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Billionaire LVMH CEO Bernard Arnault is the richest man outside America. Here are 23 of his luxury conglomerate's iconic brands.

Bernard Arnault, chairman and CEO of LVMH, the world's top luxury conglomerate, is the third-richest person in the world.

FILE PHOTO: LVMH Chief Executive Bernard Arnault announces the group's 2019 results in Paris, France, Jan. 28, 2020. REUTERS/Christian Hartmann/File Photo
Bernard Arnault is the world's third-richest person.
  • LVMH is the world's largest luxury goods conglomerate. It's owned by Bernard Arnault, the world's third-richest person.
  • LVMH's portfolio includes 75 different brands, spanning fashion, Champagne, cosmetics, and more.
  • These include Louis Vuitton, Dior, Sephora, Tiffany & Co, Moët & Chandon, and Fenty Beauty.
  • Visit Business Insider's homepage for more stories.

Bernard Arnault, the world's third-richest person and the wealthiest outside the US, heads the world's largest luxury goods conglomerate.

LVMH owns iconic brands such as Louis Vuitton, Dior, and Moët-Chandon.

It owns 75 brands, or "maisons," which it splits into six divisions: wines and spirits; fashion and leather goods; perfumes and cosmetics; watches and jewelry; selective retailing; and other activities. The fashion and leather goods division makes up about half of its revenues.

Its most recent major acquisition was US jeweler Tiffany and Co., which it bought for $15.8 billion in 2021 following a lengthy dispute. It broke records for being the luxury sector's biggest-ever deal.

LVMH's brands collectively have more than 6,000 stores, including about 2,500 in Asia, more than 1,000 in the US, and more than 500 in France. LVMH has more than 200,000 employees and reported revenues of 86.2 billion euros ($92.5 billion) for 2023.

Arnault has been at LVMH's helm for decades.

In 1984, after working at his family's real-estate company, Arnault bought consumer goods and manufacturing company Agache-Willot-Boussac, which owned Dior and department store Le Bon Marché. Arnault turned the "hodgepodge" company into a "treasure trove," The New York Times reported in 1989. He renamed it Financière Agache and sold almost all of the company's assets.

Meanwhile, Louis Vuitton and Moët Hennessy merged in 1987 to create LVMH. Arnault used the money from the sale of Financière Agache's assets to buy a controlling stake in the company, Bloomberg reported. In 1989, he became the conglomerate's majority shareholder, chairman, and CEO.

Le Bon Marché Rive Gauche
Le bon Marché
Le Bon Marché opened in 1852.

Paris department store Le Bon Marché opened in 1852 and was acquired by Arnault when he bought luxury goods company Agache-Willot-Boussac in 1984.

Le Bon Marché is recognized as being the world's first department store. The Paris store is noted for its high-end retail and careful selection of goods across the store. 

Year acquired by LVMH: 1984

Type of goods: Department store

Louis Vuitton
louis vuitton
Louis Vuitton is one of the brands that LVMH's name is derived from.

Louis Vuitton, founded in France in 1854, is known for its leather products, which are usually heavily emblazoned with its "LV" logo. Ready-to-wear clothing generates about 10% of the brand's sales, Bloomberg reported.

Year acquired by LVMH: 1987

Type of goods: Fashion and leather goods

Hennessy
Hennessy
Hennessy is one of the brands that LVMH's name is derived from.

Hennessy, founded in 1765, is one of the most famous cognac brands in the world. The brand's headquarters are in Cognac, France, about a five-hour drive from Paris.

Year acquired by LVMH: 1987

Type of goods: Cognac

Moët & Chandon
Moët & Chandon champagne bottles
Moët & Chandon is one of the brands that LVMH's name is derived from.

Founded in 1743, Moët & Chandon has since become one of the most popular Champagne brands in the world. Visitors to its site in the Champagne region of France can tour the UNESCO World Heritage site's wine cellars, spread over about 17 miles of tunnels.

Year acquired by LVMH: 1987

Type of goods: Champagne

Dom Pérignon
Dom Perignon
Dom Pérignon was founded in 1668.

Champagne maker Dom Pérignon, one of the oldest companies in LVMH's portfolio, was founded in 1668. 

Year acquired by LVMH: 1987

Type of goods: Champagne

Givenchy
Givenchy
Givenchy created the little black dress Audrey Hepburn wore in the film "Breakfast at Tiffany's."

