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FILE PHOTO:LVMH luxury group Chief Executive Bernard Arnault announces their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann. PARIS (Reuters) - Bernard Arnault, the billionaire behind luxury fashion group LVMH ( LVMH.PA ), has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men. Groupe Arnault and Lagardere Capital & Management (LCM) said in a joint statement that Groupe Arnault would buy a stake equivalent to around one-quarter of the share capital of LCM. Earlier this month, Lagardere ( LAGA.PA ) fended off activist fund Amber Capital’s attempt to replace the Lagardere supervisory board. Full story

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