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bernard arnault
LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.
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Photo collage featuring a tag with the Richemont logo, jewelry from Cartier (Trinity ring and Love bracelet), and a Van Cleef Vintage Alhambra pendant
Richemont, the conglomerate that owns brands like Cartier and Van Cleef & Arpels, has been heating up the luxury space.