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lvmh.com. LVMH Moët Hennessy Louis Vuitton SE (French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃]), [1] commonly known as LVMH, is a French multinational holding company and conglomerate [7][8][9][10] specializing in luxury goods, headquartered in Paris. [11] The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in ...
Bernard Jean Étienne Arnault (French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [2][3] 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, with an estimated net worth of US$ 180 billion as of ...
LVMH stock has slumped 16% this year as softer demand has hit the company's sales and profits. Bernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place.
LVMH is the family’s best-known business, and its sprawling luxury fashion empire owns Louis Vuitton, Christian Dior, Tag Heuer, and more. But the Arnaults’ reach goes well beyond top-end brands.
In Q3 2023, Hermès reported 16% growth, slowing from 28% in Q2 but still outpacing key rivals such as LVMH who was flat and Kering who reported a decline in Q3 2023. [38] Analysts suggest this resilience is due to Hermès impeccable brand image, storytelling, and positioning, as well as citing the broader consumer interest in "quiet luxury". [39]
In 2022, LVMH expanded its artisan training to the U.S., where it now has three apprenticeship programs: two at luxury jeweler Tiffany & Co., and one at watchmaker TAG Heuer. All apprentices are ...
Antoine Arnault (French pronunciation: [ɑ̃twan aʁno]; born 4 June 1977) is a French businessman; the vice-chairman and former CEO of Christian Dior SE.He is the oldest son of billionaire and CEO of LVMH Moët Hennessy Louis Vuitton, Bernard Arnault, part of the Arnault Family, which is the second wealthiest in the world.
LVMH, on the other hand, is a much bigger company in size, scope and variety of products. The Arnault-run conglomerate makes perfumes, leather bags and Champagne for the world’s most affluent ...