Arnault Transfers Champagne Boss to Run Family Football Club

Bernard Arnault’s family is installing LVMH Moët Hennessy Louis Vuitton SE executives to lead recently-acquired Paris FC, a sign the luxury billionaire is intent on reviving the commercial fortunes of the club.

Jean-Marc Gallot, up until now head of LVMH’s Champagne brand Veuve Clicquot, will now head up Paris FC, according to a joint statement from the club and the Arnault family investment vehicle Agache.