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Bernard Arnault, CEO of LVMH and the world’s fifth richest man, has coined a new phrase for those who are being laid off — “being promoted outwards, so to speak. ...
In 1989, Bernard Arnault, the owner of Dior, gained control of LVMH, a conglomerate that included the luggage maker Louis Vuitton, Moët and Chandon Champagne, Hennessy cognac, Givenchy perfume ...
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