Archive for April, 2010

The Luxurious Empire of Bernard Arnault

Wednesday, April 28th, 2010

Bernard Arnault has one of the largest fashion and luxury goods conglomerates in the world. The 61-year old business tycoon from France controls LVMH, maker of world famous brands Moet Chandon and Louis Vuitton. LVMH is a French holding company consisting of over 60 autonomous sub-companies that manage a number of luxury brands. Bernard Arnault is the richest European and the 7th wealthiest man in the world. As estimated by Forbes Magazine, he has a current net worth of $27.5 billion.

Bernard Arnault’s fashion and luxury goods empire makes and markets the world’s most well known brands. Aside from Louis Vuitton, it also markets Fendi, Dior, Hennessy, Marc Jacobs, Celine and TAG Heuer, among others. LVMH was created after the successive mergers of champagne manufacturers Moet et Chandon and Hennessy, and the prestigious fashion house Louis Vuitton. Bernard Arnault is the chairman and chief executive officer of LVMH.

The French mogul was born in a family of entrepreneurs in Roubaix, France on March 5, 1949. He inherited his business expertise from his father, Jean Leon Arnault. After finishing his high school education at Maxence Van Der Meersch and after completing his engineering degree at École Polytechnique in 1971, he immediately joined his father’s business. He eventually took over the company as president in 1979. He expanded his businesses when he migrated to the United States and established another company, Ferinel Inc, which developed condominiums in Florida.

Bernard Arnault’s big break did not happen until 1984, when he flew back to France and decided to pursue the luxury goods industry. He gained control over the textile company Boussac, which included the famous Christian Dior brand in its assets. His empire continued to expand when he took control of Louis Vuitton. He eventually became the chairman and CEO of LVMH in 1989.

Since then, Bernard Arnault constantly strived and this helped make the company become one of the largest luxury conglomerates in the world. His success inspired other luxury companies to follow the same path. Thus, LVMH now has its competitors in the industry, including the French conglomerate PPR, which owns Gucci and Sergio Rossi; and Richemont, which owns Cartier, Jaeger-LeCoultre and Montblanc.

Profiles in Business: Intelius

Wednesday, April 21st, 2010

After resigning from his post as Chief Executive Officer of Infospace, former Microsoft executive Naveen Jain and several associates established Intelius Inc at the start of 2003. Naveen Jain is also Intelius’ current CEO.

Initially, Intelius’ array of services focused solely on information commerce, offering individuals and businesses access to information for purposes such as background checks, identity verification, and medical and health history.

Intelius Inc aims to give small and big companies access to relevant details that allow them to make intelligent business decisions and map out effective business strategies. The company does this by merging accessible information found in public records, telephone directories, and other sources of information.

However, Intelius’ services are not limited to business. They also give their clients access to the company’s database so they can scan for information about individuals. This way, Intelius helps their clients find out who among these people are dangerous and who are not.

Aside from giving their clients access to information relevant to their companies’ success, Intelius expanded its range of services by providing anti-identity theft services.

As a company committed to corporate social responsibility, Intelius is active in helping the community in every way possible. During the identity theft threat where the identities of millions of American military veterans were in danger, Intelius offered a huge discount on their anti-identity theft products and services. According to Intelius, it was the company’s means of saluting men and women who served the United States of America.

Last 2007, Intelius reached a notable milestone as the company celebrated its fourth anniversary by serving its four millionth unique customer. This achievement is a testament of the company’s contribution and significance to the business and corporate industries.

Today, Intelius continues to provide small businesses and mega corporations the information and details they need to propel forward. It also gives individuals a great sense of security.

Profiles in Business: Michael Dell

Wednesday, April 14th, 2010

Michael S. Dell is a 45-year old American businessman who serves as the current chairman of the board of directors and chief executive officer of Dell, Inc, a Texas-based multinational company that produces and sells personal computers and other related products and services. He has led Dell as its chairman and CEO since he established the information technology company in 1984. He is a self-made billionaire, with a net worth of $12.3 billion as estimated by Forbes Magazine in 2009.

Born on February 23, 1965 in Houston, Texas, Michael Dell attended the University of Texas at Austin for college, where he started his own company called PC’S Limited. The business became a huge success and he decided to drop out of school and continued to run his own business. Eventually, his small business evolved into Dell Computer Corporation, which later became Dell, Inc.

Michael Dell
founded his own company, Dell, Inc, with roughly $1,000 and he slowly turned it into one of the largest information technology companies in the world. His IT empire became the largest manufacturer and seller of personal computers from the 1980s until the 1990s. Currently, Dell, Inc is the third largest computer manufacturer in terms of sales, only behind Hewlett-Packard and Acer. His corporation currently sells a variety of desktops, laptops, data storage devices, servers, software and other accessories made by separate manufacturers, such as digital cameras, portable music players and printers.

His enormous success led Michael Dell to become the youngest CEO ever to be included in the Fortune 500 rankings in 1992. Additionally, he was recognized and given various awards by different publications throughout his career, including “Entrepreneur of the Year,” “Man of the Year,” “Top CEO in American Business,” and “CEO of the Year.”

Aside from his chief post in Dell, Inc, Michael Dell has served other roles in various organizations. He is a member of the World Economic Forum’s Foundation Board and a part of the International Business Council’s executive committee. He also plays an active role in the U.S. Business Council. Likewise, he is a philanthropist, establishing the Michael & Susan Dell Foundation with his wife in 1999.

Michael Dell currently lives in Austin, Texas with his wife and their four children.