The family of French luxury is in mourning. On Sunday, the president of the Republic has learned “with sadness” the death of Alain Chevalier, one of the founders of the LVMH group. The man, foot-black of Algeria, “has put his intelligence and talent in the service of the policy and of the industry, contributing his vision and his determination to install the France to the first place in the field of luxury,” wrote in a press release from the presidential palace.

Alain Chevalier founded the LVMH group with Henri Racamier, in 1987, from the merger of the companies Louis Vuitton and Moët Hennessy. “These groups, who gathered already, under his direction some of the most prestigious brands in the areas of wines and spirits, fashion, perfume and cosmetics, are marvellous ambassadors for elegance and French,” says the Elysée palace in its press release. The group is now headed by Bernard Arnault.

Emmanuel Macron welcomed as a ” man of culture and freedom “, a “visionary” devoid of the political parties to dedicate themselves ” to what he thought was right and true.” “It will remain a fine example of the intelligence and dignity. “