Arnault, the CEO of the luxurious conglomerate LVMH which owns the likes of Celine, Givenchy, Louis Vuitton and Marc Jacobs, is set to sue French newspaper Libération for community insult right after it ran his impression beneath the headline "Casse-toi riche con!" - which around translates as "Get Missing Abundant Idiot!"
"Bernard Arnault has no other decision, presented the extreme vulgarity and the violence of the headline... but to sue Liberation (for libel)," his agent mentioned in a statement regarding the conclusion to consider authorized action.
The headline adopted speculation over the weekend that Arnault, who is the France's richest guy and the world's fourth richest, had utilized for twin French-Belgian citizenship in order to avoid the seventy five for every cent super -tax France is set to spot on its best earners.
Arnault has since denied that this is the purpose driving his software, telling AFP on Sunday: "I am and will stay a tax resident in France and in this regard I will, like all French men and women, fulfil my fiscal obligations," including that the bid for twin nationality was " connected to individual causes ".
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