PARIS — Squelching speculation he would soon move to Belgium to escape anti-wealth measures by France's new Socialist government, Bernard Arnault issued a statement Saturday saying that he "is and will remain" a fiscal resident of France.
Still, the luxury titan - France's richest man and chairman and chief executive of luxury giant LVMH Moët Hennessy Louis Vuitton - acknowledged he has applied to have dual French-Belgian citizenship, which prompted a torrent of press attention on a hot-button issue.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)