Bernard Arnault Finds the Internet Useful

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In a luxury summit in Monte Carlo, LVMH chairman and chief executive Bernard Arnault said he was okay with Internet. That's right, fellow bloggers and web-heads, he likes us, he really likes us. “I don’t want to stop the Internet, I want to use it efficiently, to develop growth of brands, but in a safe way,” he said. He also said that despite its being used to sell counterfeit products, the web is good for reaching younger customers. [WWD]