Givenchy, founded in 1952, is perhaps best known for creating the iconic little black dress Audrey Hepburn wore in the film "Breakfast at Tiffany's." 

Year acquired by LVMH: 1988

Type of goods: Fashion and leather goods

Berluti
A man walks past a Berluti boutique in Via Monte Napoleone, a famous upscale shopping street in Milan, on April 9, 2024
Berluti has made shoes for the Duke of Windsor, Jean Cocteau, and Andy Warhol.

Menswear brand Berluti dates back to 1895, when Italian shoemaker Alessandro Berluti started making footwear in France. The brand has since made shoes for the Duke of Windsor, Jean Cocteau, and Andy Warhol, and expanded into leather goods in 2005 and ready-to-wear clothing in 2011, according to LVMH.

Year acquired by LVMH: 1993

Type of goods: Menswear, especially footwear

Loewe
Loewe shop window containing large scale plastic sand castle buckets on Bond Street on 22nd May 2023 in London, United Kingdom. Bond Street is one of the principal streets in the West End shopping district and is very upmarket.
Designer Jonathan Anderson is Loewe's creative director.

Spanish fashion brand Loewe was founded in Madrid in 1846. Since 2013, Jonathan Anderson — founder of label JW Anderson — has been its creative director. Some of its flagship stores are in the CASA Loewe format, which LVMH says are "designed to feel like the townhouse of a sophisticated art collector."

Year acquired by LVMH: 1996

Type of goods: Fashion and leather goods

Sephora
JCPenney Sephora in store
Sephora's stores sell own-brand products as well as dozens of other lines.

Sephora operates hundreds of beauty stores selling items like makeup, skincare products, hair care items, and fragrances. Its stores sell own-brand products as well as dozens of other lines, including brands LVMH brands Fenty Beauty, KVD Beauty, and Ulta.

Sephora has more store locations than its rival, Ulta. More than half of its over 3,000 points of sale are in North America, with its range carried by hundreds of Kohl's stores.

Year acquired by LVMH: 1997

Type of goods: Cosmetics

Marc Jacobs
Marc Jacobs
Marc Jacobs founded the brand in 1984.

Designer Marc Jacobs founded the eponymous brand in 1984. Jacobs went on to become creative director of womenswear for Louis Vuitton between 1997 and 2013, leaving to focus on his own brand.

Year acquired by LVMH: 1997

Type of goods: Fashion and leather goods

Benefit Cosmetics
Benefit Cosmetics
Benefit Cosmetics was founded by twin sisters Jean and Jane Ford.

Benefit Cosmetics was founded by twin sisters Jean and Jane Ford in 1976 in San Francisco. LVMH says that it has more than 3,000 BrowBar Beauty Bars around the world and that a Benefit brow product is sold every two seconds.

Year acquired by LVMH: 1999

Type of goods: Cosmetics

Tag Heuer
Maria Sharapova during Maria Sharapova Launches New Tag Heuer Watch "Formula 1 Glamour Diamond" - December 24, 2005 at Le Meridien Grand Pacific Tokyo in Tokyo, Japan.
Maria Sharapova has been an ambassador for Tag Heuer.

The Swiss watchmaker was founded by Edouard Heuer in 1860 and given its present name after it was acquired by Techniques d'Avant Garde in 1985. From 2020 to 2024, the company's CEO was Frédéric Arnault, the second-youngest of Bernard Arnault's five children.

Ambassadors over the years have included Steve McQueen, Chris Hemsworth, Patrick Dempsey, and a number of sports stars, including tennis player Maria Sharapova.

Year acquired by LVMH: 1999

Type of goods: Watches

Fendi
fendi
Fendi was previously owned by both Prada and LVMH.

The 99-year-old luxury Italian brand is best known for its signature "F" print and was once led by legendary designer Karl Lagerfeld. Fendi was previously owned by both Prada and LVMH, until the latter bought out Prada in 2001.

Year acquired by LVMH: 2000

Type of goods: Fashion and leather goods

Fresh
Fresh Cosmetics
Fresh makes natural products.

Fresh was launched in Boston in 1991 and is known for its expansive collection of natural skincare products.

Year acquired by LVMH: 2000

Type of goods: Cosmetics

Cheval Blanc
The Cheval Blanc hotel in Paris, taken in 2021.
Cheval Blanc opened a hotel in Paris in 2021.

