Jump to content

LVMH

From Wikipedia, the free encyclopedia
(Redirected from Lvmh)

LVMH Moët Hennessy Louis Vuitton SE
LVMH
FormerlyLVMH Moët Hennessy Louis Vuitton SA (1987-2015)
Company typePublic
ISINFR0000121014
IndustryLuxury goods
Predecessors
Founded3 June 1987; 37 years ago (1987-06-03)
Founders
Headquarters22 Avenue Montaigne
Paris, France[1]
Number of locations
6,097 stores (2023)[2]
Area served
Worldwide
Key people
Bernard Arnault (chairman and CEO)[3][4]
Stéphane Bianchi (Group Managing Director)[5]
Antoine Arnault (Director; CEO of Christian Dior SE)
Delphine Arnault (Director; CEO of Christian Dior Couture)[6]
Products
ServicesDepartment stores
RevenueIncrease €86.15 billion (2023)[2]
Increase €22.56 billion (2023)[2]
Increase €15.17 billion (2023)[2]
Total assetsIncrease €143.7 billion (2023)[2]
Total equityIncrease €62.70 billion (2023)[2]
Owners
Number of employees
213,000 (2023)[2]
SubsidiariesList of subsidiaries
Websitelvmh.com

LVMH Moët Hennessy Louis Vuitton SE (French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃]),[8] commonly known as LVMH, is a European multinational holding company and conglomerate[9][10][11][12] that specializes in luxury goods and has its headquarters in Paris, France.[13] The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).[14][15][16] In April 2023, LVMH became the first European company to surpass a valuation of $500 billion.[17] In 2023, the company was ranked 47th in the Forbes Global 2000.[18]

LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Christian Dior Couture, Givenchy, Fendi, Celine, Kenzo, Tiffany, Bulgari, Loewe, TAG Heuer, Marc Jacobs, Stella McCartney, Sephora and Loro Piana. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. LVMH owns Les Echos-Le Parisien Group, its media subsidiary. The wine estate of Château d'Yquem, whose origins date back to 1593, is under LVMH ownership.[19] Bernard Arnault is the chairman, CEO and largest shareholder of LVMH, making him one of the richest people in the world as of 2024.

History

[edit]

In 1987, Moët Hennessy and Louis Vuitton merged to create LVMH. As a result of different visions for the future of the merged entity, Alain Chevalier and Henry Racamier, the respective leaders of the predecessor firms, started to fight. Racamier invited Bernard Arnault to invest in LVMH. Rapidly, Arnault succeeded in taking control of LVMH at the expense of the initial family owners. Contrary to what is often indicated, Arnault did not establish LVMH.[20]

The successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands.[citation needed] LVMH is a component of the Euro Stoxx 50 stock market index.[21]

Make Up For Ever was established in 1984,[22] and it was acquired by LVMH in 1999.[23]

On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned.[24] The transaction was about $5.2 billion.[25]

By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on Asia.[26] In early 2013, LVMH announced its co-investment of its private equity arm LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd.[26]

In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm.[27][28]

In 2016, L Catterton Asia and Crescent Point, two private equity firms backed by LVMH, bought a majority stake in GXG.[29]

In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, men's and women's ready-to-wear, and footwear lines to integrate the entire Dior brand within its luxury group.[30]

In January 2018, LVMH announced record sales of 42.6 billion euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased by 29%.[31] On 1 November 2018, co-founder Alain Chevalier died at age 87.[32]

a tall blue glass building with angles
The LVMH Tower in Midtown Manhattan, with its bluish, gem-shaped, angulated glass facade

On 12 May 2019, the fashion house Fenty, styled as FEИTY, created by singer Rihanna, was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years, and she is the first woman of colour to head a brand under LVMH.[33][34] On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House.[35] On 29 November 2019, LVMH announced its 55% stake in Château d'Esclans, the producer best known for the brand Whispering Angel.[36] The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide.[37][38] In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020.[39] LVMH issued a statement in September 2020 indicating that the takeover would not proceed and that the deal was "invalid," citing Tiffany's mismanagement during the COVID-19 pandemic.[40] Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to countersuit, alleging that mismanagement had invalidated the purchase agreement.[41]

In mid-September 2020, a reliable source told Forbes that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled to be paid in November 2020.[42] LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LVMH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'".[43] In late October 2020, Tiffany and LVMH agreed to go back to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50.[44] As of late 2020, LVMH has the largest market capitalization of any company in France,[45] and also in the Eurozone with a record of 261 billion euros ($317.6 billion).[46] As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion.[47]

LVMH completed the purchase of Tiffany in January 2021.[48] In 2021, with a valuation of $329 billion, LVMH became the most valuable company in Europe.[49]

