Lvmh: Life Isn't All Champagne And Caviar

Asia's slump and a raft of other woes are bedeviling the luxury-goods maker

French luxury-goods mogul Bernard Arnault is not accustomed to defeat. Since he made a successful run for an ailing textile company that included fashion design house Christian Dior in 1984, Arnault has used surprise takeover tactics and financial acumen to build an $8 billion global powerhouse, selling everything from Louis Vuitton luggage and Christian Dior perfumes to Moet & Chandon champagne and Hennessy cognac. But recently, the 49-year-old president of LVMH Moet Hennessy Louis Vuitton has suffered a surprising series of setbacks.

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