Which company is owned by Bernard Arnault?
Which company is owned by Bernard Arnault?
He is the co-founder, chairman, and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury goods company. Arnault and his family had an estimated net worth of US$159 billion in October 2022 according to Forbes, making him the second richest person in the world and the richest in Europe.
What brands are owned by LVMH?
LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and Tiffany & Co.
Does LVMH own Gucci?
Arnault increased LVMH’s stake to 34.4 percent by January 26, 1999. In September 1999, Pinault-Printemps-Redoute (which is now known as Kering) agreed to pay LVMH $806 million for the majority of stake in the Gucci Group.
Is Louis Vuitton still family owned?
LVMH is owned by the Arnault family (Bernard Arnault, the CEO, is among the wealthiest men on earth) with a 47.44% ownership stake and over 63.5% of the voting power. Thus asserting a tight control over the Luxury Empire.
