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2024-02-26 13:57:23

LVMH

French luxury conglomerate
LVMH
LVMH
French luxury conglomerate
LVMH, formed in 1987, owns 75 luxury brands including Louis Vuitton, Moët Hennessy, Tiffany & Co., Christian Dior. It is led by Bernard Arnault.
1593
Acquisition of Château d’Yquem by Sauvage Family
The Sauvage family acquires Château d’Yquem and transforms it into a renowned wine estate, establishing its exceptional reputation over generations.
1668
Dom Pérignon founded
Dom Pérignon, a brand of vintage Champagne, was created in 1668. It is named after a Benedictine monk who made important contributions to the production of Champagne.
1729
Ruinart Champagne Founded
Ruinart, with a legacy dating back to 1729, is one of the oldest Champagne houses, celebrated for its rich heritage and exceptional sparkling wines.
1743
Moët & Chandon founded
Moët & Chandon, a French fine winery and co-owner of the luxury goods company LVMH, was founded in 1743. It is famous for its champagne.
1765
Hennessy Cognac Founded
Hennessy, founded in 1765, has a long-standing legacy as one of the world's leading producers of Cognac, renowned for its exceptional quality and craftsmanship.
1772
Veuve Clicquot Founded
Veuve Clicquot, a renowned champagne house, was founded in 1772 by Philippe Clicquot. It is known for its high-quality champagne and innovative production techniques.
1780
Chaumet established
Chaumet, a renowned French jewelry and watchmaking house, was founded in 1780.
1828
Guerlain founded
Guerlain, a French perfume, cosmetics, and skincare house, was founded in 1828. It is one of the oldest and most prestigious perfume houses in the world.
1837
Tiffany & Co founded
Tiffany & Co, an American luxury jewelry and specialty retailer, was founded in 1837. It is renowned for its exquisite and timeless jewelry.
1838
Le Bon Marché founded
Le Bon Marché, a department store in Paris, was founded in 1838. It is known for its luxury goods and innovative retail concepts.
1843
Krug Champagne House established
Krug, established in 1843, is a prestigious Champagne house renowned for its exceptional and luxurious multi-vintage Champagnes.
1846
Loewe Founded
Loewe, a Spanish luxury fashion brand, was founded in 1846. It has been recognized for its exceptional leather craftsmanship and timeless designs, making it a prominent player in the fashion industry.
1849
Moynat Founded
Moynat, a historic French trunk maker, was founded in 1849. It has been celebrated for its exceptional craftsmanship and innovative designs, leaving a mark on the luxury leather goods industry.
1854
Louis Vuitton Founded
Louis Vuitton, one of the world's leading luxury fashion houses, was founded in 1854. It has set the standard for luxury travel goods and leather accessories, symbolizing timeless elegance and craftsmanship.
1858
Mercier Champagne House founded
Mercier, founded in 1858, is a historic Champagne house known for its high-quality and elegant Champagnes, representing the true essence of the region.
1860
TAG Heuer founded
TAG Heuer, a Swiss luxury watch brand, was established in 1860.
1865
Zenith watch brand founded
Zenith, a Swiss luxury watch brand, was established in 1865.
1884
Bulgari founded
Bulgari, an Italian luxury brand known for its jewelry, watches, and accessories, was founded in 1884.
1895
Berluti Founded
Berluti, a luxury menswear and shoemaking brand, was founded in 1895. It is known for its craftsmanship and high-quality leather goods, making it a prominent brand in the fashion industry.
1898
RIMOWA Founded in Cologne
In 1898, RIMOWA was founded in Cologne as a trunk and leather goods maker, known for its innovative and high-quality products. It later became the first German Maison to join the LVMH Group and is now a leading brand in premium luggage for discerning travelers.
1914
Patou Fashion House Established
Patou, a renowned French fashion house, was established in 1914. It has been known for its avant-garde designs and influential contributions to the fashion world, shaping the industry's creative landscape.
1920
Repossi jewelry brand established
Repossi, a high-end jewelry brand, was founded in 1920.
1921
The first commercial vintage of Dom Perigno produced
The first vintage of Dom Perignon was produced in 1921 and first sold in 1936 by Robert-Jean de Vogué. The 1921 vintage was the first commercially available brut prestige cuvee.
1924
Loro Piana Established
Loro Piana, an Italian luxury brand, was established in 1924. It is renowned for its exquisite cashmere and fine textiles, reflecting a tradition of quality and elegance in the fashion world.
