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LVMH

March 15, 2018

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

French couturier Givenchy, who designed for Audrey Hepburn, Grace Kelly, Ingrid Bergman and Jackie Kennedy, died in his sleep near Paris on 10 March at the age of 91.

February 20, 2018

Enzo Ferrari would have celebrated his 120th birthday this week, but his namesake supercar company is one of several major family businesses looking to the future and new technologies.

Enzo Ferrari would have celebrated his 120th birthday this week, but his namesake supercar company is one of several major family businesses looking to the future and new technologies.

February 8, 2018

ArcelorMittal, LVMH, Akka Technologies, and Nintendo have all reported rising revenues highlighting the strong financial performance of some of the world's billion dollar family businesses in 2017.

ArcelorMittal, LVMH, Akka Technologies, and Nintendo have all reported rising revenues highlighting the strong financial performance of some of the world's billion dollar family businesses in 2017.

World’s largest steelmaker posts 21% revenue spike

Family-owned steel and mining company ArcelorMittal has seen revenues soar 21% to $68.7 billion in the 12 months to 31 December amid a positive outlook for the global steel market.

November 9, 2017

Luxury giant LVMH in major reshuffle of top management; Panera Bread founder swaps C-suite for boardroom after JAB takeover; Asia-Pacific expected to lead slowing global wealth by 2021

Luxury giant LVMH in major reshuffle of top management

Sidney Toledano has been appointed chairman and chief executive of the fashion group within the world-leading family-controlled luxury giant LVMH after 20 years in charge of Christian Dior Couture.

The change at the top followed the full integration of Dior into LVMH in April in a reported €13 billion ($15.1 billion) deal.

July 19, 2017

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla and her equally formidable Fendi sisters Paola, Anna, Franca and Alda transformed the humble family business into a desirable global brand, renowned for its monogrammed handbags and leather goods beloved by Hollywood and European royalty.

April 27, 2017

Arnault family restructures holdings, sells Hermes stake; Lotte Group to reduce cross-shareholdings by 73% in simplification drive; JAB Holdings luxury arm mulls sale of Jimmy Choo and Bally

Arnault family restructures holdings, sells Hermes stake
France’s Arnault family is to pay €12.1 billion ($13.2 billion) for the minority stake in iconic French fashion house, Christian Dior, it does not yet control and sell its stake in family-controlled rival Hermes.

Arnault Family Group, who controls the world’s largest luxury company LVMH, said the move was part of a two-step simplification of its holding structures in response to market demands.

February 3, 2017

LVMH to a grip on eyewear market with Marcolin deal; Volkswagen overtakes Toyota as top company, despite cheating scandal; and Bosch pays $330 million compensation in VW cheating scandal

LVMH to focus on eyewear market with Marcolin deal

French family-owned luxury giant LVMH have taken a 10% stake in spectacle maker Marcolin as it looks to tighten its grip on the eyewear market.

The news comes just one week after another family-owned eyewear group, Luxottica, and its French rival Essilor agreed to a €46 billion ($49 billion) merger to combat increasing competition from large luxury players, such as LVMH.

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

October 7, 2016

Mars buys out Buffett to take 100% control of Wrigley; LVMH next-gen Alexandre Arnault helps steer RIMOWA acquisition; and Toyota’s personal robot 'Kirobo Mini' signals AI push

Mars buys out Buffett to take 100% control of Wrigley

Mars is to take full control of its Wrigley chewing gum business after Berkshire Hathaway sold its minority stake back to the world’s largest confectionary maker.

According to Reuters, Berkshire invested in Wrigley in 2008 when it acquired $2.1 billion of preferred stock and $4.4 billion of bonds in connection with privately held Mars' $23 billion purchase of the chewing gum maker. 

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