Arnault Says He Hopes Tensions With China on Luxury Quiet Down
- Billionaire comments ahead of Xi Jinping’s visit to France
- Cosmetics, Cognac likely to be topics of talks during visit
Bernard Arnault during the company's annual general meeting in Paris on April 18.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
“I hope the economic tensions will quiet down and that we can continue a solid economic collaboration with China,” Arnault, the chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, told reporters after Thursday’s annual general meeting in Paris.