In January 2022, LVMH acquired a minority stake in the New York-based label Aimé Leon Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm.[50] In March 2022, LVMH announced the closure of its 120+ stores in Russia, pointing to "the current circumstances in the region",[51] subsequent to the Russian invasion of Ukraine. An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia.[51] In November 2022, it was announced LVMH had acquired the Piedmont-based jewelry maker Pedemonte Group.[52]

On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation.[53]

In November 2023, LVMH agreed to acquire the Los Angeles-based eyewear brand Barton Perreira for $80 million.[54]

In June 2024, LVMH acquired Swiza, the owner of L’Epée 1839,[55] a Swiss manufacturer known for high-end clocks and horological creations.[56] L’Epée 1839, based in Delémont, Switzerland, has been recognized for its watchmaking expertise since 1839. This acquisition highlights LVMH's focus on integrating unique craftsmanship and design within its luxury portfolio. L’Epée 1839 produces intricate clocks, including those with perpetual calendars and tourbillons, favored by various dignitaries and royal families.

Corporate structure

[edit]

LVMH is headquartered in the 8th arrondissement of Paris, France.[14]

The company is listed on the Euronext Paris exchange[57] and is a constituent of the CAC 40 index.

As of 2009, the group employed more than 83,000 people,[58] 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide.[59]

As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[58] In 2013, with a revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report.[60] By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares.

Shareholders

[edit]

As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo.[61]

As of 2013, Christian Dior SE was the leading holding company of LVMH, owning 40.9% of its shares and 59.01% of its voting rights.[62] Bernard Arnault is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buyout.[63]

At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights.[64] This significant share held by the Arnault Family Group not only underscores their influential role in the strategic direction of LVMH but also highlights the consolidation of control within family-held enterprises in the luxury sector.

Senior leadership

[edit]

Bernard Arnault has served as LVMH's chairman and CEO since January 1989.[65] Alain Chevalier was chairman from 1987 until Arnault took over the role.[66]

In 2024, Stéphane Bianchi is appointed LVMH Group Managing Director, responsible for strategic and operational management of the Group Maisons. He also oversees the Regions Presidents, and the Digital and Data Transformation of the Group. He is also the Chairman of the LVMH Executive Committee. [67]

Media group

[edit]

In 2007, Arnault bought France's leading financial newspaper, Les Echos, from the British company Pearson for 240 million euros (US$262 million) after a negotiating period of four months.[68]

In 2015, LVMH bought the newspapers Le Parisien and Aujourd’hui en France from the Amaury Group. Marie-Odile Amaury, the group's owner, initially hoped for 200 million euros ($218 million) which were later revised to 150 million ($163 million) during a previous sale attempt, but a bid of 50 million euros ($54.5 million) was made.[69] The financial transaction was completed at the end of October 2015.[70]

In 2018, the Lagardère Group sold the stock market information website Boursier.com to Les Echos-Le Parisien Group.[71] In March 2018, Pierre Louette, former CEO of Agence France-Presse from 2005 to 2010, was named CEO of Les Echos-Le Parisien Group, succeeding Francis Morel, who had held this position for seven years.[72]

In 2022, Les Echos-Le Parisien Group acquired 75% of the share capital of the French polling and research institute OpinionWay, which has 140 employees.[73]

Les Echos-Le Parisien Group also acquired Radio Classique, Connaissance des Arts,[73] and Investir and bought 50% of Medici.tv as well as Mezzo TV and EuroArts.[74][75] Les Echos-Le Parisien Group is also present in business services represented by its subsidiaries, such as Netexplo, Les Echos Etudes, and Les Echos Publishing, as well as communication services for companies such as Les Echos-Le Parisien Partenaires and Pelham Media.[74] ChangeNow, Investir Day, and VivaTech (co-founded with Publicis) are subsidiaries whose objective is to offer trade shows and corporate events.[74]

On August 6, 2024, the Competition Authority grants authorization to LVMH for the acquisition of Paris Match.[76] The group purchased the French weekly publication Paris Match in October 2024.[77]

Subsidiaries

[edit]

A partial list, including some of LVMH's best-known brands and subsidiaries:[59][78]

E-commerce

[edit]

On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as a way for LVMH's luxury brands to expand their presence online and capture younger shoppers.[80] LVMH contributed to Lyst's $60 million funding round, which also included access to LVMH's international expertise, designed to drive Lyst's global expansion.[81]

On 22 May 2024, LVMH announced that it would expand its partnership with Alibaba to increase its presence in China.[82][83]

