Bernard Arnault, the world’s richest man, may be taking on Elon Musk, the second richest, to see who will lead the premium electric vehicle market—at least when it comes to exclusivity and brand cachet.
The Frenchman, head of luxury goods group LVMH, plans to help take niche English sports car brand Lotus public through a so-called SPAC deal in the latter half of this year.
In a statement published Tuesday, the Arnault-affiliated “blank check” investment vehicle L Catterton…
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