Last Friday, Bernard Arnault became the first major fashion industry executive after Pierre Berger, to support French presidential candidate Emmanuel Macron.<\/p>\n
Arnault, chairman and chief executive officer of LVMH Mo\u00ebt Hennessy Louis Vuitton provides weight support to the center-left politician and former economy minister in an opened column published in French newspaper Les Echos.<\/p>\n
Recently the magnate feared another major economic crisis, stating record-low interest rates; high stock prices; geopolitical uncertainty, with potential conflicts in the areas of trade, customs and currencies, and continued low growth in Europe.<\/p>\n
Regarding \u201cLeaving Europe? That was to ignore as we owe our prosperity to peace and to European exchanges since the last 60 years. Leave the euro? was to ignore too. We should never forget how much our common currency protects our savings and prevents the cost of our imports from soaring, notably for energy,\u201d.<\/p>\n
Macron has some close links with the fashion industry. He seems to be closed to entrepreneurs and tech billionaires such as Xavier Niel, Delphine Arnault, the executive vice president of Louis Vuitton and daughter of Bernard Arnault and so on\u2026<\/p>\n
It is reported that she would have offered Macron\u2019s wife, Brigitte Trogneux, style advice when he was minister. Trogneux has often worn clothes and accessories of Louis Vuitton and twice attended the brand\u2019s fashion shows. She has also been spotted at Dior, another brand within the LVMH fold.<\/p>\n
Bernard Arnault described Macron\u2019s program as a path of \u201chope and reason,\u201d noting that it was built on the conviction that the private sector is key to job creation.<\/p>\n
He concluded by saying: \u201cIt was without hesitation that I voted for Emmanuel Macron.\u201d After having supported Donald Trumps, the French magnate only supports everything related to business.<\/p>\n
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