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LVMH
LVMH Moët Hennessy Louis Vuitton SE (), commonly known as LVMH, is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris, France. 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). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000. 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 i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LVMH Wordmark
LVMH Moët Hennessy Louis Vuitton SE (), commonly known as LVMH, is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris, France. 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). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000. 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 independen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernard Arnault
Bernard Jean Étienne Arnault (; born 5 March 1949) is a French businessman, investor, and art collector. He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is one of the richest individuals in the world; , he has an estimated net worth of billion according to ''Forbes'' and billion according to the '' Bloomberg Billionaires Index''. Born in Roubaix, Arnault was raised in a devoutly Catholic household. He pursued engineering at École polytechnique, graduating in 1971. He began his career in his father's company, Ferret-Savinel, shifting its focus to real estate, which laid the groundwork for his future career in the luxury goods market. Arnault's entry into the luxury sector was marked by his strategic acquisition in 1984 of the financially-struggling textile and retail conglomerate Boussac Saint-Frères, which included the prestigious fashion house Christian Dior. His aggressive business strategies earned him the nickname "The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dior
Christian Dior SE (), commonly known as Dior, is a French Multinational corporation, multinational luxury goods company that is controlled and chaired by French businessman Bernard Arnault, who also heads LVMH. , Dior controlled around 42% of the shares and 57% of the voting rights of LVMH. In addition, the Arnault family held a further 7% of the shares and 8% of the voting rights of LVMH as of that date. The original fashion house was founded by French designer Christian Dior in 1946 to make items. Clothing is now produced by Christian Dior Couture, which is a subsidiary of LVMH, whereas Christian Dior Societas Europaea, SE is a holding company that controls LVMH. Bernard Arnault's daughter, Delphine Arnault, has been the CEO of Christian Dior Couture since February 2023. Bernard Arnault's eldest son, Antoine Arnault, is the CEO of Christian Dior SE. History Founding The House of Dior was established on 16 December 1946 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis Vuitton
Louis Vuitton Malletier SAS, commonly known as Louis Vuitton (, ), is a French Luxury goods, luxury fashion house and company founded in 1854 by Louis Vuitton (designer), Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, perfumes, watches, jewellery, accessories, sunglasses and books. Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end department stores, and through the e-commerce section of its website. Louis Vuitton merged with Moët Hennessy in 1987 to create LVMH, of which it is a subsidiary. For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antoine Arnault
Antoine Arnault (; born 4 June 1977) is a French businessman who is the vice-chairman and CEO of Christian Dior SE. He is the second child and eldest son of billionaire Bernard Arnault, who controls LVMH Moët Hennessy Louis Vuitton. The Arnault family is the second-wealthiest in the world. Early life and education Arnault was born in Roubaix as the son of Bernard Arnault and his first wife, Anne Dewavrin. He is a graduate of HEC Montréal and INSEAD. Career Arnault started his career in the advertising department of Louis Vuitton. In 2005, he was nominated to the board of directors and became director of communications in 2007. Arnault created the "Core Values" campaign in 2012 featuring political figures (Mikhail Gorbachev), professional athletes (Muhammad Ali, Zinedine Zidane) and celebrities (Sean Connery, Francis Ford Coppola, Keith Richards). In 2008, Arnault was nominated to the editorial independence committee of '' Les Echos'', a major French daily journal and in 2009 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hennessy
