Fashion tycoon Bernard Arnault accused of stranglehold over French business press

Arnault’s addition of leading weekly to stable of publications raises concerns about media ownership in France

He is known as the “wolf in cashmere” – the owner of the world’s biggest luxury group whose brands including Louis Vuitton, Dior and Tiffany have made him one of the world’s richest people.

But Bernard Arnault, a close friend of Donald Trump, is under fire from journalists’ unions in France for buying up almost all the country’s business and economic press.