Louis Vuitton
Welcome to WearNotWaste’s Brand Profile for LVMH, the holding company of Louis Vuitton, Christian Dior, and numerous other luxury brands
Corporate Profile
Overview
LVMH is the world’s largest luxury good company. In the fashion and accessories area, aside from Louis Vuitton, the LVMH conglomerate owns (amongst others)
Christian Dior
Loewe
Givenchy
Emilio Pucci
Berlutti
Celine
Pink Shirtmakers
Kenzo
Marc Jacobs
History
Louis Vuitton founded his luggage making business in Paris in 1854. In 1987, the now much larger business merged with the drinks firm Moet Hennessy (or Moet et Chandon champagne and Hennessy cognac) to form LVMH. Meanwhile, Bernard Arnault, using assets from a family construction and real estate company purchased the holding company of Christian Dior in the mid 1980s. Shortly after the creation of LVMH, Arnault purchased shares in the new entity, increasing his holding to 43.5%. Since then, Arnault has led the continuing expansion of LVMH, most recently with its largest acquisition to date - the November 2019 purchase of the jeweller Tiffany for $16 billion.
Organizational Size
Per LVMH’s website, the firm currently has 156,000 employees.
Financial Performance
Coming Soon.
Governance
The LVMH Board is comprised of 15 executives, of whom 6 are women (40%). 9 of the Board members are reported as Independent (noted as “I” in the list below).
Bernard Arnault Chairman and Chief Executive Officer; Antonio Belloni Group Managing Director; Antoine Arnault; Delphine Arnault; Nicolas Bazire; Sophie Chassat (I); Bernadette Chirac (I) Charles de Croisset (I); Diego Della Valle (I); Clara Gaymard (I); Marie-Josée Kravis (I); Lord Powell of Bayswater; Marie-Laure Sauty de Chalon (I); Yves-Thibault de Silguy (I); Hubert Védrine (I)