Financial data

[edit]
Financial data (in million euros) 2006[84] 2007[84] 2008[84] 2009[84] 2010[58] 2011 2012 2013 2014[85] 2015[86] 2016[87] 2017[88]
Sales 15,306 16,481 17,193 17,053 20,320 23,659 28,103 29,016 30,638 35,664 37,600 42,636
Net profit (before minority interests) 2,160 2,331 2,318 1,973 3,032 3,065 3,909 3,947 6,105 4,001 4,363 5,616
Total equity 11,594 12,528 13,887 14,785 18,204 23,512 25,666 27,907 23,003 25,799 27,903 30,260
Financial data (in million euros) 2018[89] 2019[89] 2020[89] 2021[89] 2022[89] 2023[89]
Sales 46,826 53,670 44,651 64,215 79,184 86,153
Net profit (before minority interests) 6,354 7,171 4,702 12,036 12,036 15,174
Total equity 33,957 38,365 38,829 48,909 56,604 62,701

Sales by region

[edit]

LVMH made 27% of its 2022 revenue from sales in the Americas. 30% of its sales revenue came from Asia excluding Japan.[90]

Region 2022ê Sales in €million [91] in %
Asia (excluding Japan) 26,577 30.8 %
United States 21,764 25.3%
Europe (excluding France) 14,145 16.4%
France 6,830 7.9%
Japan 6,314 7.3%
Other countries 10,523 12.2%

Philanthropy, sponsorships and events

[edit]

Visual arts

[edit]

LVMH is a major patron of art in France. The group supported about ten exhibitions as "Le grand monde d’Andy Warhol"[92] and "Picasso et les maîtres"[93] at le Grand Palais in Paris. LVMH also endorsed the patronage of "l'atelier d'Alberto Giacometti" and "Yves Klein" at Centre Georges Pompidou.

Since 2005, when the LVMH flagship store opened in Paris at 3, avenue George V, 75008, the company presented close collaborations with contemporary artists.[94] Features included a light sculpture by American James Turrell, a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's Olafur Eliasson.[95]

In 2006, a gallery space was inaugurated on the second floor of the same building and named "Espace Culturel".[96] "Icônes" was one of the first exhibitions.[97] Shigeru Ban, Sylvie Fleury, Zaha Hadid, Bruno Peinado, Andrée Putman, Ugo Rondinone, James Turrell, Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it.[98]

In addition, LVMH foundation created the "young creators LVMH award", an international competition opened to French and international beaux-arts students.[99] Each year, six grants are allocated to the winners.

In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gehry in the Bois de Boulogne in Paris. The Fondation is designed as the Group's own museum to present its collections and organize major world-class art exhibitions.

Fashion

[edit]

In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a €300,000 grant with a year of mentoring; it was the brainchild of Delphine Arnault.[100] In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida, J JS Lee, and others,[101] and Thomas Tait was the winner.[102] Marques'Almeida won the 2015 prize.[102] In 2019, South African designer Thebe Magugu became the first African to win the prize,[103] and was commended by the President of South Africa, Cyril Ramaphosa.[104]

LVMH underwrites other fashion competitions, including the Andam prize in France, the International Festival of Fashion and Photography in Hyères, France, an investment fund for young designers created by the French Ministry of Culture and Communication, and a scholarship program and sponsored lecture theater at Central Saint Martins in London.[100]

Music

[edit]

The group also lends Stradivarius violins to young talented musicians. Maxim Vengerov and Laurent Korcia have used the instruments.

Humanitarian aid

[edit]

On 26 August 2019, Bernard Arnault declared that LVMH would donate $11 million to help fight the 2019 Brazil wildfires.[105]

During the COVID-19 crisis, the group shifted its production of perfume and spirits towards hand sanitizer. This production of 12 tons has been offered to hospitals in Paris, France.[106]

In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion.[107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war.[108][109] In addition, the company closed 124 of its stores in Russia.[110]

2024 Olympic Games

[edit]

LVMH sponsored the Paris 2024 Olympic and Paralympic Games as a premium partner.[111] The company spent €150 million to seal the partnership. Chaumet jewelry company was responsible for the design of the medals; one of LVMH's fashion houses, Berluti, dressed the French delegation; and Moët Hennessy provided its products for the events.[112] Also as part of the partnership, LVMH participated in the activities of French Popular Relief, a charity organization that facilitates access to sport for 1,000 children and young people aged 4 to 25 living in vulnerable situations.[111] The group sponsored athletes, which includes French swimmer Leon Marchand, and its beauty retailer Sephora sponsored the Olympic torch relay.[113]

Journées Particulières

[edit]

Launched in 2011, Journées Particulières (Particular Days) is a biennial event which allows visitors to enter the various ateliers, studios, caves, and mansions owned by LVMH, for free.

For the first edition we were not at all certain that the public would come. I speak about that with some emotion. I remember coming along avenue Montaigne at 8AM that first morning and seeing hundreds of people, families, elderly ladies and little kids waiting for the doors of avenue Montaigne 30 to open and I thought we are going to write a beautiful page in history.

