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LVMH
LVMH Moët Hennessy Louis Vuitton (), commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following 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 Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernard Arnault
Bernard Jean Étienne Arnault (; born 5 March 1949) is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury goods company. Arnault has an estimated net worth of billion as of December 2022, according to ''Forbes'', making him the richest person in the world. Early life Bernard Jean Étienne Arnault was born on 5 March 1949 in Roubaix. His mother, Marie-Josèphe Savinel, daughter of Étienne Savinel, had a "fascination for Dior". His father, manufacturer Jean Léon Arnault, a graduate of École Centrale Paris, owned the civil engineering company Ferret-Savinel. Arnault was educated at the Lycée Maxence Van Der Meersch in Roubaix, and the Lycée Faidherbe in Lille. In 1971, he graduated from the École Polytechnique, France's leading engineering school, and began work for his father's company. Three years later, after he convinced his fath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LVMH Tower
The LVMH Tower is a 24-story skyscraper on 57th Street, near Madison Avenue, in Midtown Manhattan, New York City. Designed by Christian de Portzamparc, the building opened in 1999 as the overseas headquarters of Paris-based LVMH Moët Hennessy Louis Vuitton SE. The building has received widespread praise from architecture critics. Architecture Facade The building occupies a narrow site between a 1920s bank building and the 1995 American headquarters of Chanel S.A. (designed by Charles Platt after de Portzamparc had completed his design for the LVMH Tower). It is across 57th Street from 590 Madison Avenue, formerly the IBM Building. In contrast to all of these, it is clad in glass. An eleven-story base includes ground-level store space for Christian Dior, designed by Peter Marino, with a metal strip above it that acts as a unifying element.Eric Peter Nash and Norman McGrath, ''Manhattan Skyscrapers'', rev. ed. New York: Princeton Architectural Press, 2005, p. 169 The tower i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dior
Christian Dior SE (), commonly known as Dior (stylized DIOR), is a French luxury fashion house controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world's largest luxury group. Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH. Financière Jean Goujon, "a wholly owned subsidiary of Christian Dior", held 42.36% of capital and 59.01% of voting rights within the company at the end of 2010. The company was founded in 1946 by French fashion designer Christian Dior, who was originally from Normandy. This brand just sells shoes and clothing and can only be bought in Dior stores. Haute couture is under the ''Christian Dior Couture'' division. Pietro Beccari has been the CEO of ''Christian Dior Couture'' since 2018. History Founding The House of Dior was established on 16 December 1946 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis Vuitton
Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end luxury fashion house and company founded in 1854 by Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, watches, jewelry, accessories, sunglasses and books. Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end departmental stores, and through the e-commerce section of its website. For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores worldwide. History Founding to World War II The Louis Vuitton label was founded by Vuitton in 1854 on Rue Neuve des Capucines in Paris. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hennessy
Jas Hennessy & Co., commonly known simply as Hennessy (), is a French producer of cognac, which has its headquarters in Cognac, France. It is one of the "big four" cognac houses, along with Martell, Courvoisier, and Rémy Martin, who together make around 85% of the world's cognac. Hennessy sells approximately 70 million bottles of its cognacs per year, making it the world's largest cognac producer, and in 2017 its sales represented around 60% of the US cognac market. As well as distilling cognac ''eaux-de-vie'' itself, the company also acts as a ''negociant''. The brand is owned by Moët Hennessy, which is in turn owned by LVMH (66%) and Diageo (34%), who act as a non-controlling shareholder. Hennessy pioneered several industry-standard practices in the world of cognac, and its association with luxury has made it a regular point of reference in popular culture, especially in hip hop. History The Hennessy cognac distillery was founded by Irish Jacobite military officer Richa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delphine Arnault
Delphine Arnault (born 4 April 1975) is a French businesswoman, director and executive vice president of Louis Vuitton (LVMH Group). Early life Arnault is the oldest child of Bernard Arnault from his first wife, Anne Dewavrin. She has a younger brother, Antoine Arnault. Between the ages of seven and 10, they lived in New York state where they attended a French-American school. She later earned degrees from the London School of Economics and EDHEC Business School (Ecole des Hautes Etudes Commerciales du Nord). Career Arnault began her career working McKinsey & Company for two years, and she joined LVMH in 2000. Since 2003, Arnault has been a member of the management board of the group LVMH, the first woman and youngest person to occupy that post. Arnault is also a member of the board of directors for Moët Hennessy, and M6, as well as a managing partner of a wealth management company. In 2008, Arnault was named deputy chief of the designer Christian Dior Couture, which she ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moët & Chandon
