Arnault announced that world-famous jewelers Tiffany & Co will be laying off or “promoting outwards” underperforming workers.

Arnault, the billionaire CEO of the luxury conglomerate, had criticized proposed French tax hikes earlier this week.

Luxury and fashion titan Bernard Arnault gave sports another big vote ... 37th America's Cup wound up two months of high-level yacht racing in Barcelona. At his side was Vuitton chairman and ...