By  on July 16, 2019

LONDON — Goodbye, François-Henri. Hello, Bernard.

In a deal that speaks to grand ambitions in the sustainability space and protecting the planet — and a major leap from one luxury titan, François-Henri Pinault and Kering, to his larger rival, Bernard Arnault — LVMH Moët Hennessy Louis Vuitton has surprisingly taken a minority stake in the house of Stella McCartney. It also has tapped the green campaigner as a special adviser to LVMH chairman and chief executive officer Bernard Arnault and the executive committee members.

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