Billionaire Arnault Eyeing London’s Ritz Hotel, Times Says

Bernard Arnault is among a pack of potential bidders vying for London’s Ritz Hotel, according to the Times of London.

Europe’s richest man, chairman of LVMH Moet Hennessy Louis Vuitton SE, is among about 13 interested parties that have been allowed to undertake due diligence, the newspaper said. The five-star hotel is being sold by the Barclay brothers and could fetch as much as 800 million pounds ($1 billion).