Arnault warns Middle East crisis could spark global economic catastrophe
TL;DR Summary
Bernard Arnault warned at LVMH’s annual meeting that the Middle East war could spiral into a global catastrophe and jeopardize the luxury group's recovery if it drags on, with softer demand and regional disruptions hitting sales; he also addressed succession via a decade-long contract and noted the group’s shares have fallen while peers slide.
- Bernard Arnault warns Middle East war could spiral into ‘global catastrophe’ Financial Times
- LVMH CEO Arnault warns of 'world catastrophe' if Middle East conflict is not resolved CNBC
- Billionaire Luxury Titan Warns Iran War Could Result In ‘World Catastrophe’ Forbes
- Luxury Brands Bet on the Middle East. War Has Damaged Their Plans. The New York Times
- Trump’s Billionaire Buddy Warns He Is Hurtling Towards ‘World Catastrophe’ The Daily Beast
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