Jas Hennessy & Cie., commonly known simply as Hennessy (), is a French producer of cognac, founded in 1765 by Richard Hennessy which has its headquarters in Cognac, France. It is one of the best-known cognac houses, along with Martell, Courvoisier, and Rémy Martin, who together make around 45% of the world's cognac. Hennessy sells approximately 102 million bottles of its cognacs per year, making it the world's largest cognac producer, and in 2017 its sales represented around 60% of the US cognac market. As well as distilling cognac ''eaux-de-vie'' itself, the company also acts as a ''négociant''. The brand is owned by Moët Hennessy since a champagne & cognac merger in the early seventies, which is in turn owned by LVMH (66%) and Diageo (34%), with Diageo acting as a controlling shareholder. Hennessy pioneered several industry-standard practices in the world of cognac, and its association with luxury has made it a regular point of reference in popular culture, especially in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delphine Arnault
Delphine Caroline Marie Arnault (; born 4 April 1975) is a French businesswoman who has been serving as the chairperson and chief executive officer of Dior, Christian Dior Couture since February 2023. Arnault is the daughter of Bernard Arnault. She is a director of LVMH and has been Executive Vice President of Louis Vuitton since 2013. Early life She is the elder child of Bernard Arnault from his first wife, Anne Dewavrin. She has a younger brother, Antoine Arnault, as well as three half-brothers from her father's second marriage, including Frédéric Arnault. Between the ages of seven and ten, Arnault and her family lived in New Rochelle, New York, where she and her brother attended a French-American school. She later earned degrees from the London School of Economics and EDHEC Business School (Ecole des Hautes Etudes Commerciales du Nord). In 1994, she was presented as a debutante at ''Le Bal des débutantes'' in Paris. Career Arnault began her career working at McKinsey & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Racamier
Henri Serge Racamier (June 25, 1912 – March 29, 2003) was a French industrialist and businessman. He was primarily known for co-founding the luxury conglomerate LVMH and turning Louis Vuitton into an internationally recognized brand with billions of dollars in sales. Life Racamier was born in Pont-de-Roide-Vermondans in the Franche-Comté region of France. His youngest brother was psychiatrist and psychoanalyst Paul-Claude Racamier. He was the son of an industrialist. After acquiring a business degree at HEC Paris, he started his career in the steel industry as he began to work for the Peugeot automotive factories in 1936. In 1946, he founded his own company, ''Stinox'', which he sold to Thyssen in 1977. With the assets gained through the sale, he took over the reins at Louis Vuitton the same year. He began to change the business model substantially, and turned the then small leather goods shops, into an international network of company operated shops worldwide to sell the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moët & Chandon
Moët & Chandon (), also known simply as Moët, is a French fine winery and part of the luxury goods company LVMH, LVMH Moët Hennessy Louis Vuitton SE. Moët et Chandon is one of the world's largest champagne producers and a prominent List of champagne producers, champagne house. Moët et Chandon was established in 1743 by Claude Moët, and today owns of vineyards, and annually produces approximately 28,000,000 bottles of champagne. History Moët et Chandon began as Moët et Cie (meaning "Moët & Co."), established by Épernay wine trader Claude Moët in 1743, and began shipping his wine from Champagne (wine region), Champagne to Paris. The reign of Louis XV of France, King Louis XV coincided with increased demand for sparkling wine. Soon after its foundation, and after son Claude-Louis joined Moët et Cie, the winery's clientele included nobles and aristocrats. In 1833, the company was renamed Moët et Chandon after Pierre-Gabriel Chandon de Briailles, Remy Moët's son-in- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with superior goods. Definition and etymology The word "luxury" derives from the Latin verb ''luxor'' meaning to overextend or strain. From this, the noun ''luxuria'' and verb ''luxurio'' developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. One definition in the OED is a "thing desirable but not necessary". A luxury good can be identified by comparing the demand for the good at one point in time agai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAC 40
The CAC 40 () () is a Benchmark (computing), benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market capitalization, market caps on the Euronext Paris (formerly the Paris Bourse). It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX index, AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. It is an index without dividends. Cotation operates every working day from 9:00 a.m. to 5:30 p.m. It is updated every 15 seconds. History The CAC 5 and the CAC 40 take their name from the Paris Bourse's early automation system Cotation Assistée en Continu (Continuous Assisted Quotation). CAC 5, inaugurated on 23 June 1986, was a version of the Toronto Computer Assisted Trading System, the first fully automated trading system. CAC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
