Kering founder Pinault joins wave of SPAC investors
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Francois-Henri Pinault, Chairman and CEO of French luxury group Kering, attends the annual news conference of Kering at the company s headquarters in Paris
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PARIS (Reuters) - Francois Pinault, the French billionaire who founded Kering, the group behind Gucci, has invested in a special purpose acquisition vehicle (SPAC) set up by former Credit Suisse boss Tidjane Thiam, a spokeswoman said on Wednesday.
The investment by Pinault, first reported by Bloomberg, follows an eruption of new launches of SPACs or blank cheque companies in Europe after a boom in the United States.
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French billionaire Dassault dies in copter crash
March 8, 2021, 2:40 AM
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He was among the world s 500 richest people, with a fortune valued at 7.15 billion dollars.
The 69-year-old was the eldest son of late industrialist Serge Dassault.
Namesake firm Dassault Aviation builds Rafale fighters and Falcon business jets.
The family also owns France s Le Figaro newspaper.
Dassault was once seen as favourite to succeed his father as head of the family s holding.
But the role went to a former boss of the aerospace firm instead.
Since 2002 Dassault had been a lawmaker for the conservative Les Republicains party.
Paying tribute on Twitter, French president Emmanuel Macron said he was someone who never ceased to serve our country .