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Endpoint: LVMH Moët Hennessy Louis Vuitton SA



created on: 21/06/2021
by: Lo55o (12521)
 
Editted on 21/06/2021 by 
Lo55o (12521)Show Version
General info : LVMH Moët Hennessy Louis Vuitton SA is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In 2021 with a valuation of €329 billion, LVMH became the most valuable company in Europe. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593. In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. Arnault's successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index. Make Up For Ever was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $5.2 billion. In 2011, LVMH invested $640 million in establishing LCapitalAsia. On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. in Beijing. In 2011, LVMH invested $640 million in establishing LCapitalAsia. LVMH sales "decreased by about 10 percent from in 2011" in China, and LVMH stopped "opening stores in second and third-tier cities in mainland China". Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of the market is to take advantage of more acceptable prices. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, both men's and women's ready-to-wear, and footwear lines, to integrate the entire Christian Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%. Co-founder Alain Chevalier died 1 November 2018, aged 87. On 12 May 2019 the fashion house Fenty, styled as FE?TY, created by singer Rihanna was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House. On 29 November 2019, LVMH announced its 55% stake in Château d’Esclans, the producer best-known for the brand Whispering Angel. The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH planned to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed, and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told Forbes (magazine) that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'". In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. LVMH completed the purchase of Tiffany in January 2021. LVMH has the largest market capitalization in France, and now in the Euro zone, with a record of 261 billion euros ($317.6 billion) as of December 31, 2020. As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. LVMH is headquartered in the 8th arrondissement of Paris, France. The company is listed on the Euronext Paris exchange, and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. In 2013, with revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report. The group currently employs more than 83,000 people. Thirty percent of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide. Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London). At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo. Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault is Chairman and CEO of both companies. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out. 
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Websites https://www.lvmh.com/ (www.lvmh.com/) 
Source : https://en.wikipedia.org/wiki/LVMH (en.wikipedia.org/wiki/LVMH) 
Relations : Uses the brand name : Kenzo 
Relations : Uses the brand name : Loro Piana 
Relations : Uses the brand name : Louis Vuitton 
Relations : Parent company of : Louis Vuitton Malletier SA 
Relations : Parent company of : LVMH Moët Hennessy Louis Vuitton, Inc. 
Relations : Uses the brand name : Marc Jacobs (Brand) 
Relations : Uses the brand name : Moët Hennessy 
Relations : Uses the brand name : Princess Yachts 
Relations : Uses the brand name : Stella McCartney 
Relations : Uses the brand name : Fenty 
Relations : Uses the brand name : Givenchy 
Relations : Uses the brand name : Tiffany 
Relations : Uses the brand name : Bulgari 
Relations : Uses the brand name : Celine 
Relations : Uses the brand name : Château d'Yquem 
Relations : Uses the brand name : Dior 
Copied Wikipedia parts under license :Creative Commons Attribution-ShareAlike 3.0 Unported (CC BY-SA 3.0) 
Editted on 06/07/2021 by 
Lo55o (12521)Show Version
Relations : Uses the brand name : Guerlain 
Editted on 03/08/2021 by 
Lo55o (12521)Show Version
Relations :Uses the brand name : TiffanyUses the brand name : Tiffany & Co. 
Editted on 11/01/2022 by 
bob (9218)Show Version
Relations : Uses the brand name : TAG Heuer 
Editted on 11/01/2022 by 
bob (9218)Show Version
Relations :Uses the brand name : Moët HennessyUses the brand name : Moët Hennessy1987 - 
Relations :Uses the brand name : Moët HennessyUses the brand name : Moët Hennessy1999 - 
Relations :Uses the brand name : Moët HennessyUses the brand name : Moët Hennessy2019 - 
Relations :Uses the brand name : Moët HennessyUses the brand name : Moët Hennessy2008 - 
Editted on 03/08/2022 by 
bob (9218)Show Version
General info :LVMH Moët Hennessy Louis Vuitton SA is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In 2021 with a valuation of €329 billion, LVMH became the most valuable company in Europe. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593. In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. Arnault's successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index. Make Up For Ever was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $5.2 billion. In 2011, LVMH invested $640 million in establishing LCapitalAsia. On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. in Beijing. In 2011, LVMH invested $640 million in establishing LCapitalAsia. LVMH sales "decreased by about 10 percent from in 2011" in China, and LVMH stopped "opening stores in second and third-tier cities in mainland China". Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of the market is to take advantage of more acceptable prices. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, both men's and women's ready-to-wear, and footwear lines, to integrate the entire Christian Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%. Co-founder Alain Chevalier died 1 November 2018, aged 87. On 12 May 2019 the fashion house Fenty, styled as FE?TY, created by singer Rihanna was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House. On 29 November 2019, LVMH announced its 55% stake in Château d’Esclans, the producer best-known for the brand Whispering Angel. The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH planned to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed, and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told Forbes (magazine) that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'". In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. LVMH completed the purchase of Tiffany in January 2021. LVMH has the largest market capitalization in France, and now in the Euro zone, with a record of 261 billion euros ($317.6 billion) as of December 31, 2020. As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. LVMH is headquartered in the 8th arrondissement of Paris, France. The company is listed on the Euronext Paris exchange, and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. In 2013, with revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report. The group currently employs more than 83,000 people. Thirty percent of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide. Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London). At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo. Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault is Chairman and CEO of both companies. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out.LVMH Moët Hennessy Louis Vuitton SA is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In 2021 with a valuation of €329 billion, LVMH became the most valuable company in Europe. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Givenchy, Stella McCartney, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593. In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. Arnault's successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index. Make Up For Ever was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $5.2 billion. In 2011, LVMH invested $640 million in establishing LCapitalAsia. On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. in Beijing. In 2011, LVMH invested $640 million in establishing LCapitalAsia. LVMH sales "decreased by about 10 percent from in 2011" in China, and LVMH stopped "opening stores in second and third-tier cities in mainland China". Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of the market is to take advantage of more acceptable prices. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, both men's and women's ready-to-wear, and footwear lines, to integrate the entire Christian Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%. Co-founder Alain Chevalier died 1 November 2018, aged 87. On 12 May 2019 the fashion house Fenty, styled as FE?TY, created by singer Rihanna was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House. On 29 November 2019, LVMH announced its 55% stake in Château d’Esclans, the producer best-known for the brand Whispering Angel. The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH planned to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed, and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told Forbes (magazine) that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'". In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. LVMH completed the purchase of Tiffany in January 2021. LVMH has the largest market capitalization in France, and now in the Euro zone, with a record of 261 billion euros ($317.6 billion) as of December 31, 2020. As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. LVMH is headquartered in the 8th arrondissement of Paris, France. The company is listed on the Euronext Paris exchange, and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. In 2013, with revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report. The group currently employs more than 83,000 people. Thirty percent of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide. Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London). At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo. Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault is Chairman and CEO of both companies. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out. 
Relations :Uses the brand name : Marc Jacobs (Brand)  
Editted on 14/08/2022 by 
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Relations : Uses the brand name : Céline- 2018 
Relations :Uses the brand name : Moët HennessyUses the brand name : Moët Hennessy2018 - 
Editted on 01/02/2023 by 
Nathalie (5022)Show Version
Relations : Uses the brand name : Dom Pérignon 
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