1925
Fendi Founded
Fendi, an iconic Italian luxury fashion house, was founded in 1925. It has been celebrated for its innovative designs and contributions to the global fashion scene.
1936
Fred jewelry brand founded
Fred, a luxury jewelry brand, was established in 1936.
1945
Celine Established
Celine, a French luxury fashion brand, was established in 1945. It has been known for its timeless and elegant designs, contributing to the fashion industry's evolution.
1946
Christian Dior Fashion House Founded
Christian Dior, one of the most influential fashion houses, was founded in 1946. It has played a significant role in shaping the modern fashion landscape with its iconic designs and contributions to haute couture.
1946
LVMH
LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational luxury goods conglomerate established in 1946.
1947
Emilio Pucci Fashion House Established
Emilio Pucci, an Italian fashion house, was established in 1947. It is renowned for its vibrant prints and luxurious designs, leaving a lasting impact on the fashion industry.
1952
Givenchy founded
Givenchy, a French fashion and perfume house, was founded in 1952. It is known for its elegant and innovative designs.
1953
Hubert de Givenchy and Audrey Hepburn Partnership
In 1953, Hubert de Givenchy formed a close partnership with the iconic actress Audrey Hepburn, leading to a significant influence on fashion and culture.
1960
Audrey Hepburn becomes the first ambassadress in perfumery history
Hubert de Givenchy selects Audrey Hepburn to pose for an advertisement of L'Interdit, making her the very first ambassadress in the history of perfumery.
1969
Séphora founded
Séphora, a French multinational chain of personal care and beauty stores, was founded in 1969. It offers a wide range of beauty products and cosmetics.
1970
Kenzo Fashion House Established
Kenzo, a Japanese-French fashion house, was established in 1970. It has been known for its bold and artistic designs, contributing to the diversity of fashion expressions.
1971
Merger of Moët et Chandon and Jas. Hennessy & Company
Moët et Chandon merges with Jas. Hennessy & Company, the largest cognac producer in France, and is renamed Moët-Hennessy.
1973
Joseph Phelps Winery established
Joseph Phelps Vineyards, established in 1973, is a prominent winery in Napa Valley, California, known for its iconic Insignia Bordeaux-style blend.
1975
OLEHENRIKSEN brand established
OLEHENRIKSEN, a skincare brand, was founded in 1975.
1977
Moët & Chandon Expansion
Moët & Chandon, a prominent Champagne house, expanded its vineyard holdings in 1977, further solidifying its position as a leader in the Champagne industry.
1980
Hublot watch brand founded
Hublot, a Swiss luxury watchmaker, was founded in 1980.
1984
Bernard Arnault purchases Boussac
In 1984, Bernard Arnault purchased Boussac, the parent company of Christian Dior, after it filed for bankruptcy. He used $15 million from his family and $45 million from Lazard Frères to acquire the ailing textile empire, which included the Paris-based fashion house Dior. This marked the beginning of his journey to establish LVMH.
1985
Cloudy Bay Winery established
Cloudy Bay, established in 1985, is a renowned winery in New Zealand, known for its high-quality Sauvignon Blanc and Pinot Noir wines.
1987
Foundation of LVMH
LVMH, a French multinational luxury goods conglomerate, was founded in 1987.
1987-06
Merger of Louis Vuitton with Möet-Hennessy
In June 1987, Louis Vuitton merged with Möet-Hennessy, forming Möet-Hennessy Louis Vuitton (LVMH) and allowing Louis Vuitton to expand its luxury business investments.
1988
Givenchy joins LVMH Group
In 1988, Givenchy, a couture and ready-to-wear brand founded in 1952, became part of the LVMH Group. This acquisition contributed to the expansion of LVMH's portfolio of luxury brands.
1989
Bernard Arnault takes over LVMH group
In 1989, Bernard Arnault assumes control of the LVMH group, which owns Parfums Christian Dior, reuniting couture and perfumery.
1992
Louis Vuitton opens first store in Beijing
In 1992, Louis Vuitton opened its first store in Beijing, China, located inside the prestigious Peninsula hotel.
1993
LVMH acquires Berluti and Kenzo
In 1993, LVMH acquired the luxury fashion brands Berluti and Kenzo.
1994
Acquisition of Guerlain by LVMH
In 1994, the French perfume, cosmetics, and skincare brand Guerlain, which had been owned and managed by the Guerlain family since 1828, was acquired by LVMH, marking a significant change in ownership.
1994
Acquisition of Guerlain by LVMH
In 1994, the French perfume, cosmetics, and skincare brand Guerlain, which had been owned and managed by the Guerlain family since 1828, was acquired by LVMH.
