Vogue Billionaire Bernard Arnault Buys Share In Online Auction Site Auctionata
Bernard Arnault. Photo: © 2014 Patrick MCM iPhone 6ullan Company, Inc.
Around the internet auction house Auctionata has received financial backing brought on by Groupe Arnault, the controlling aktionär of luxury giant LVMH Moët Hennessy Louis Vuitton chaired by Bernard Arnault. The undisclosed sum comes in conjunction with the $45 million of purpose C funding that the Berlin-based manufacturer} received in April (see Auctionata Raises $45 Million and Sits Off 30 Percent of Berlin Staff).
Arnault's decision to back the amount of takes its total amount raised brought on by investors since its inception in 2012 to positively approximately $95. 7 million, with the New York Times.
"We are very happy to announce that Groupe Arnault, and the controlling shareholder of French privilege group LVMH Moët Hennessy Lv, has invested in Auctionata, " the amount of wrote on their Facebook page today. "Another step towards becoming the global place to go for livestream auctions. "
Despite the uprising of cash, the company recently announced reorganization, rearrangement, reshuffling plans that effectively laid off when it comes to 30 percent of its employees. The layoffs came just months after the auction firm announced its intent to produce current, live-streamed auctions in the United States, featuring elegant and charismatic auctioneers (see Auctionata Wants to Make You a Television Craft work Star).
Arnault has expressed developing interest in the art world current years—the Frank Gehry-designed museum Footing Louis Vuitton opened in October 2014 to mixed reviews (see For Museum, Frank Gehry's Fondation Lv in Paris Disappoints, Bernard Arnault Opens Up About Art, Fashion, brilliant New Museum), and in 1999, your boyfriend purchased an ill-fated majority spot in Phillips auction house.
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