— Antoine Arnault, referring to Christian Dior's headquarters[98]

It is staged every two years and has opened doors in France, Italy, Switzerland, the UK, the Netherlands, Spain and Germany, with 56 brands welcoming guests into over 70 sites on four continents. The 2017 issue attracted 145,000 visitors.[98]

Controversy

[edit]

John Galliano's anti-semitism

[edit]
Further information: John Galliano § Anti-semitic outbursts

On 25 February 2011, Christian Dior announced they had suspended designer John Galliano following his arrest over an alleged anti-semitic tirade in a Paris bar.[114] In France, it is against the law to make anti-semitic remarks of this nature, and it can be punished by up to six months in prison.[115] On 1 March 2011, Christian Dior officially announced that it had fired Galliano amidst the controversy.[116]

Sebastian Suhl

[edit]
Further information: Sebastian Suhl § Givenchy

In 2012 former Prada COO Sebastian Suhl was hired by Givenchy as the company's new CEO.[117] The Asian Transnational Corporation Monitoring Network (ATNC), a network made of 15 organizations from 12 Asian countries wrote a letter of concern to LVMH Group's Bernard Arnault as Suhl was at the same time a key person in the Prada Female Discrimination Case where he was described as complicit in sexual harassment and discrimination practices.[118][119]

Corruption

[edit]

During December 2021, LVMH paid €10 million to settle claims in Paris to end several criminal investigations that a former French intelligence chief, Bernard Squarcini, spied for the company, on competitors and others, including on journalist François Ruffin making a film about its billionaire owner, Bernard Arnault. Prosecutors allege that the intelligence chief used tactics like influence peddling, invasion of privacy, and leveraging his network in intelligence and police on behalf of the company.[120]

Fendi store openings 2023

[edit]

Fendi has been very active in building new flagship stores in several places like Doha and Amsterdam.[citation needed] It has been claimed that in 2023 Fendi had not paid, or had only partially paid, invoices from their suppliers, with some amounts remaining outstanding for over a year.[citation needed]

See also

[edit]