1996
Integration of Céline into LVMH Group
In 1996, the Paris-based brand Céline, known for its ready-to-wear items, leather goods, shoes, and accessories, was integrated into the LVMH Group after Arnault's investment in the brand's capital in 1987.
1996
Integration of Céline into LVMH Group
In 1996, the Paris-based brand Céline, known for its ready-to-wear items, leather goods, and accessories, was integrated into the LVMH Group after Arnault's investment in 1987.
1997-07
Sephora acquired by LVMH
In July 1997, LVMH acquired the French cosmetics chain Sephora, founded in 1969. This acquisition led to the global expansion of Sephora under the LVMH umbrella.
1999-01-06
LVMH Acquires 5 Percent Stake in Gucci
On January 6, 1999, LVMH publicly announced the acquisition of a 5 percent stake in Gucci. LVMH chairman Bernard Arnault emphasized that it was a passive stake and expressed the intention of allowing Gucci to remain independent.
1999-01-26
LVMH Increases Stake in Gucci to 34.4 Percent
By January 26, 1999, LVMH had raised its stake in Gucci to 34.4 percent, indicating a significant increase in its ownership of the Gucci Group.
2000
Acquisition of Emilio Pucci by LVMH
In 2000, LVMH acquired a 67 percent ownership stake in the Italian fashion company Emilio Pucci, founded in Florence in 1947. Subsequently, LVMH bought the remaining 33 percent stake from the Pucci family in June 2021.
2001-12
LVMH Increases Ownership Stake in Fendi
In December 2001, LVMH purchased Prada's stake in Fendi, raising its ownership to 51 percent.
2002
Opening of LVMH House Training Center
In 2002, the London-based LVMH House, a training center for Group leaders, was established.
2003
STELLA by Stella McCartney launched
STELLA by Stella McCartney, a fashion brand, was established in 2003.
2005
First Carbon Assessment by Hennessy, Parfums Christian Dior, and Veuve Clicquot
In 2005, Hennessy, Parfums Christian Dior, and Veuve Clicquot conducted their first carbon assessment (Bilan carbone®).
2005
LVMH Reaches $20 Billion Milestone
In 2005, LVMH, under the leadership of Bernard Arnault, achieved a significant milestone by reaching $20 billion in revenue.
2006
Watches & Jewelry Division joins Responsible Jewellery Council
The Watches & Jewelry division becomes a member of the Responsible Jewellery Council (RJC), showcasing its commitment to responsible practices in the industry.
2007
Arnault's Acquisition of Les Echos
In 2007, Bernard Arnault purchased France's leading financial newspaper, Les Echos, from the British company Pearson for 240 million euros after a four-month negotiation period.
2009-05
LVMH acquires stake in EDUN
LVMH acquired 49 percent of EDUN, a company founded by Ali Hewson and Bono in 2005 to promote fair trade in Africa by sourcing production throughout the continent.
2010
LVMH Expansion in 2010
In 2010, LVMH focused on expanding its brand portfolio and global presence.
2010-10
LVMH Surprises Market with Increased Stake in Hermès
In October 2010, LVMH announced to much surprise in the market that it had acquired a cumulative 14.2 percent stake in Hermès.
2011-02-25
Suspension of John Galliano by Christian Dior
On 25 February 2011, Christian Dior announced the suspension of designer John Galliano following his arrest over an alleged anti-semitic tirade in a Paris bar. This led to his subsequent firing on 1 March 2011 amidst the controversy.
2011-03-07
Acquisition of Bulgari by LVMH
LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari on March 7, 2011.
2011-10-15
Les Journées Particulières
Les Journées Particulières is an event organized by LVMH, offering the public the opportunity to visit the workshops, vineyards, and other sites of the group's maisons, allowing them to discover the exceptional heritage and savoir-faire of the brands.
2012
Hiring of Sebastian Suhl by Givenchy
In 2012, former Prada COO Sebastian Suhl was hired by Givenchy as the company's new CEO. This hiring raised concerns as Suhl was described as complicit in sexual harassment and discrimination practices in the Prada Female Discrimination Case, leading to a letter of concern from the Asian Transnational Corporation Monitoring Network (ATNC) to LVMH Group's Bernard Arnault.
2013-03-07
Opening of QDA's first store in Beijing
On March 7, 2013, it was reported that mid-priced clothing brand QDA would open its first store in Beijing as a co-investment of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd.
2014-02
Joint venture with Marco De Vincenzo
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.
