Presidential Election: Bernard Arnault renounces publicly speaking for second round

In 2017, the founder of the LVMH group explained how much the Emmanuel Macron program seemed to him “eminently desirable”

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“I have a specific opinion that you can imagine,” said Bernard Arnault at the end of the LVMH Group General Assembly, Thursday, April 21, who pushed back the age limit the function of Director General at 80, instead of 75 years.

“Interrogated by the press on his” anxiety “as to the election of the presidential election of Sunday 24 April, which opposes Marine Le Pen, the representative of the national rally, the President of the Republic, Emmanuel Macron, the founding CEO of the Luxury group first answered: “I prefer not to express myself.” Obviously, for weeks, the desire to support the President of the Outgoing Republic pelkee The 73-year-old officer. But his relatives would have dissuaded it, for fear of a counterproductive effect.

In 2017, Mr. Arnault had felt freer. At the front-day of the second round of the presidential election which opposed Emmanuel Macron in Marine Le Pen, it was in the columns of the daily Les Echos he had explained his choice. “Among the two branches of the electoral alternative that comes to the French on May 7, one is a dead branch. It is that of confinement, of fear, bitterness,” he wrote then In a platform entitled “Why I vote Emmanuel Macron”, published on May 5 in the newspaper he owns since 2007. But the 2022 vote does not look like that of 2017.

Like many French bosses, Mr. Arnault knows how much Mr. Macron struggles against his image as “president of the rich”. From then on, the billionaire, which, in the aftermath of the presidential election of François Mitterrand, the first president of the French Republic elected under the label of the Socialist Party, on May 10, 1981, had exiled in the United States, is done. more discreet. It will not take the pen, this year.

“European” and “for Europe”

In the press, however, he recalls how much he is “European” and “for Europe”. To the shareholders of LVMH, the CEO also argues “the extraordinary impact” of its group “on the French economy, the standard of living, the trade balance and the public finances”. To this end, the LVMH group appealed to the Cabinet Astersès, created by the Liberal economist Nicolas Bouzou, to quantify his “economic footprint”. Shortly before submitting about twenty resolutions to the vote of its shareholders, the group has broadcast a short video of Mr. Bouzou exposing the group’s key figures to 64 billion euros. And his communication service then was eager to pass on to the press this short study.

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/Media reports.