Francois Pinault – Retail & Consumer Goods – France Billion Dollar People Section @ BillDoll.com – The Billion Dollar Site

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Francois Pinault – Retail & Consumer Goods – France Main Page: Top 100 Billionaires 2006 You are at: Billion Dollar Site > Billion Dollar People > Top 100 Billionaires 2006 > Francois Pinault – Retail & Consumer Goods – France .. .. Francois Pinault Industry - Retail & Consumer Goods Citizenship - France Age - 69 Net worth (US $ billion) - 7.0 Country of Residence - France Content derived from Wikipedia article on Francois Pinault François Pinault From Wikipedia, the free encyclopedia François Pinault (born 1937) runs the retail company PPR. He lives in France and is married with four children. He is a friend of French President Jacques Chirac. His holding company Artemis S.A., owns (or owned), among others, Converse sneakers, Samsonite luggage, the Vail Ski Resort in Colorado, and Christie's auction house. Artemis also owns Executive Life (now Aurora Life) in California, which was sued by policy holders when the company failed [1][2][3]. On March 9, 2007, it was announced that Pinault's son François-Henri Pinault and Mexican actress Salma Hayek are engaged and expecting their first child together. [4] Contents 1 Gucci deal 2 Auction house scandal 3 See also 4 External links Gucci deal Pinault led PPR through a long battle over control of Gucci, the Italian fashion company, which began with an attempted takeover of Gucci by LVMH, the world's largest luxury goods company. In March of 1999, Gucci asked PPR to acquire an ownership interest in Gucci to help fend off LVMH. The result was a struggle between the two richest men in France, both self-made billionaires — Pinault and Bernard Arnault, the Chairman of LVMH. The dispute end in September 2001, when LVMH agreed to sell its shares in Gucci to PPR for $94 a share. As part of the agreement, PPR promised to tender for the balance of the publicly traded shares at a later date. It completed that buy-in in July 2004 and took full control of Gucci. Auction house scandal In 1998, Pinault purchased a majority share of Christie's auction house. In February 2000, A. Alfred Taubman, majority shareholder of rival company Sotheby's stepped down amidst a scandal after the Federal Bureau of Investigation had investigated commission-fixing between the two companies. Pinault was not implicated, but rather it was his actions which precipitated the scandal. He fired Christie's CEO Christopher Davidge over an allegation of extravagant spending. Davidge then admitted the collusion, which had gone on since about 1995, to Artemis' CEO Patricia Barbizet. In October 2000, Sotheby's CEO, Diana Brooks admitted her guilt in hopes of receiving a reduced sentence, and implicated Taubman. In December 2001, jurors in a high profile New York City courtroom found Taubman guilty of conspiracy. He served a year and a day in prison and Mrs. Brooks got 3 months of home confinement and a penalty of $350,000. International law permitted Christie's to avoid prosecution (other than civil penalties). .. .. Main Sections @ The Billion Dollar Site Billion Dollar Questions Billion Dollar People - The World of Billionaires Billion Dollar Ideas Billion Dollar News Billion Dollar FAQ Reference Section Some interesting questions from Billion Dollar Questions: Business & Finance How can I make a million dollars quickly? How can I make money in the stock market? How can I make money from the commodity markets? How can I make money from forex markets? How can I make money from real estate? How can I make money on the Internet? Will outsourcing to developing countries affect the economies of developed countries? How can I grow my small business into a very large and successful business? How can I generate viral marketing for my products/services? What are the big business & investment opportunities in the emerging economies How can I get venture capital for my business? How do I evaluate the best management/business consultants for my business? What are the emerging & big business opportunities in the IT & software industries? Education & Career How can I get the best job for my qualifications? How can I become brilliant? How can I use creative thinking to get ahead in life? How can I achieve great leadership qualities? Some other resources you could find interesting Syn.in – Simply Yummy & New Updates – interesting and cool news updates from around the world The Outsourcing & Business Process Blog @ eBPO.in Credits & Copyright: This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Francois Pinault

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