References

[edit]
  1. ^ "LVMH MOET HENNESSY LOUIS VUITTON". Infogreffe. Retrieved 9 October 2024.
  2. ^ a b c d e f g h "LVMH 2023 Financial Documents" (PDF). 31 December 2013. Archived (PDF) from the original on 10 March 2024. Retrieved 22 March 2024.
  3. ^ "Board of Directors – LVMH Group Governance". February 2024. Archived from the original on 27 January 2024. Retrieved 4 February 2024.
  4. ^ "Stéphane Bianchi GROUP MANAGING DIRECTOR". February 2024. Archived from the original on 4 February 2024. Retrieved 4 February 2024.
  5. ^ "LVMH GOVERNANCE". May 2024. Archived from the original on 31 May 2024. Retrieved 31 May 2024.
  6. ^ "Delphine Arnault, Chairman and Chief Executive Officer of Christian Dior Couture". February 2024. Archived from the original on 26 December 2023. Retrieved 4 February 2024.
  7. ^ "History". Christian Dior Finance website. Retrieved 1 November 2024.
  8. ^ a b "LVMH". Euronext Paris. Retrieved 10 December 2024.
  9. ^ "6 Companies Owned by LVMH (Moët Hennessy Louis Vuitton SE)". Investopedia. Archived from the original on 14 February 2023. Retrieved 14 February 2023.
  10. ^ Spencer, Mimosa. "French luxury groups to highlight sector's resilience as demand holds up for now". Reuters. Retrieved 17 September 2024.
  11. ^ Live News, France 24. "French luxury giant LVMH half-year net profit drops 14%". France 24. Retrieved 17 September 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ^ Profile, Forbes. "LVMH Moët Hennessy Louis Vuitton". Forbes. Retrieved 17 September 2024.
  13. ^ "LVMH Moët Hennessy Louis Vuitton". Greffe du tribunal de commerce de Paris. Archived from the original on 23 September 2023. Retrieved 9 September 2020.
  14. ^ a b "LVMH Moët Hennessy Louis Vuitton SA – Company History". Funding Universe. Archived from the original on 23 August 2011. Retrieved 30 June 2011.
  15. ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer – LVMH to take controlling stake in Bulgari". FT.com. Archived from the original on 14 July 2011. Retrieved 30 June 2011.
  16. ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index". LVMH.com. Archived from the original on 7 June 2011. Retrieved 30 June 2011.
  17. ^ Reid, Jenni (24 April 2023). "Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value". CNBC.com. CNBC. Archived from the original on 7 September 2023. Retrieved 16 October 2023.
  18. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  19. ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 29 January 2010
  20. ^ "Alain Chevalier, co-founder of LVMH, dies aged 87". Fashion United. 5 November 2018. Archived from the original on 26 August 2021. Retrieved 26 August 2021.
  21. ^ "Frankfurt Stock Exchange". Archived from the original on 8 February 2019. Retrieved 22 October 2015.
  22. ^ Wellington, Elizabeth (1 August 2013). "Mirror, Mirror: Joy! Make Up For Ever comes to King of Prussia". philly.com. Archived from the original on 4 March 2016. Retrieved 3 December 2013.
  23. ^ "Dany Sanz, pionnière du make-up". elle.fr. Archived from the original on 13 October 2016. Retrieved 3 December 2013.
  24. ^ Roberts, Andrew (7 March 2011). "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake". Bloomberg.com. Bloomberg. Archived from the original on 29 June 2011. Retrieved 24 October 2011.
  25. ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). "LVMH bags jeweler Bulgari in $5.2 billion deal". Reuters. Archived from the original on 29 April 2011. Retrieved 24 October 2011.
  26. ^ a b Kang, Xiaoxiao (7 March 2013). "LVHM investing in Chinese mid-priced clothing market". Morning Whistle. Archived from the original on 26 March 2013.
  27. ^ Astrid Wendlandt (24 February 2014). "LVMH invests in Italian brand Marco de Vincenzo". Reuters. Archived from the original on 24 September 2015. Retrieved 5 July 2021.
  28. ^ Socha, Miles (24 February 2014). "LVMH Takes Stake in Marco de Vincenzo". WWD. Archived from the original on 23 December 2014. Retrieved 24 February 2014.
  29. ^ Standard, The. "LVMH-backed label to widen portfolio". The Standard. Archived from the original on 8 September 2023. Retrieved 8 September 2023.
  30. ^ Hoang, Limei (25 April 2017). "LVMH Takes Control of Christian Dior in $13 Billion Deal". Business of Fashion. Archived from the original on 18 April 2021. Retrieved 29 March 2021.
  31. ^ "Luxury Group LVMH Cautious for 2018 Despite Record Profits". Archived from the original on 18 May 2021. Retrieved 21 January 2019.
  32. ^ "Alain Chevalier, Co-founder of LVMH, Dies at 87". 4 November 2018. Archived from the original on 23 September 2023. Retrieved 6 November 2018.
  33. ^ "Rihanna makes history with new label". 10 May 2019. Archived from the original on 28 May 2023. Retrieved 31 May 2019.
  34. ^ "Everything We Know About Rihanna's New Fenty Perfume". sqandal.com. 13 August 2021. Archived from the original on 13 August 2022. Retrieved 18 August 2022.
