Here's Why The World's Richest Man Has Ditched His Plans To Build A Luxury Hotel In Beverly Hills

Here's Why The World's Richest Man Has Ditched His Plans To Build A Luxury Hotel In Beverly Hills

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Bernard Arnault, CEO and chairman of LVMH Moet Hennessy Louis Vuitton LVMHF, has decided to scrap his plans to build a luxury hotel in Beverly Hills. Beverly Hills residents voted against the project, Bloomberg reported on Friday. Although some votes still need to be counted, LVMH said that two…

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