Luxury hotel chain Cheval Blanc, created by LVMH, started with the opening of a boutique ski resort in Courchevel in the French Alps in 2006. It has since opened or acquired four other hotels in Paris, the Maldives, on Caribbean island Saint Barthélemy, and in French Riviera town Saint-Tropez.

Year created by LVMH: 2006

Type of goods: Hotels

KVD Beauty
Kat Von D Beauty
KVD Beauty was founded by tattoo artist and model Kat Von D in 2008.

The cosmetics line, which has also been known as Kat Von D Beauty and KVD Vegan Beauty, was founded by tattoo artist and model Kat Von D in 2008. Its designs are inspired by tattoo artistry, and the company says its name now stands for "Kara, Veritas, Decora" or "Value, Truth, Beauty."

The brand says it was cruelty-free when it launched and was reformulated to become fully vegan in 2016.

Year acquired by LVMH: 2008

Type of goods: Cosmetics

Royal Van Lent
Aerial view, from helicopter, Ecstasea moored in Venice. Ecstasea is a luxury yacht, the largest Feadship built at the time of her launch
Yachts made on the Royal Van Lent shipyard include the Ecstasea.

The Dutch shipyard on Kaag Island dates back to the Van Lent family in 1849. It was awarded a royal charter in 2001.

The shipyard's roughly 300 workers launch on average two superyachts a year. It has also opened a shipyard in Amsterdam.

Year acquired by LVMH: 2008

Type of goods: Shipyard

Bulgari
Bulgari
LVMH acquired the brand from the Bulgari family in 2011.

Luxury jewelry brand Bulgari, founded in 1884, is known for its watches and diamond necklaces. LVMH acquired the brand from the Bulgari family in an all-share deal in 2011.

Year acquired by LVMH: 2011

Type of goods: Jewelry 

Le Parisien
Le parisien
LVMH owns French tabloid Le Parisien.

Le Parisien is one of the most notable tabloids in France, along with Le Figaro and Le Liberation. LVMH bought the 80-year-old daily newspaper and sister publication Aujourd'hui en France in 2015, and they had a print circulation of about 260,000 in 2023.

LVMH also owns the financial newspaper Les Echos, the monthly arts magazine Connaissance des Arts, and the French commercial station Radio Classique.

Year acquired by LVMH: 2015

Type of goods: Tabloid

Dior
Christian Dior
Dior was previously owned by Bernard Arnault's private holding company.

LVMH acquired Dior in a $13.1 billion deal in 2017. Previously, the brand, which was founded in 1947, was owned by Arnault's Groupe Arnault.

Dior is best known for its gowns and handbags. Celebrities such as Rihanna, Rosalía, Jennifer Lawrence, and Anya Taylor-Joy have been faces of the brand

Year acquired by LVMH: 2017

Type of goods: Fashion and leather goods

Fenty Beauty
A row of Fenty Beauty products in a variety of shades
Fenty Beauty is known for offering makeup in a wide range of shades.

Rihanna launched Fenty Beauty, named after her last name, with LVMH in 2017, when she was 29. She launched a 40-shade range of foundations, which helped to revolutionize diversity in the beauty industry. The shade range has since expanded to 50 shades.

Rihanna also launched her clothing line Fenty with LVMH in 2019, but it closed just two years later.

Year acquired by LVMH: 2017

Type of goods: Cosmetics

Belmond
View from the sea of Belmond Reid's Palace, oldest hotel in the island, on June 25, 2019 in Funchal, Madeira, Portugal.
Belmond operates hotels, safari lodges, and luxury train services.

Belmond is a luxury travel company with 32 properties around the world and two safari lodges in Botswana. It also operates luxury train services, including the Venice Simplon-Orient-Express, which runs between London and Venice, the Royal Scotsman, and the Andean Explorer.

Year acquired by LVMH: 2019

Type of goods: Hotels

Tiffany & Co.
Pedestrians walk past the American luxury jewelry company Tiffany & Co store in Hong Kong.
LVMH's acquisition of Tiffany & Co. was the luxury sector's biggest-ever deal.

Following a lengthy dispute, which involved two lawsuits and LVMH threatening to pull out of the deal, the luxury conglomerate acquired US jeweler Tiffany & Co. for $15.8 billion in 2021. It broke records for being the luxury sector's biggest-ever deal.

Year acquired by LVMH: 2021

Type of goods: Jewelry

Dominic-Madori Davis contributed to an earlier version of this article.

Read the original article on Business Insider

Читайте на 123ru.net


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