Bernard Arnault to Be Your Knight in Shining Vuitton

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epa02430168 Bernard Arnault, owner of LVMH group, arrives to the gala dinner hosted by President Nicolas Sarkozy and First Lady Carla Bruni Sarkozy to honor Chinese President Hu Jintao and Chinese First Lady Liu Yongqing, at Elysee Palace, in Paris, France, 04 November 2010. President Hu Jintao started today a 3 days state visit to France accompanied by his wife Liu Yongqing.  EPA/YOAN VALAT
epa02430168 Bernard Arnault, owner of LVMH group, arrives to the gala dinner hosted by President Nicolas Sarkozy and First Lady Carla Bruni Sarkozy to honor Chinese President Hu Jintao and Chinese First Lady Liu Yongqing, at Elysee Palace, in Paris, France, 04 November 2010. President Hu Jintao started today a 3 days state visit to France accompanied by his wife Liu Yongqing. EPA/YOAN VALAT Photo: YOAN VALAT/EPA/Corbis

According to WWD, the LVMH chairman and CEO will soon become a Knight Commander of the Most Excellent Order of the British Empire for his "services to business and the wider community in the U.K.," the Commonwealth office explained. Arnault can pick up his medal from the British Embassy in Paris. And along with it comes a new title, so the next time Libération — whom Arnault is suing for about $20,000, by the way — calls him a riche con, it's technically riche con, KBE (not Sir because he hasn't defected to Britain ... yet). Let's keep that in mind.