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LVMH

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.

November 21, 2013

Leading luxury family empire LVMH has launched an initiative this week to support young designers.

Leading luxury family empire LVMH has launched an initiative this week to support young designers.

Announced by second-gen Delphine Arnault, the international award is open to designers 40-years-old or younger, who have already created two ready-to-wear men’s or women’s collections.

A panel of judges, including Karl Lagerfield and Marc Jacobs will decide on the winner, who will receive €300,000 to invest in their fashion company and support from a team of experts from LVMH to help them develop it over a period of 12 months.

November 4, 2013

One of the most important travel piece commissions for Louis Vuitton second-gen, Georges Vuitton, is to be auctioned off in Paris this week.

One of the most important travel piece commissions for Louis Vuitton second-gen, Georges Vuitton, is to be auctioned off in Paris this week.

The three trunks and tilbury carriage were produced in 1910 for eccentric explorer Blanche de Clermont-Tonnerre, who used it in her travels to India, China, Siberia, Iraq and Persia.

Vuitton was commissioned to produce three trunks, covered in the brand’s then famous red leather, while V Morel produced the carriage.

September 4, 2013

French luxury group LVMH has announced it is abandoning its appeal against the record-breaking fine it incurred for its secret stake in rival luxury house Hermes.

French luxury group LVMH has announced it is abandoning its appeal against the record-breaking fine it incurred for its secret stake in rival luxury house Hermes.

LVMH remained defiant, however, saying in a statement that it still disputed the ruling but had to consider the time and cost of further proceedings and focus on the management of its slice of Hermes.

Bernard Arnault's giant was hit with an €8 million penalty from the French financial regulator Autorite des Marches Financiers in early July for failing to comply with disclosure rules.

July 2, 2013

LVMH has been fined €8 million by the French financial regulator for the clandestine stake it built up in rival luxury family business Hermes – the largest fine ever issued by the Autorite des Marches Financiers.

LVMH has been fined €8 million by the French financial regulator for the clandestine stake it built up in rival luxury family business Hermes – the largest fine ever issued by the Autorite des Marches Financiers.

The AMF enforcement committee said it made the ruling after considering the "seriousness of the successive breaches of public disclosure requirements, which consisted [of] concealing each stage of LVMH's stake-building in Hermes".

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