Europe's richest man spent 1 billion on a Paris mall with a Christian Dior-branded spa to lure Chinese tourists
Get the Full StoryREUTERS Carlos BarriaEurope's richest man, Bernard Arnault, is spending 1 billion on renovating a Parisian luxury department store.
Arnault, who is the CEO of luxury brand LVMH and is worth 101 billion, is hoping the department store will attract Chinese shoppers in search of designer brands.
La Samaritaine will open in April, after a 15-year renovation, complete with "restored Belle Epoque glamour, including ornate frescoes, mosaics and wrought-iron staircases," according to Bloomberg.
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Europe's richest man, Bernard Arnault, is spending 1 billion on renovating a Parisian department store to lure in Chinese shoppers hunting for luxury brands.
Arnault, who is the CEO of LVMH, and is worth 101 billion, is hoping the department store will attract Chinese shoppers in search of luxury brands, according to Bloomberg. See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:Trump reportedly shelved a ban on flavored e-cigarettes to avoid angering votersTrump hails 'cash' coming from US aid package to farmers caught in the China trade war's crosshairsState-owned oil giant Saudi Aramco is worth up to 1.7 trillion in a new IPO range, setting the stage for the world's largest public listing
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