Bernard Arnault and his LVMH empire are forces to be reckoned with in Europe and beyond. Now, French media are bearing the brunt of the billionaire’s clout as Arnault looks to flex his media muscle.
Earlier this year, the billionaire sent a memo to staff banning them from speaking to reporters at select French media outlets. He warned that breaching the edict “will be considered a serious infraction, with the corresponding consequences attached to it,” according to The Financial Times.
