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The Guardian - UK
The Guardian - UK
Business
Angelique Chrisafis in Paris

Fashion tycoon Bernard Arnault accused of stranglehold over French business press

Donald Trump and Bernard Arnault on a factory floor
Donald Trump and Bernard Arnault at the opening of a Louis Vuitton factory in Texas. Arnault was at Trump’s second inauguration in January last year. Photograph: Michael Buckner/WWD/Rex/Shutterstock

He is known as the “wolf in cashmere” – the owner of the world’s biggest luxury group whose brands including Louis Vuitton, Dior and Tiffany have made him one of the world’s richest people.

But Bernard Arnault, a close friend of Donald Trump, is under fire from journalists’ unions in France for buying up almost all the country’s business and economic press.

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