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LVMH, the world’s leading luxury products group, gathers 75 prestigious brands, with 86.2 billion euros revenue in 2023 and a retail network of over 6,000 stores worldwide. RELIVE ALL THE HIGHLIGHTS OF THE PARTNERSHIP BETWEEN PARIS 2024 AND LVMH.
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LVMH, the world’s leading luxury products group, gathers 75...
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LVMH is a multinational company that owns 75 luxury brands, such as Louis Vuitton, Dior, Tiffany, and Bulgari. It was founded in 1987 by Bernard Arnault, who is the world's 3rd richest person as of 2024.
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LVMH, multinational conglomerate headquartered in Paris that is the largest luxury goods group in the world. LVMH owns 75 luxury brands, including Louis Vuitton, Christian Dior, and Tiffany & Co. It is the only group whose subsidiaries span all five sectors of the luxury goods market: wines and spirits, fashion and leather goods, perfumes and cosme...
LVMH began in 1987 when Henri Recamier, then the head of Louis Vuitton, announced the merger of his company with Moët Hennessy. The latter was itself a merger, formed in 1971 between Moët & Chandon, a historic producer of champagne known especially for Dom Perignon, and Hennessy, a leading producer of cognac. Three years later Recamier was ousted from the company in a hostile takeover by Bernard Arnault, who became chairman and CEO of LVMH.
Arnault focused on increasing LVMH’s growth by acquiring existing companies and brands in various luxury sectors, including the French fashion houses Christian Lacroix, Givenchy, and Kenzo; the leather goods companies Loewe, Celine, and Berluti; the jeweler Fred Joaillier; the duty-free chain DFS Group; and the beauty retailer Sephora. He pursued this strategy so effectively that LVMH’s revenue increased 500 percent from 2005 to 2022, when it also announced annual profits of over €20 billion.
LVMH has nurtured a reputation for promoting creativity and artistic talent in the fashion market. In a 2014 interview with the management consulting firm McKinsey & Company, Pierre-Yves Roussel, then the CEO of the LVMH fashion group, described how the company sought out creatives who were able to innovate and keep iconic products relevant. Indeed...
Despite its successes, LVMH has not been without its scandals. From the very beginning of Arnault’s tenure, his aggressive style raised eyebrows and often led to vitriolic lawsuits, as when he ousted Recamier during LVMH’s earliest years and when he attempted to pull out of purchasing Tiffany & Co. during the height of the COVID-19 pandemic in 2020...
LVMH is the world's largest luxury goods group, founded in 1987 by Bernard Arnault. It owns 75 brands in five sectors, such as fashion, wines, and jewelry, and has faced scandals and lawsuits.
Nov 1, 2019 · From this tiny acquisition, Mr Arnault built LVMH over the past four decades into the world’s largest luxury group by revenues and became Europe’s richest man in the process.
- Harriet Agnew
Jan 26, 2023 · The world’s biggest luxury group LVMH raised its annual dividend by 20 per cent after delivering a second straight year of record sales and profits driven by its main brands Louis Vuitton and...
Find the latest LVMH Moët Hennessy - Louis Vuitton, Société Européenne (MC.PA) stock quote, history, news and other vital information to help you with your stock trading and investing.
Founded in 1987, LVMH was created by the merging of Moët Hennessy and Louis Vuitton, marking the beginning of a new era in luxury. Bernard Arnault has headed the Group since 1989 and is its majority shareholder with a clear vision: to make LVMH the world leader in luxury goods.
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