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Cipriani CEO puts LVMH on blast over alleged knock-off restaurant: 'I'm not flattered by imitation'
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Italian restaurateur Arrigo Cipriani, whose family legacy in authentic fine dining stretches across the globe, says he was stunned to learn that LVMH CEO Bernard Arnault, one of the richest men in the world, seemingly imitated his brand.
"I'm very surprised that he thought he was able to copy my soul. You cannot copy that. Absolutely, there is no way you can," the 89-year-old second-generation Cipriani CEO told Fox Business in an interview this week from the famous Harry's Bar in Venice that his late father Giuseppe Cipriani founded in 1931 and of which he was named after.
The alleged knock-off Arrigo Cipriani is referring to is Restaurant Cipriani in Saint-Tropez, which opened its doors on July 7. Despite the new digs bearing his family's well-known last name, Restaurant Cipriani in Saint-Tropez is not the product of Arrigo or his son, Giuseppe Cipriani, who is the chairman of Cipriani. Instead, it's owned by French luxury giant LVMH, of which billionaire Arnault is the chairman and CEO.
LVMH was allowed to open a restaurant with the name Cipriani thanks to a trademark the brand registered for in the EU in multiple categories, including hospitality.
Arrigo is understanding of LVMH's right to own a business with his family name, but his issue, he says, comes down to the finer details. He claims the new restaurant has ripped off the very precise elements his father Giuseppe and the generations after him successfully created: the logo, furniture, and design, down to the tableware, tablecloths, the chairs, and menu items.
WHO IS BERNARD ARNAULT?
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