Bernard Arnault Has Spent €215 Million Buying Dip in LVMH Stock

Billionaire Bernard Arnault has bought €215 million ($230 million) of LVMH shares since the luxury conglomerate’s disappointing earnings in late July contributed to a drop in the stock price.

Arnault’s Financiere Agache and Christian Dior SE vehicles began buying LVMH Moet Hennessy Louis Vuitton SE three days after the July 25 earnings report, French regulatory filings show. The stock has slumped 14 percent since then, weighed down by…