with it.

“I am not a fiscal fugitive”

When it became clear in September that Bernard Arnault, tenth on the Forbes-list of richest people on earth, wanted the Belgian nationality, a debate started about the superrich, who go to other countries for fiscal asylum.

 

According to the interview in Le Monde, Bernard Arnault never wanted to be a fiscal fugitive. His most important motive, says Le Monde, was to protect his heritage if his future heirs did not come to an agreement about the division of the heritage, which could lead to the crumbling of the empire he built.

 

Arnault claims he never had the intention to leave France, nor to evade French taxes. With the withdrawal of his request for a Belgian passport, he wishes to confirm his commitment to the country and his trust in the future.

Questions or comments? Please feel free to contact the editors


Estée Lauder doubles Victoria Beckham product range

22/06/2017

Things are going very smoothly for Estée Lauder and Victoria Beckham. Their first two “limited collections” sold out instantly and that is why the former Spice Girl will create a third collection.

Brazilian competitor on the verge of The Body Shop acquisition

09/06/2017

French L’Oréal has entered exclusive negotiations with Brazilian Natura Cosméticos to sell store chain The Body Shop, in a deal that should be worth a billion euro.

Belgian online pharmacy Pharmasimple wants to conquer Europe

29/05/2017

Pharmasimple, an online pharmacy founded in Brussels seven years ago, experienced a 66.2 % turnover growth to 11.3 million euro in 2016. However, it has lofty ambitions, targeting a 100 million euro turnover in the next five years.

Amazon turns attention to medication

26/05/2017

Amazon is looking for someone within its ranks to figure out how it can move into the highly lucrative medicine sales industry. According to several sources, Amazon has been contemplating this move for some time.

Unilever buys South American Quala's care division

17/05/2017

Unilever acquired South American company Quala’s care product range to its own portfolio. Similarly to Unilever, Quala has food brands, which will become its new focus.

Strong turnover and profit increases for Henkel

11/05/2017

Henkel’s first quarter turnover and profit both grew a lot. It also achieved a nice feat: for the first time ever, the German trade group surpassed the 5 billion euro turnover milestone.

Back to top