Tuesday, October 26, 2021

Frederic Arnault, young scion of the LVMH dynasty

I'm not sure why I flag this. The glimpse into an unfathomable world. But also, I thought that heirs to a fortune were supposed to be dissolute.  This guy sounds like a Renaissance man. WTF?

 Also because it triggered a memory. A "boyfriend", who was more of a penpal on the other side of Switzerland when I was an exchange student in Zurich, lived in La Chaux des Fonds.  A place I haven't though about in many a year. I visited him, finally, at the end of my exchange year and his girlfriend (10 years older) wouldn't let him out of his sight.  I got a good album (Tapestry) out of the liaison.

https://www.nytimes.com/2021/10/26/style/frederic-arnault-tag-heuer-lvmh-succession.html 

Mr. Arnault and Ryan Gosling at a TAG Heuer event in Beverly Hills.

Like most of the Arnault children and like their father, Frédéric is a tennis player. He also likes golf, running and kite-surfing. He and one of his brothers often play doubles against their father and a pro. Though Mr. Arnault Sr. used to win, his son said, it generally goes the other way now. Mr. Bianchi favors squash, though, so the two had a match.

“Every point he was killing himself,” Mr. Bianchi said, though he wouldn’t say on the record who won. He did acknowledge that Mr. Arnault said that the next time they played, it should be tennis.

“Competitive” is a word that comes up a lot in regard to Frédéric. So is “calm” and “reserved.” “He’s like his father in that way,” Mr. Bianchi said. Alex and Antoine are generally categorized as the outgoing ones.

“He hates losing,” said Gregoire Genest, the friend from school with whom he founded his start-up. “We usually bet on a match, like the loser has to do 50 push-ups. But he is generous when he wins about not making you do the push-ups, especially if we have been out late the night before. It makes him very good at negotiating. He knows just how far he can push people.”

Ask Mr. Arnault what he does for fun and he says, “Business is fun!” though he laughs as he says it. He likes to play chess and backgammon. He loves math.

Also piano, which runs in the family. His mother, Hélène Mercier, is a concert pianist; his father and most of his siblings play. (Word is Frédéric may be the best, though he will only admit that he plays the most.) He is partial to Russian composers and Liszt. Before becoming C.E.O. of TAG Heuer, he used to give concerts once a year and has played with the Moscow Philharmonic. Now, he said, “It’s hard to practice enough.”

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