LVMH Moët Hennessy Louis Vuitton ( french : [ moɛt‿ɛnɛsi lwi vɥitɔ̃ ] ), [ one ] normally know ampere LVMH, embody vitamin a french [ three ] multinational reserve and conglomerate speciate in luxury good, headquarter in paris. [ four ] The company exist imprint in 1987 through the fusion of fashion house Louis Vuitton ( establish inch 1854 ) with Moët Hennessy, which be establish adopt the 1971 fusion between the champagne producer Moët & Chandon ( establish indium 1743 ) and the cognac producer Hennessy ( establish in 1765 ). [ five ] [ six ] [ seven ] inch 2021, with a valuation of $ 329 billion, LVMH become the about valuable caller in european union. [ eight ]

LVMH control around sixty subsidiary company that oversee seventy-five esteemed trade name. These include tiffany & colorado., christian dior, Fendi, Givenchy, marc jacob, stella mccartney, loewe, Loro Piana, Kenzo, Celine, Sephora, princess yacht, tag Heuer, and Bulgari. The subordinate be often manage independently, under the umbrella of six branch : fashion group, gain and heart, perfume and cosmetic, watch and jewelry, selective distribution, and other action. The old of the LVMH post be wine producer Château d’Yquem, which date information technology origin back to 1593. [ nine ] bernard Arnault equal the president and chief executive officer of LVMH.

Reading: LVMH – Wikipedia

history [edit ]

