>> Former British Prime Minister Tony Blair may soon have some say in the world's largest luxury group — LVMH. Although LVMH had no comment on the matter, the Telegraph UK reports a source close to Blair has confirmed that he is in the final stage of negotiation a position with the company. Blair and LVMH head Bernard Arnault are said to be close friends; Arnault has hosted Blair and his children numerous times at his various homes. Blair is expected to start consulting later this year:
Mr. Blair won’t be joining the board but he will be acting in an advisory role, working very closely with Mr Arnault. In particular, his job is likely to involve attracting new clients.
If the deal goes through, Blair would likely be paid a six-figure sum for his part-time role.