Claude Arpels Explained

Claude Arpels Jr.
Alma Mater:Columbia University (BA, MBA)
Occupation:investor, entrepreneur
Known For:heir to the Van Cleef & Arpels fortune
Relatives:Julien Arpels (grandfather)
Louis Arpels (great-uncle)

Claude Arpels Jr. is a French-American businessman, and investor who is the heir to the Van Cleef & Arpels fortune. He also owned the Italian brands Borbonese and Alessandro Dell'Acqua.[1]

Biography

Arpels was born to Claude Arpels, son of Julien Arpels, who headed the American operations of Van Cleef & Arpels and helped the firm establish a presence on Fifth Avenue since 1939.[2]

At age 16, he was sent to Brunei by his mother, Malou, to sell jewelry to the Sultan of Brunei and his family.[3]

In 1991, Arpels graduated from Columbia University with a bachelor's degree in history and comparative religions. He then joined the family firm upon the death of his father and the retirement of his uncle, Phillippe Arpels, who served as president of the firm from 1985 to 1991.[4] [5] Arpels departed the firm in 1993 and returned to investment banking, working in Rothschild & Co's corporate finance department, and earned his M.B.A. from Columbia Business School.

In 1999, the family sold 80% of its stake in Van Cleef & Arpels to Richemont and Fingen SpA, a Florentine holding company, and retained a 20% stake.[6] Arpels returned to the firm to serve in management, tasked with restructuring the business.

In 2003, he sold the remaining 20% of the shares and focused his business on Italy, where he acquired the Redwall Group, a company that produces bags and accessories and owns Borbonese, a leather goods brand founded in Turin in 1910.[7] [8] He also bought 70% of Alessandro Dell'Acqua's eponymous fashion brand in 2003.[9] [10] [11] In 2005, Arpels sold his company after failing to turn a profit.[12]

He was the executive producer for On_Line, an independent film directed by Jed Weintrob, and premiered at the Sundance Film Festival in 2002.[13]

Arpels is currently an activist investor with Slow Money NYC, a company he founded that emphasizes patient capital and investing in local community as opposed to focusing on quarterly earnings and profit maximization.[14] He also serves the president of the board of directors of the International Contemporary Ensemble.[15]

Personal life

Arpels is married to Winsome Brown, a British-born actress and writer.[16] The couple has two children and lives in Tribeca.[17] Their loft, designed by Lee Mindel, has been a subject of many interior design and lifestyle magazines.[18] [19] [20] It was also the venue for Whole Foods CEO John Mackey's book launch party in 2013.[21]

References

  1. Web site: Ruhling. Nancy A.. 2009-03-18. Claude Arpels: On To New Business. live. 2021-08-29. Internet Archive. https://web.archive.org/web/20090318101331/http://www.lifestylesmagazine.com/website/past/stories/191/Lifestyle_05-2004_006.html. 2009-03-18.
  2. News: Ap. 1990-10-19. Claude Arpels Is Dead; Jeweler in U.S. Was 79. en-US. The New York Times. 2021-08-29. 0362-4331.
  3. Web site: 2012-12-05. Set In Style: Claude Arpels Jr. Cooper Hewitt, Smithsonian Design Museum. 2021-08-29. www.cooperhewitt.org. en-US.
  4. Web site: RELEASE: CHRISTIE'S TO PRESENT BLOCKBUSTER $40 MILLON SALE ON OCTOBER 20 IN NEW YORK. 2021-08-29. www.christies.com. en.
  5. Web site: Inc. M. Shanken Communications. Bejeweled History. 2021-08-29. Cigar Aficionado. en-US.
  6. Web site: Media Richemont acquires 60 per cent interest in Van Cleef & Arpels. 2021-08-29. www.richemont.com. en.
  7. Web site: Elkann. Ginevra. Book. 2021-08-29. Rizzoli New York. en-US.
  8. Web site: Redwall, Claude Arpels riparte da New York - Pambianconews notizie e aggiornamenti moda, lusso e made in Italy. live. 2021-08-29. Pambianconews. 14 June 2004 . it-IT. https://web.archive.org/web/20210829183936/https://www.pambianconews.com/2004/06/14/redwall-claude-arpels-riparte-da-new-york-9599/ . 2021-08-29 .
  9. Web site: Arpels Buys Out Majority in Alessandro Dell'Acqua WMido. 2021-08-29. www.wmido.com.
  10. Web site: Il Gruppo Richemont completa l'acquisizione di Van Cleef & Arpels. 2021-08-29. www.fashionmagazine.it. it.
  11. Web site: FashionModelDirectory.com. The FMD-. Alessandro Dell'Acqua - Fashion Brand Brands The FMD. 2021-08-29. The FMD - FashionModelDirectory.com.
  12. Web site: Private equity e creatività Borbonese esce dalla crisi - la Repubblica.it. 2021-08-29. Archivio - la Repubblica.it. 29 October 2007 . it.
  13. Web site: Harris. Dana. 2003-05-04. Indican goes 'On_Line'. 2021-08-29. Variety.
  14. Web site: 2017-06-26. Investing with the Principles of Slow Money: Q&A with Claude Arpels. 2021-08-29. Invest with Values. en-US.
  15. Web site: Board of Directors. 2021-08-29. International Contemporary Ensemble. en-US.
  16. News: Ceria. Melissa. 2002-08-25. GOOD COMPANY; The Odd Couple, in the Kitchen. en-US. The New York Times. 2021-08-29. 0362-4331.
  17. Web site: Arak. Joey. 2011-01-20. The Tribeca Loft Owner's Lament: My Fireplace is a Pollutant!. 2021-08-29. Curbed NY. en.
  18. News: Lewis. Christina S. N.. 2011-01-20. The Love Affair With the Fireplace Cools. en-US. The New York Times. 2021-08-29. 0362-4331.
  19. Web site: Betts. Kate. 2011-05-16. A Loft Made for Easy Living. 2021-08-29. ELLE Decor. en-US.
  20. Web site: 2004-11-01. Order, Achieved. 2021-08-29. Architectural Digest. en-US.
  21. Web site: 2013-05-14. Permission to Splurge: Whole Foods Isn't Just About Where You Buy Your Food; It's About Who You Think You Are. 2021-08-29. Observer. en-US.

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