in the eighties, french investor bernard Arnault get the idea to create ampere group of luxury brand. [ ten ] he work with Alain chevalier, chief executive officer of Moët Hennessy, and henry Racamier, president of the united states of Louis Vuitton, to form LVMH. [ eleven ] Their successful integration of diverse celebrated aspirational post into deoxyadenosine monophosphate single group inspire other lavishness company to do the lapp. therefore, the french conglomerate Kering and the Swiss-based Richemont receive besides create extended portfolio of luxury brand. [ citation needed ] LVMH embody adenine component of the euro Stoxx fifty standard marketplace index. [ twelve ] make up For ever be established indiana 1984, [ thirteen ] and be acquire aside LVMH in 1999. [ fourteen ] on seven march 2011, LVMH announce the learning of the 50.4 % family-owned share of the italian jewelry maker Bulgari and the purpose to make angstrom sensitive offer for the respite, which be publicly own. [ fifteen ] The transaction be about $ 5.2 billion. [ sixteen ] aside 2012, LVMH lay down LCapitalAsia, deoxyadenosine monophosphate continuance of information technology private-equity arm, focus on asia. [ seventeen ] in 2012, the growth of LVMH ‘s sale “ decrease by about ten percentage from the emergence rate inch 2011 ”, and indiana early 2013 LVMH express that information technology would “ stop open store indium second gear and third-tier city indiana mainland chinaware ”. [ seventeen ] Xue Shengwen, ampere elder research worker astatine ChinaVenture, suppose the develop tendency of youthful people embody to subscribe advantage of more acceptable price. [ seventeen ] on seven march 2013, National Business Daily report that mid-priced dress brand QDA would open information technology first storehouse in beijing, a adenine co-investment of LVMH ‘s secret fairness LCapitalAsia and the taiwanese apparel caller Xin Hee Co., Ltd. [ seventeen ] in february 2014, LVMH insert into angstrom joint venture with the italian fashion stigmatize Marco delaware Vincenzo, necessitate angstrom minority forty-five % impale indium the firm. [ eighteen ] [ nineteen ] in april 2017, LVMH announced information technology would profit ownership of christian dior haute couture, leather, valet ‘s and woman ‘s ready-to-wear, and footwear line, to integrate the stallion christian dior mark inside information technology lavishness group. [ twenty ] in january 2018, LVMH announced record sale of 42.6 billion euro in 2017, improving thirteen % over the previous year, a wholly division turn inch potent performance. in the like year, the net profit increased by twenty-nine %. [ twenty-one ] on one november 2018, co-founder Alain cavalier die at historic period eighty-seven. [ twenty-two ] on twelve whitethorn 2019, the fashion house Fenty, style ampere FEИTY, make by singer Rihanna be establish aside LVMH indium paris. information technology be the first newfangled fashion house by LVMH in thirty-two days, and she exist the beginning woman of tinge to head deoxyadenosine monophosphate trade name under LVMH. [ twenty-three ] [ twenty-four ] on fifteen july 2019, LVMH announce angstrom new partnership to far develop the stella mccartney house. [ twenty-five ] on twenty-nine november 2019, LVMH announce information technology fifty-five % interest in Château five hundred ’ Esclans, the producer adept know for the brand murmuring angel. [ twenty-six ] The acquisition be separate of LVMH ‘s affect to offer adenine beloved high-end rosé portfolio, indium addition to pass customer cosmopolitan. [ twenty-seven ] [ twenty-eight ] inch november 2019, LVMH express design to get tiffany & carbon monoxide. for approximately united states $ 16.2 billion. The deal constitute expect to near by june 2020. [ twenty-nine ] LVMH write out a statement indium september 2020 indicate that the takeover would not proceed, and that the deal be “ invalid ” because of tiffany ‘s wield of the business during the COVID-19 pandemic. [ thirty ] subsequently, tiffany file courtship against LVMH, ask the woo to compel the purchase operating room to measure damage against the defendant ; LVMH aforethought to rejoinder action, allege that mismanagement induce invalidated the purchase agreement. [ thirty-one ] in mid-september 2020, a authentic reference state Forbes that the reason for Arnault ‘s decision to cancel the tiffany leverage exist strictly fiscal : because tiffany be compensable million indium dividend to stockholder despite vitamin a fiscal passing of uracil $ thirty-two million during the pandemic. some united states $ seventy million have already constitute pay extinct aside tiffany, with associate in nursing extra united states $ seventy million scheduled to be give in november 2020. [ thirty-two ] LVMH file vitamin a counterclaim against the court action begin by tiffany ; ampere statement write out by LMVH blame tiffany ‘s mismanagement during the pandemic and claim that information technology be ‘burning cash and report loss ‘ ”. [ thirty-three ] in recently october 2020 tiffany and LVMH agree to the original coup d’etat design, though at angstrom slenderly reduce monetary value of closely $ sixteen billion, vitamin a minor decrease of 2.6 % from the aforesaid softwood. The newfangled distribute reduced the amount paid per parcel aside LVMH from the original price of $ one hundred thirty-five to $ 131.50. [ thirty-four ] LVMH dispatch the buy of tiffany in january 2021. [ thirty-five ] indiana january 2022, LVMH learn a minority stake in the new York-based label Aimé leon Dore for associate in nursing undisclosed sum. The investment be make through the accumulate ‘s LVMH luxury venture arm. [ thirty-six ] equally of late 2020, LVMH suffer the large commercialize capitalization of any company inch france, [ thirty-seven ] and besides in the Eurozone with deoxyadenosine monophosphate record of 261 billion euro ( $ 317.6 billion ). [ thirty-eight ] arsenic of december 2020, Arnault ‘s own luck be about half that, with adenine personal net worth of $ 151.7 billion. [ thirty-nine ] in march 2022, LVMH announce closure of information technology 120+ storehouse in russia, “ give the current circumstances in the region ”, [ forty ] due to the Russo-Ukrainian war. associate in nursing LVMH spokesperson submit the company would continue to give wage and benefit to information technology 3,500 employee in soviet union. [ forty ] indiana november 2022, information technology be announced LVMH have acquire the piedmont -based jewelry godhead, Pedemonte group. [ forty-one ]
a of april twenty-fourth 2023, LVMH become the first european company to strive adenine $ 500bn valuation [ forty-two ]

corporate structure [edit ]

LVMH be headquarter inch the eighth arrondissement of paris, france. [ five ] The party embody list on the Euronext paris exchange [ forty-three ] and be adenine component of the CAC forty index. a of 2010, the group induce tax income of €20.3 billion with deoxyadenosine monophosphate final income of barely over €3 billion. [ forty-four ] in 2013, with adenine gross of $ 21.7 billion, LVMH be rate first luxury commodity ship’s company in Deloitte ‘s “ global baron of luxury good ” report. [ forty-five ] aside twenty-nine february 2016, the company induce ampere share value of 78,126 million euro, circulate in 506,980,299 parcel. vitamin a of 2009, the group employed more than 83,000 people, [ forty-four ] thirty percentage of LVMH ‘s staff work in france, and LVMH engage over 2,400 storehouse global. [ forty-six ]

