Billionaire Arnault Plans to Visit China After Musk and Dimon

Posted on AllSides June 1st, 2023
From The Left

LVMH CEO Bernard Arnault intends to visit China this month after the country reopened following pandemic-era lockdowns that had hampered luxury sales in one of the world’s biggest consumer markets, according to people familiar with the matter. The billionaire’s visit would be the first since before Covid, the people said, asking not to be identified when discussing his travel plans. The trip could always be postponed due to unforeseen circumstances, they added. An LVMH representative declined to comment. The visit coincides with growing concerns about China’s economic recovery, which cooled...

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