  35. ^ "Stella McCartney and LVMH announce a new partnership to further develop the Stella McCartney House". LVMH. 15 July 2019. Archived from the original on 28 November 2019. Retrieved 28 November 2019.
  36. ^ "LVMH buys into Whispering Angel". 29 November 2019. Archived from the original on 3 December 2019. Retrieved 3 December 2019.
  37. ^ "Moët Hennessy Buys Control of Luxury Rosé Leader Château d'Esclans". Wine Spectator. Archived from the original on 2 December 2019. Retrieved 3 December 2019.
  38. ^ "Château d'Esclans Côtes-de-Provence: The World Leader in Luxury Rosé Wines Joins Moët Hennessy". www.prnewswire.co.uk. Archived from the original on 3 December 2019. Retrieved 3 December 2019.
  39. ^ "LVMH Acquires Tiffany & Co. For $16.2 Billion". Forbes. 26 November 2019. Archived from the original on 3 August 2020. Retrieved 30 November 2019. LVMH will "develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons. We will be proud to have Tiffany sit alongside our iconic brands and look forward to ensuring that Tiffany continues to thrive for centuries to come"
  40. ^ "LVMH Says Tiffany's Handling of Pandemic invalidates deal". Market Screener. 10 September 2020. Archived from the original on 2 February 2022. Retrieved 11 September 2020.
  41. ^ "Grandmaster Bernard Arnault looks to the Tiffany endgame". 247 News. Archived from the original on 18 May 2021. Retrieved 12 September 2020.
  42. ^ "Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic Dividends Despite $32 Million In Losses". Forbes. Archived from the original on 18 May 2021. Retrieved 16 September 2020.
  43. ^ "LVMH files countersuit against Tiffany over US$14.5B deal". CTV News. 29 September 2020. Archived from the original on 1 October 2020. Retrieved 1 October 2020.
  44. ^ "LVMH agrees to buy Tiffany for lower price". The Washington Post. Archived from the original on 4 November 2020. Retrieved 30 October 2020.
  45. ^ "Tiffany Agrees To Accept Lower Price For Acquisition By LVMH". Business Insider. 29 October 2020. Archived from the original on 9 October 2021. Retrieved 29 October 2020.
  46. ^ "LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (LVMUY : OTCMKTS) Stock Price & News - Google Finance". www.google.com. Archived from the original on 27 January 2021. Retrieved 31 December 2020.
  47. ^ "Bernard Arnault & family". Forbes. Archived from the original on 5 September 2017. Retrieved 31 December 2020.
  48. ^ Piscioneri, Francesca (26 January 2021). "More carats and sparkle: How LVMH plans to change Tiffany". Reuters. Archived from the original on 18 May 2021. Retrieved 29 March 2021.
  49. ^ Cormack, Rachel (2 March 2021). "At $329 Billion, LVMH Is Now the Most Valuable Company in Europe". Robb Report. Archived from the original on 21 May 2021. Retrieved 21 May 2021.
  50. ^ "LVMH acquires stake in New York-based label Aimé Leon Dore | The Industry Fashion". 18 January 2022. Archived from the original on 18 January 2022. Retrieved 18 January 2022.
  51. ^ a b Maheshwari, Sapna (4 March 2022). "Luxury giants LVMH and Hermès will close stores in Russia temporarily". The New York Times. ISSN 0362-4331. Archived from the original on 15 August 2022. Retrieved 15 August 2022.
  52. ^ Shoaib, Maliha (25 November 2022). "LVMH acquires jewellery producer Pedemonte Group". Vogue Business. Archived from the original on 26 November 2022. Retrieved 26 November 2022.
  53. ^ Ponthus, Julien (24 April 2023). "LVMH's Market Value Surpasses $500 Billion, a First in Europe". Bloomberg News. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  54. ^ Frank, Robert (6 November 2023). "LVMH buys eyewear brand Barton Perreira as it looks to rebound from luxury slowdown". CNBC. Archived from the original on 6 November 2023. Retrieved 6 November 2023.
  55. ^ Singh, Prachi (26 June 2024). "LVMH acquires high-end Swiss clock maker L'Epée 1839". FashionUnited. Retrieved 27 June 2024.
  56. ^ "LVMH strengthens its Watches Division with the acquisition of L'Epée 1839". LVMH. 25 June 2024. Retrieved 27 June 2024.
  57. ^ "LVMH". European Equitites. Archived from the original on 30 January 2013. Retrieved 12 December 2012.
  58. ^ a b c "Annual Report 2010" (PDF). LVMH.com. Archived from the original (PDF) on 6 April 2024. Retrieved 4 February 2012.
  59. ^ a b LVMH First half 2009 interim report Archived 24 August 2009 at the Wayback Machine LVMH Retrieved 29 January 2010
  60. ^ "Deloitte Global Powers of Luxury Goods 2014 report" (PDF). Archived from the original (PDF) on 17 June 2015.
  61. ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). "LVMH denies being in Moët sale talks with Diageo". The Times. London. Archived from the original on 6 June 2022. Retrieved 6 June 2022.
  62. ^ "Organizational chart as of April 30, 2013". Dior. Archived from the original on 17 December 2013. Retrieved 12 April 2016.
