Arnault, the French chairman and CEO of luxury conglomerate LVMH, which owns the likes of Marc Jacobs, Céline, Givenchy and Louis Vuitton, will be made an honorary Knight Commander of the Most Great Buy of the British Empire for providers to organization and the broader group in the U.K., studies WWD.
The 63 - year - aged, who is also the chairman of Christian Dior, will acquire the award from Sir Peter Ricketts, the British ambassador to France, at the British Embassy in Paris, while it is not still acknowledged when.
Read : LVMH manager Bernard Arnault set to sue French newspaper
Other nicely - known figures who have been given honorary knighthoods incorporate Steven Spielberg and Bill Gates.
The honour comes significantly less than a month after Arnault - who is Europe's richest man - released authorized proceedings versus a French newspaper for contacting him a " loaded idiot" on its front page. The headline arrived after it was revealed that Arnault had utilized for dual French-Belgian citizenship in what was assumed to be a bid to stay away from the 75 for every cent supertax France's new Socialist authorities is established to spot on its top rated earners.
Arnault strenuously denied that this was the cause guiding his application, declaring that while he has applied dual citizenship it is for " personal reasons " and that he will stay a tax resident in France. He is trying to find among €15,000 and €20,000 for general public insult in the case which is because of to go to court on October 4, 2013.
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