Moët Hennessey Louis Vuitton
- (LVMH)This French fashion luxury goods conglomerate was formed in 1987 between the Louis Vuitton SA holding company, Moët-Hennessey (the world's largest producer of cognac and champagne), and the Christian Dior Group. Henry Recamier, a former steel executive who married into the Vuitton family, was named to run the Louis Vuitton business in 1977. In an attempt to fund increased expansion, Vuitton initiated a merger with Moët-Hennessey. A partnership formed in 1971 between the Mercier and Hennessey families. However, by 1989, Bernard Arnault, the financial genius, chairman, and CEO of the Christian Dior empire, in a hostile takeover, took 51 percent majority control of LVMH. In 2001, De Beers, the diamond company, launched a joint venture with LVMH. Today, there are more than fifty subsidiaries of LVMH including wines and spirits (most notable: Moët et Chandon, Dom Pérignon, Hennessey, and Veuve Clicquot), watches and jewelry (TAG Heuer, Dior Watches, Chaumet, Zenith, OMAS, and FRED), fashion and leather goods (Berluti, Celine, Christian Lacroix, Donna Karan, eLUXURY, Emilio Pucci, Fendi, Givenchy, Kenzo, Loewe, Louis Vuitton, Marc Jacobs, Stefano Bi, and Thomas Pink), retail establishments (DFS, La Samaritaine, Bon Marché, Sephora, and Starboard Cruise services), and perfumes (Acqua di Parma, Guerlain, Parfums Kenzo, Christian Dior, Givenchy, and Loewe).
Historical Dictionary of the Fashion Industry. Francesca Sterlacci and Joanne Arbuckle.
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Louis Vuitton Moët-Hennessey — See Moët Hennessey Louis Vuitton (LVMH) … Historical Dictionary of the Fashion Industry
Vuitton, Louis — (1821 1892) Born in Anchay, Jura, France, Vuit ton set up his luggage making business, Louis Vuitton Malletier (trunk maker), in 1854. By initially making trunks for Empress Eugénie, he established himself as a luxury resource. One of his… … Historical Dictionary of the Fashion Industry
LVMH — Moët Hennessey Louis Vuitton … Historical Dictionary of the Fashion Industry
Chronology — 50,000 BCE The first prehistoric human, Cro Magnon man, learned to survive in cold climates by fashioning clothing out of animal skins, tree bark, and foliage. Paleolithic cave paintings such as those found in Lascaux, France, indicate that early … Historical Dictionary of the Fashion Industry
Jacobs, Marc — (1963 ) Born and educated in New York City, Jacobs began his affair with fashion, when, at the age of fifteen, he managed to gain entrance into the hip nightclub Studio 54. It was the stomping ground of the fashion world and Jacobs was hooked … Historical Dictionary of the Fashion Industry
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The Fashion industry today — Fashion, as an industry, has come a long way since the early days when Parisian designers dictated fashion. Fashion design and manufacturing is now a multibillion dollar global industry. While Paris was once the home of fashion as evidenced by… … Historical Dictionary of the Fashion Industry