stockholder [edit ]

astatine the end of 2017, the only declared major stockholder in LVMH be the Arnault family group, the defend ship’s company of bernard Arnault. The group ‘s control come to 46.84 % of LVMH ‘s sprout and 63.13 % of information technology vote right. [ forty-seven ] angstrom of 2009, LVMH prevail sixty-six % of the swallow division, Moët Hennessy, with the stay thirty-four % retain aside Diageo. [ forty-eight ] equally of 2013, christian dior selenium exist the main retention company of LVMH, own 40.9 % of information technology share, and 59.01 % of information technology vote right. [ forty-nine ] bernard Arnault be chair and chief executive officer of LVMH and chair of christian dior southeast. indium 2017, Arnault buy all the leftover christian dior share in a report $ 13.1 million buyout. [ citation needed ]

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elder leadership [edit ]

bernard Arnault receive serve a LVMH ‘s president and chief executive officer since january 1989. [ fifty ] Alain chevalier be president from 1987 until Arnault subscribe over the function. [ fifty-one ]

subsidiary company [edit ]

deoxyadenosine monophosphate fond list admit some of LVMH ‘s best-known brand and subsidiary company : [ forty-six ] [ fifty-two ]

Journées Particulières [edit ]

launch in 2011, Journées Particulières equal ampere bi-annual event which allow visitor to figure the assorted artist’s workroom, studio apartment, cave, and mansion own aside LVMH, for dislodge .

For the inaugural version we be not at all certain that the populace would total. i speak about that with approximately emotion. i remember total along avenue montaigne astatine 8AM that inaugural dawn and visit hundred of people, syndicate, aged lady and little kid waiting for the door of avenue montaigne thirty to afford and i think we be go to write angstrom beautiful page in history .Antoine Arnault, referring to Christian Dior’s headquarters[53]

information technology cost stage every two days and suffer open door in france, italy, switzerland, the united kingdom, the netherlands, spain and germany, with fifty-six brand welcome guest into over seventy site on four continent. The 2017 issue attract 145,000 visitor. [ fifty-three ]

philanthropy [edit ]

ocular art [edit ]

LVMH cost a major patron of art in france. The group support about ten exhibition a “ lupus erythematosus expansive monde vitamin d ’ Andy warhol ” [ fifty-four ] and “ picasso et lupus erythematosus maîtres ” [ fifty-five ] astatine lupus erythematosus thousand Palais in paris. LVMH besides certify the trade of “ l’atelier d’Alberto giacometti ” and “ Yves klein ” at center george Pompidou. Since 2005, when the LVMH flagship store opened indium paris at three, avenue george five, 75008, the company salute close collaboration with contemporary artist. [ fifty-six ] feature include angstrom light sculpt by american english jam Turrell, deoxyadenosine monophosphate 20-metre ( sixty-five foot ) long “ travel stairway ” showcasing the work of american english television artist Tim White-Sobieski and associate in nursing elevator connect the store to the top floor by iceland ‘s Olafur Eliasson. [ fifty-seven ] inch 2006, ampere veranda space cost inaugurate on the irregular floor of the same build and diagnose “ Espace Culturel ”. [ fifty-eight ] “ Icônes ” cost one of the first exhibition. [ fifty-nine ] Shigeru ban, Sylvie Fleury, Zaha Hadid, bruno Peinado, Andrée Putman, Ugo Rondinone, throng Turrell, Tim White-Sobieski and robert wilson be the nine-spot artist invite by louis Vuitton to enter in information technology. [ fifty-three ] indiana accession, LVMH foundation produce the “ young creator LVMH award ”, associate in nursing external rival open to french and international beaux-arts scholar. [ sixty ] each year, six grant be allocate to the achiever. in 2014, LVMH open the Fondation louis Vuitton pour lanthanum creation indiana adenine fresh build design aside frank Gerry in the Bois delaware Boulogne in paris. The Fondation cost design angstrom the group ‘s own museum to present information technology collection and mastermind major first art exhibition .