  63. ^ Prasad, Manoj (14 April 2023). "In 2017, Arnault Bought all Christian Dior Shares for $13.1 Billion". 𝐁𝐞𝐬𝐭𝐫𝐚𝐭𝐞𝐝𝐬𝐭𝐲𝐥𝐞. Archived from the original on 9 June 2023. Retrieved 22 July 2023.
  64. ^ "LVMH – Financial Report 2017" (PDF). LVMH. p. 4. Archived from the original (PDF) on 29 January 2018. Retrieved 30 March 2018..
  65. ^ "Members of the Executive Committee of the LVMH Group" (PDF). Archived (PDF) from the original on 3 November 2022. Retrieved 30 June 2022.
  66. ^ Greenhouse, Steven (17 December 1989). "A Luxury Fight to the Finish". New York Times. Archived from the original on 17 July 2020. Retrieved 30 June 2022.
  67. ^ "Stéphane Bianchi GROUP MANAGING DIRECTOR". February 2024. Archived from the original on 4 February 2024. Retrieved 4 February 2024.
  68. ^ "LVMH buys Les Echos from Pearson". BBC News. 5 November 2007. Archived from the original on 29 November 2014. Retrieved 25 June 2023.
  69. ^ Delcambre, Alexis (26 May 2015). "LVMH va tenter le mariage du 'Parisien' et des 'Echos'" [LVMH will attempt the marriage of 'Parisien' and 'Echos']. Le Monde (in French). Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  70. ^ Woitier, Chloé (30 October 2015). "Les Échos bouclent le rachat du Parisien" [Les Echos complete the takeover of the Parisian]. Le Figaro (in French). Archived from the original on 22 August 2023. Retrieved 25 June 2023.
  71. ^ "Lagardère poursuit son recentrage et vend Boursier.com" [Lagardère continues its refocusing and sells Boursier.com]. L'Express (in French). Agence France-Presse. 8 November 2018. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  72. ^ Manière, Pierre (8 March 2018). "Pierre Louette devient PDG du groupe Les Echos-Le Parisien" [Pierre Louette becomes CEO of the Les Echos-Le Parisien group]. La Tribune (in French). Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  73. ^ a b "Le groupe Les Echos-Le Parisien prêt à acquérir OpinionWay" [Les Echos-Le Parisien group ready to acquire OpinionWay]. Le Figaro (in French). Agence France-Presse. 26 July 2022. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  74. ^ a b c P.L. (26 July 2022). "Le groupe Les Echos-Le Parisien ..." [Les Echos-Le Parisien group ready to acquire the OpinionWay polling institute]. BFM TV (in French). Agence France-Presse. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
  75. ^ "French media group acquires EuroArts". 12 October 2021. Archived from the original on 21 July 2023. Retrieved 21 July 2023.
  76. ^ "Les projets de LVMH pour Paris Match". La Lettre. 28 August 2024. Retrieved 28 August 2024.
  77. ^ Carabin, Aurélie; Williams, Stuart. "LVMH's Bernard Arnault acquires glossy French weekly Paris Match for €120 million". Fortune Europe. Retrieved 1 November 2024.
  78. ^ "Houses". LVMH. Archived from the original on 18 September 2023. Retrieved 19 August 2021.
  79. ^ Gabay, Elizabeth (16 February 2023). "LVMH expands Provence rosé offering by acquiring Château Minuty". Decanter. Archived from the original on 5 August 2023. Retrieved 5 August 2023.
  80. ^ www.ETRetail.com. "Vuitton owner LVMH makes e-commerce push with Lyst investment - ET Retail". ETRetail.com. Archived from the original on 29 May 2018. Retrieved 29 May 2018.
  81. ^ "LVMH Leads $60 Million Lyst Injection". The Business of Fashion. 24 May 2018. Archived from the original on 28 May 2018. Retrieved 29 May 2018.
  82. ^ "LVMH redefines Luxury Retail Experience in China with a new extended partnership with Alibaba". LVMH. 22 May 2024. Retrieved 12 June 2024.
  83. ^ "LVMH deepens partnership with Alibaba to boost tech presence in China". Reuters.
  84. ^ a b c d "A solid performance in a contrasting economic environment" (PDF). LVMH. Archived from the original (PDF) on 2 March 2012. Retrieved 12 December 2012.
  85. ^ "Annual Report 2014" (PDF). LVMH.com. Archived (PDF) from the original on 4 March 2016. Retrieved 5 January 2018.
  86. ^ "Annual Report 2015" (PDF). LVMH.com. Archived (PDF) from the original on 12 July 2016. Retrieved 5 January 2018.
  87. ^ "Annual Report 2016" (PDF). LVMH.com. Archived (PDF) from the original on 28 February 2017. Retrieved 5 January 2018.
  88. ^ "Annual Report 2021" (PDF). LVMH.com. Archived (PDF) from the original on 2 June 2022. Retrieved 29 January 2022.
  89. ^ a b c d e f "LVMH Moet Hennessy Louis Vuitton Umsatz, Kennzahlen, Bilanz/GuV". Finanzen.net (in German).
  90. ^ "LVMH flags strong Chinese rebound, U.S. slowdown". Reuters.
  91. ^ "LVMH: Shareholders Board Members Managers and Company Profile | FR0000121014 | MarketScreener". www.marketscreener.com. Retrieved 19 March 2024.
  92. ^ "Présentation de l'expo Warhol". Rmn.fr. Archived from the original on 13 December 2011.
  93. ^ "LVMH, mécène de l'exposition". Rmn.fr. Archived from the original on 21 July 2009.
  94. ^ "Exclusively for the Champs-Elysees". Archived from the original on 7 July 2017. Retrieved 7 November 2015.
