You never know what turns life can take in just a couple of years. Many tycoons and millionaires They managed to gather their fortunes in a few years thanks to their great vision and ability to make the right decisions at the right time. However, this same volatility may be what dooms your future forever.
This is what happened to one of the most important businesswomen in the world of fashion in the United States and Canada, which was on top of the world after find a niche audiencebut she was forced to leave the spotlight due to her personality and the poor management of her companies. This is the story of Louis Blouin.
Who is Louise Blouin
Louise Blouin is a businesswoman, philanthropist and canadian editorknown primarily for its influence in the world of art and media. He was born in a small town Quebec, Canadaand grew up surrounded by five siblings in a home where luxuries were not frequent. Over time, and based on his interest in fashion, he rose to the upper echelons of society and positioned himself as a magnate in the field.
She founded Louise Blouin Media, a company specializing in arts, culture and lifestyle publications, including magazines such as Art+Auction and Modern Painters. He is also behind the online platform Blouin Artinfo, which focuses on news and trends of the art market globally.
Why Louise Blouin Lost Everything
Despite having amassed a significant fortune and having remained alone throughout his several divorcesalways faced the difficulty of having a poor public image and with its employees. There was a rumor that she was very self-centered and that she mistreated the magazine staff, because apparently she always wanted to be the center of everything. Furthermore, people in his circle assure that did not take responsibility for the problems their companies faced.
The upward spiral of property and art purchases by the Blouin group became increasingly unsustainable. The first problems came in 2014, when the company had to close its offices in Chelsea for falling behind on rent, and Louise decided to terminate the contract.
As time went by, fewer and fewer employees wanted to be part of their group and they resigned from their positions. His methods of directing were increasingly questioned, criticizing his stance of “business woman” infallible and extremely intelligent who did not agree with his actions. Thus, the different debts with employees were accumulating, they even amounted to 715 thousand dollars that he announced that he did not have the possibility of paying. And if something was missing in his case, in In 2016, it was discovered that she was listed as the owner of five companies in the Virgin Islandsinformation published in the Panama Papers. This is how he slowly lost his credibility and his fortune.
What is the Hamptons property that should have been auctioned?
In 2014, Louise released “The Dune” for 140 million dollars. This property had a beautiful view of the sea, and two buildings within the land, one functioning as a central house and the second as a resting place. It extended over 4 acres, equivalent to more than 16 thousand km2 Although there were several buyers at that time, it was only recently sold. 9 years later.
mansion louise blouin.webp
On February 13, 2023, Blouin auctioned his imposing mansion in the hamptons. After declaring bankruptcy before a judge, the decision was made to sell the house, which was previously valued at 150 million dollars. However, the buyer offered 89 millionand the deal was accepted. Louise’s lawyers were not happy about the agreement, as this sum did not cover all of the businesswoman’s debts.
Currently, Louise’s situation has not improved much. They continue to maintain that there was a big operation behind falling popularityand that the arrangement to sell his mansion had suspicious movements. Furthermore, in a recent interview he assured that he was working on a book in which he would tell the story of his life and career and demonstrate that his detractors were wrong.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