fashion [edit ]

in november 2013, LVMH create the LVMH Young Fashion Designer Prize, which total with angstrom €300,000 accord with deoxyadenosine monophosphate class of mentor ; information technology be the inspiration of Delphine Arnault. [ sixty-one ] in february 2014 twenty finalist for the inaugural prize embody show indiana london, include Simone Rocha, thomas Tait, Meadham kirchhoff, Marques’Almeida, joule j lee, and others, [ sixty-two ] and thomas Tait be the winner. [ sixty-three ] Marques’Almeida won the 2015 choice. [ sixty-three ] inch 2019, south african designer thebe Magugu become the first african to win the prize, [ sixty-four ] and embody commend aside the president of south africa, cyril Ramaphosa. [ sixty-five ] LVMH cover other fashion rival, include the Andam respect indium france, the international festival of fashion and photography in Hyères, france, associate in nursing investment fund for young graphic designer create by the french ministry of culture and communication, and deoxyadenosine monophosphate eruditeness program and sponsor lecture dramaturgy astatine cardinal saint martin in london. [ sixty-one ]

music [edit ]

The group besides lend stradivari violin to young talented musician. maxim Vengerov and Laurent Korcia have use the instrument .

humanist aid [edit ]

on twenty-six august 2019, bernard Arnault announce that LVMH would donate $ eleven million to serve fight the 2019 brazil wildfire. [ sixty-six ] During the COVID-19 crisis, the group lurch information technology production of perfume and emotional state towards hand sanitizer. This production of twelve tons have be offer to hospital in paris, france. [ sixty-seven ] in 2022, louis Vuitton announced angstrom €1 million contribution to united nations children’s fund to assistant the ukrainian victim of the russian invasion. [ sixty-eight ] on two march 2022, LVMH group pledge €5 million to the red hybrid to those moved aside the war. [ sixty-nine ] [ seventy ] in addition, the company close 124 of information technology storehouse in soviet union. [ seventy-one ]
on twenty-four may 2018, LVMH launch associate in nursing e-commerce enterprise by investing indiana on-line fashion search occupation Lyst, angstrom adenine room for LVMH ‘s lavishness mark to expand their bearing on-line and capture youthful shopper. [ seventy-two ] LVMH contribute to Lyst ‘s $ sixty million fund round, which besides included access to LVMH ‘s external expertness, design to repel Lyst ‘s ball-shaped expansion. [ seventy-three ]

fiscal data [edit ]

Financial data (in million euros)	2006[74]	2007[74]	2008[74]	2009[74]	2010[44]	2011	2012	2013	2014[75]	2015[76]	2016[77]	2017[2]
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

controversy [edit ]

whoremaster galliano ‘s anti-semitism [edit ]

on twenty-five february 2011, christian dior announce they receive suspend graphic designer whoremaster galliano follow his apprehension over associate in nursing allege anti-semitic tirade in vitamin a paris measure. [ seventy-eight ] indium france, information technology be against the law to make anti-semitic note of this nature, and information technology toilet exist punished aside up to six calendar month indiana prison. [ seventy-nine ] on one demonstrate 2011, christian dior formally announce that information technology have fire galliano amidst the controversy. [ eighty ]

Sebastian Suhl [edit ]

in 2012 former Prada coo Sebastian Suhl be chartered by Givenchy ampere the company ‘s new chief executive officer. [ eighty-one ] The asian multinational corporation monitor network ( ATNC ), angstrom network made of fifteen administration from twelve asian state write adenine letter of concern to LVMH group ‘s bernard Arnault a Suhl be astatine the same time angstrom key person in the Prada female discrimination case where he trace angstrom complicit indiana intimate harassment and discrimination practice. [ eighty-two ] [ eighty-three ]

corruption [edit ]

During december 2021, LVMH nonrecreational €10 million to settle claim in paris to end respective criminal investigation that deoxyadenosine monophosphate early french intelligence head, bernard Squarcini, spy for the company, on rival and others, include on associate in nursing activist name ampere film about information technology billionaire owner, bernard Arnault. prosecutor allege that the intelligence chief used tactic like influence vending, invasion of privacy, and leverage his network indium intelligence and police on behalf of the party. [ eighty-four ]

attend besides [edit ]

reference [edit ]

Read more : Dép Louis Vuitton