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LVMH is a multinational company that owns 75 luxury brands in various sectors, such as fashion, cosmetics, jewelry, wines and spirits. It was formed in 1987 by the merger of Louis Vuitton and Moët Hennessy, and is led by Bernard Arnault, the world's 3rd richest person.
LVMH stock has slumped 20% this year as softer demand has hit sales and profits. Bernard Arnault was the wealthiest person on the planet six months ago — but has now fallen to fifth place.
In the past year, LVMH stock has dropped over 16%, and is currently trading at about $132 per share; Arnault owns about 48% of the luxury conglomerate. Since the start of 2024, Arnault’s net ...
LVMH didn’t immediately return Fortune’s request for comment.. Arnault’s tussles with media. Arnault’s order, dated January 17, 2024, names a handful of French and English-language news ...
Learn about Bernard Arnault, the richest person in the world as of August 2024, with an estimated net worth of US$ 180 billion. He is the chairman and CEO of LVMH, the world's largest luxury goods company, and a major investor in various sectors and arts.
Dior is a multinational company founded in 1946 by designer Christian Dior, who created the iconic "New Look" of haute couture. The company produces clothing, cosmetics, perfumes, and other luxury goods, and is part of LVMH group.
Luxury giant LVMH owns iconic household names like Louis Vuitton, Dior, and Tiffany and Co. And yet, one of its fastest-growing companies is a brand you might not have heard of — Rimowa.
Antoine Arnault is a French businessman and the vice-chairman of Christian Dior SE. He is the eldest son of LVMH CEO Bernard Arnault and the husband of model Natalia Vodianova.