2015-12-31
LVMH distributes its stake in Hermès
Following an investigation and intervention by the French financial services watchdog and a French court, LVMH announced the distribution of its 23 percent stake in Hermès to its shareholders and institutional investors, agreeing not to buy more shares in Hermès for the next five years.
2016-02-29
LVMH Share Value
By 29 February 2016, LVMH had a share value of 78,126 million euros, distributed in 506,980,299 shares.
2016-10
LVMH acquires majority stake in Rimowa
In October 2016, LVMH purchased an 80 percent stake in Rimowa, a German luggage company founded in 1989, for 640 million euros.
2017-04
Announcement of gaining ownership of Christian Dior
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 Christian Dior brand within its luxury group.
2018
LVMH's Record-breaking Year
In 2018, LVMH, the luxury company led by Bernard Arnault, achieved its largest-ever revenue of $53.4 billion. This marked a notable nine percent increase from the previous year, contributing significantly to Arnault's rise in wealth and status.
2018-05-24
LVMH's e-commerce initiative with Lyst
On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, aiming to expand the presence of its luxury brands online and capture younger shoppers. LVMH contributed to Lyst's $60 million funding round and provided access to its international expertise to drive Lyst's global expansion.
2018-11-01
Death of Alain Chevalier
On November 1, 2018, co-founder Alain Chevalier died at age 87.
2019-05-12
Launch of Fenty by LVMH
On 12 May 2019, the fashion house Fenty, created by singer Rihanna, was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years, and Rihanna is the first woman of colour to head a brand under LVMH.
2019-07-15
Partnership with Stella McCartney House
On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House.
2019-08-26
LVMH Donates $11 Million to Fight Brazil Wildfires
On 26 August 2019, Bernard Arnault declared that LVMH would donate $11 million to help fight the 2019 Brazil wildfires, showcasing the company's commitment to humanitarian aid.
2019-11-25
LVMH announces agreement on acquisition of Tiffany & Co.
On November 26, 2019, LVMH confirmed its acquisition of Tiffany & Co. for a record-breaking $16.2 billion, marking the most expensive acquisition in LVMH’s history.
2019-11-29
Acquisition of Château d'Esclans
On 29 November 2019, LVMH announced its 55% stake in Château d'Esclans, the producer best known for the brand Whispering Angel, as part of its move to offer a high-end rosé portfolio and reach customers worldwide.
2020-09
Cancellation of Tiffany Acquisition
In September 2020, LVMH issued a statement indicating the cancellation of the takeover of Tiffany & Co. due to the company's mismanagement during the COVID-19 pandemic.
2020-10
Revised Acquisition Deal with Tiffany & Co.
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.
2021-01
Acquisition of Tiffany & Co.
LVMH completed the purchase of Tiffany & Co. in January 2021, adding the iconic jeweler to its portfolio.
2021-12
LVMH's settlement of corruption claims
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. The prosecutors alleged tactics like influence peddling, invasion of privacy, and leveraging networks in intelligence and police on behalf of the company.
2022-03-02
LVMH Group Pledges €5 Million to the Red Cross for War Affected
On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to support those affected by the war, showcasing the company's commitment to humanitarian aid during crises.
2022-04
LVMH opens Tiffany flagship store in Manhattan
In April, LVMH unveiled its highly anticipated Tiffany flagship store in Manhattan after a renovation.
2023
LVMH Sold More Bags and Perfume in 2023 Than France Sold Wine
In 2023, LVMH, a luxury goods conglomerate, sold more bags and perfume than the entire country of France sold wine. This demonstrates the significant market presence and sales volume of LVMH in the fashion and beauty industry.
2023-04-24
LVMH Reaches $500 Billion Valuation
On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation.
2024-01-29
Elon Musk loses title as world’s richest person to LVMH patriarch Bernard Arnault
On January 29, 2024, Elon Musk lost his title as the world’s richest person to LVMH patriarch Bernard Arnault due to a January rout in Tesla stock.
2024-02-21
Marie Patouillet joins LVMH
On February 21, 2024, Marie Patouillet was welcomed to the LVMH family, marking an important event for the company.
2024-02-23
Expressive freedom for Fendi Fall/Winter 2024
Fendi showcased expressive freedom in their Fall/Winter 2024 collection, marking a significant event in the fashion industry.
2024-04-10
LVMH Innovation Award Finalists Announcement
The 18 finalists for the 2024 LVMH Innovation Award were revealed, inviting startups to showcase their innovative ideas and compete for the prestigious award.
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LVMH

French luxury conglomerate
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