Moët & Chandon (), also known simply as Moët, is a French fine winery and co-owner of the luxury goods company LVMH Moët Hennessy Louis Vuitton SE. Moët et Chandon is one of the world's largest champagne producers and a prominent champagne house. Moët et Chandon was established in 1743 by Claude Moët, and today owns of vineyards, and annually produces approximately 28,000,000 bottles of champagne. History Moët et Chandon began as Moët et Cie (meaning "Moët & Co."), established by Épernay wine trader Claude Moët in 1743, and began shipping his wine from Champagne to Paris. The reign of King Louis XV coincided with increased demand for sparkling wine. Soon after its foundation, and after son Claude-Louis joined Moët et Cie, the winery's clientele included nobles and aristocrats. In 1833, the company was renamed Moët et Chandon after Pierre-Gabriel Chandon de Briailles, Remy Moët's son-in-law, joined the company as a partner of Jean-Remy Moët, Claude Moët's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Societas Europaea
A ''societas Europaea'' (, ; "European society" or "company"; plural: ; abbr. SE) is a public company registered in accordance with the corporate law of the European Union (EU), introduced in 2004 with the Council Regulation on the Statute for a European Company. Such a company may more easily transfer to or merge with companies in other member states. As of April 2018, more than 3,000 registrations have been reported, including the following nine components (18%) of the Euro Stoxx 50 stock market index of leading eurozone companies (excluding the SE designation): Airbus, Allianz, BASF, E.ON, Fresenius, LVMH Moët Hennessy Louis Vuitton (and its parent company Dior), SAP, Schneider Electric and Unibail-Rodamco-Westfield. National law continues to supplement the basic rules in the Regulation on formation and mergers. The European Company Regulation is complemented by an Employee Involvement Directive which manages the rules for participation by employees on the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with ''superior goods''. Definition The word "luxury" originated from the Latin word ''luxuria'', which means exuberance, excess, or abundance. A luxury good can be identified by comparing the demand for the good at one point in time against the demand for the good at a different point in time, at a different income level. When personal income increases, demand for luxury goods increases even more than income does. Conversely, when personal income decreases, demand for luxury goods drops even more than income does. For example, if income rises 1%, and the demand for a product rises ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAC 40
The CAC 40 (french: CAC quarante ) (''Cotation Assistée en Continu'') is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris (formerly the Paris Bourse). It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. History The CAC 40 takes its name from the Paris Bourse's early automation system Cotation Assistée en Continu (''Continuous Assisted Quotation''). Its base value of 1,000 was set on 31 December 1987, equivalent to a market capitalisation of 370,437,433,957.70 French francs. On 1 December 2003, the index's weighting system switched from being dependent on total market capitalisation to free float market cap only, in line with other le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avenue Montaigne
Avenue Montaigne () is a street in the 8th arrondissement of Paris, France. Origin of the name Avenue Montaigne was originally called the Allée des Veuves (widows' alley) because women in mourning gathered there, but the street has changed much since those days of the early 18th century. The present name comes from Michel de Montaigne, a writer of the French Renaissance. In the 19th century, the street earned some renown for its sparkling and colourful Bal Mabille (Mabille Gardens) on Saturday nights. Fashion Avenue Montaigne boasts numerous stores specialising in high fashion, such as Louis Vuitton, Dior, Chanel, Fendi, Valentino, Ralph Lauren, Yves Saint Laurent, Gucci, Chanel, Prada, Chloe, Giorgio Armani, Versace and Dolce & Gabbana, as well as jewellers like Bulgari and other upscale establishments such as the prestigious Plaza Athénée hotel. By the 1980s, the avenue Montaigne was considered to be ''la grande dame'' of French streets for high fashion and accesso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
57th Street (Manhattan)
57th Street is a broad thoroughfare in the New York City borough of Manhattan, one of the major two-way, east-west streets in the borough's grid. As with Manhattan's other "crosstown" streets, it is divided into its east and west sections at Fifth Avenue. The street runs from a small park overlooking the East River in the east to the West Side Highway along the Hudson River in the west. 57th Street runs through the neighborhoods of Sutton Place, Midtown Manhattan, and Hell's Kitchen from east to west. 57th Street was created under the Commissioners' Plan of 1811. It was developed as a mainly residential street in the mid-19th century. The central portion of 57th Street was developed as an artistic hub starting in the 1890s, with the development of Carnegie Hall. The section between Fifth and Eighth Avenues is two blocks south of Central Park. Since the early 21st century, the portion of the street south of Central Park has formed part of Billionaires' Row, which contains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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