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Arnault Joins French CEOs Backing Macron Over Le Pen

  • Luxury chief says National Front leader poses economic risk
  • French executives breaking tradition of silence on politics
Bloomberg business news

The Meteoric Rise of France's Front-Runner

Corrected

Bernard Arnault, chief executive officer of luxury-goods conglomerate LVMH and France’s richest man, joined other business leaders in endorsing independent presidential candidate Emmanuel Macron in the May 7 runoff against the National Front’s Marine Le Pen.
 
“Without hesitation, I’m voting Emmanuel Macron,” Arnault said in business daily Les Echos, which his company owns. “Everything about the campaign of Marine Le Pen, despite its dressing of sovereignty, exudes fear and weakness.”

Arnault added his voice to those of Veolia Environnement SA CEO Antoine Frérot, Michelin chief Jean-Dominique Senard and Airbus SE’s Tom Enders in supporting Macron. They and other French corporate leaders have been rallying behind the former finance minister, breaking with a French business tradition of reluctance to wade into election politics, in a bid to avert a Le Pen presidency.