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LVMH

June 5, 2020

Fifth-generation Robert Buchbauer heads a streamlined Swarovski, youngest LVMH scion Frederic Arnault to lead Tag Heuer to recovery, next gen James Ferragamo steps aside for trusted adviser as Ferragamo faces the post-Covid-19 future.

Fifth-generation Robert Buchbauer heads a streamlined Swarovski

Robert Buchbauer, the great-great grandson of founder Daniel Swarovski, is the new chief executive of the Austrian jewellery family business amid a management overhaul at the top.

Buchbauer kept his title as chairman of the company’s executive board, the panel of eight fifth-generation family members which runs the 125-year-old manufacturer of fine crystal jewellery, and has been a member since 2002.

November 25, 2019

The French family behind the world’s largest luxury group LVMH has made its biggest ever acquisition by adding the US jewellery brand Tiffany & Co to its portfolio for an up-scaled offer of $16 billion.

The French family behind the world’s largest luxury group LVMH has made its biggest ever acquisition by adding the US jewellery brand Tiffany & Co to its portfolio for an up-scaled offer of $16 billion.

The $51.5 billion (€46.8 billion) LVMH empire will acquire the $4.4 billion Tiffany for $135 per share in cash, in a transaction with an equity value of $16.2 billion (€14.7 billion). The luxury goods giant increased its offer from $120 per share last month.

December 21, 2018

LVMH’s $3.2 billion acquisition of luxury hotelier and travel operator Belmond is a major strategic turning point that will open up a whole new market for the world’s largest luxury company, one expert suggests.

LVMH’s $3.2 billion acquisition of luxury hotelier and travel operator Belmond is a major strategic turning point that will open up a whole new market for the world’s largest luxury company, one expert suggests.

LVMH (Moët Hennessy Louis Vuitton), owned by the Arnault family, has agreed to buy Belmond as it pushes into ‘experiental’ luxury.

July 26, 2018

Ford creates new self-drive company, Lotte still sweet for jailed director, and family dynasties uneasy over Trump trade

Ford creates new self-drive company

Ford is to morph its self-driving vehicles arm into its own company, Ford Autonomous Vehicles LLC, investing $4 billion into the venture over the next five years.

It follows a similar move by General Motors, which launched “GM Cruise” late last year. Sherif Marakby, Ford’s vice president autonomous vehicles and electrification, will be chief executive of the new LLC, which is structured to allow third party investors.

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.

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.

July 27, 2016

French family-controlled luxury giant LVMH will sell its Donna Karan brand to American family business G-III Apparel Group in a $650 million deal by the start of 2017.

French family-controlled luxury giant LVMH will sell its Donna Karan brand to American family business G-III Apparel Group in a $650 million deal by the start of 2017.

LVMH, which owns flagship fashion label Louis Vuitton, champagne house Moët & Chandon and cognac label Hennessy, bought Donna Karan in 2002 for about $243 million and was its first venture into the ready-to-wear market.

November 29, 2013

Following public outcry, Louis Vuitton, controlled by France's Arnault family via their juggernaut LVMH, has dismantled a giant promotional replica of one of its trunks in Moscow's Red Square – just days after it was erected.

Following public outcry, Louis Vuitton, controlled by France's Arnault family via their juggernaut LVMH, has dismantled a giant promotional replica of one of its trunks in Moscow's Red Square – just days after it was erected.

The luxury luggage company had built the structure to house an exhibition, due to open on 2 December, to celebrate its 120th anniversary.

November 27, 2013

Louis Vuitton, a subsidiary of the Arnault family's luxury-goods giant LVMH, has ruffled feathers in Moscow this week by installing a giant monogrammed suitcase mere metres from the mummified body of former leader Vladimir Lenin.

Louis Vuitton, a subsidiary of the Arnault family's luxury-goods giant LVMH, has ruffled feathers in Moscow this week by installing a giant monogrammed suitcase mere metres from the mummified body of former leader Vladimir Lenin.

The replica of its iconic travelling trunk will house a temporary museum, due to open in just under a week, which will document the company’s 120-year history.

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