  95. ^ "BlouinARTINFO". Archived from the original on 11 March 2016. Retrieved 7 November 2015.
  96. ^ "Espace Culturel". Archived from the original on 11 February 2016. Retrieved 7 November 2015.
  97. ^ "Louis Vuitton s'est associé à neuf créateurs". Le Figaro. Archived from the original on 4 March 2016.
  98. ^ a b c Deeny, Godfrey (12 October 2018). "Antoine Arnault kicks off the Journées Particulières of LVMH". Fashion Network. Archived from the original on 13 November 2021. Retrieved 13 November 2021.
  99. ^ "Prix LVMH des jeunes créateurs". Artefact Paris. Archived from the original on 6 April 2016.
  100. ^ a b Miles Socha (21 November 2013). "LVMH to Establish Global Fashion Prize". WWM. Archived from the original on 23 December 2014. Retrieved 21 November 2013.
  101. ^ Socha, Miles (13 February 2014). "Delphine Arnault Unveils LVMH Prize Finalists". WWD. Archived from the original on 7 October 2015. Retrieved 13 February 2014.
  102. ^ a b Friedman, Vanessa (22 May 2015). "Marques'Almeida Wins 2015 LVMH Prize". The New York Times. Archived from the original on 16 December 2020. Retrieved 24 May 2015.
  103. ^ Paton, Elizabeth (4 September 2019). "Thebe Magugu Wins LVMH Prize for Young Designers". The New York Times. Archived from the original on 19 October 2022. Retrieved 19 October 2022.
  104. ^ "President Cyril Ramaphosa gives nod to Thebe Magugu's work, after amazing debut at Paris Fashion Week". 28 February 2020. Archived from the original on 20 October 2022. Retrieved 20 October 2022.
  105. ^ Dawkins, David. "Bernard Arnault's LVMH Donates $11 Million To Fight Amazon Wildfires". Forbes. Archived from the original on 27 August 2019. Retrieved 27 August 2019.
  106. ^ Abboud, Leila (19 March 2020). "Inside the factory: how LVMH met France's call for hand sanitiser in 72 hours". Financial Times. Archived from the original on 20 March 2020. Retrieved 20 March 2020.
  107. ^ Rhonda Richford (4 March 2022). "Louis Vuitton Donates to UNICEF for Ukraine Relief Efforts". WWD. Archived from the original on 7 March 2022. Retrieved 8 March 2022.
  108. ^ Kati Chitrakorn (2 March 2022). "LVMH pledges €5 million to Ukrainian relief, following Kering brands". Vogue Business. Archived from the original on 5 March 2022. Retrieved 8 March 2022.
  109. ^ Miles Socha, Luisa Zargani (2 March 2022). "Fashion Industry Joins Relief Efforts to Help Ukrainian Refugees". WWD. Archived from the original on 7 March 2022. Retrieved 8 March 2022.
  110. ^ Maheshwari, Sapna (4 March 2022). "Luxury giants LVMH and Hermès will close stores in Russia temporarily". The New York Times. ISSN 0362-4331. Archived from the original on 15 August 2022. Retrieved 18 April 2022.
  111. ^ a b "LVMH to sponsor the 2024 Olympic Games in Paris". Vogue Business. 24 July 2023. Archived from the original on 11 August 2023. Retrieved 8 August 2023.
  112. ^ "Luxury group LVMH joins top-tier French sponsors of the 2024 Paris Olympics and Paralympics". Independent. Archived from the original on 26 July 2023. Retrieved 25 February 2024.
  113. ^ "LVMH strikes Paris Olympic Games sponsorship deal". Reuters. 24 July 2023. Archived from the original on 10 August 2023. Retrieved 8 August 2023.
  114. ^ "John Galliano suspended by Dior following arrest over 'anti-semitic rant' - Telegraph". 1 March 2011. Archived from the original on 1 March 2011. Retrieved 29 October 2021.
  115. ^ "John Galliano anti-Semitic rant caught on video; Slurs on camera 'I love Hitler'". New York Daily News. 2 March 2011. Archived from the original on 2 March 2011. Retrieved 29 October 2021.
  116. ^ "Galliano fired after reportedly praising Hitler in rant - TODAY Fashion & Beauty - TODAYshow.com". 4 March 2011. Archived from the original on 4 March 2011. Retrieved 29 October 2021.
  117. ^ "Sebastian Suhl is part of the BoF 500". The Business of Fashion. Archived from the original on 29 October 2021. Retrieved 29 October 2021.
  118. ^ "Against LVMH Group on appointing Sebastian Suhl as COO of Givenchy while the candidate is in the case of sexual harassment and discrimination case in Prada Japan and Prada Luxemburg". ATNC Monitoring Network. 8 May 2012. Archived from the original on 22 October 2021. Retrieved 29 October 2021.
  119. ^ Koedo, Shizuko (6 June 2014). "Alternative Report to the Human Rights Committee for the Consideration of the Sixth Periodic : Japan" (PDF). OHCHR. Archived (PDF) from the original on 4 March 2022. Retrieved 4 November 2021.
  120. ^ Abboud, Leila (16 December 2021). "LVMH settles corruption claims linked to former French spy chief". The Financial Times. Archived from the original on 17 December 2021. Retrieved 17 December 2021.
[edit]
Wikimedia Commons has media related to Moët Hennessy Louis Vuitton.
Retrieved from "https://en.wikipedia.org/w/index.php?title=LVMH&oldid=1263917884"