LVMH Moët Hennessy Louis Vuitton (French pronunciation: [moɛt‿ɛnɛsi lwi vɥitɔ̃]), commonly known as LVMH, is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France. [61], During the COVID-19 crisis the group shifted its production of perfume and spirits towards hand sanitizer. [46] In mid-September 2020, a reliable source told Forbes (magazine) that LVMH had decided to cancel the deal because Tiffany was paying millions in dividends to shareholders despite financial losses during the pandemic. The deal was expected to close by June 2020. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593. [35], 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. That company had been "resurrected" by Jean-Claude Biver, who inspired a major drive upscale for LVMH. In 1988, a management crisis led to the group's takeover by Bernard Arnault , owner of the haute couture house Christian Dior , with the support of … In 2011, LVMH invested $640 million in establishing LCapitalAsia. [11], Arnault's successful integration of various famous aspirational brands into a single group has inspired other luxury companies to do the same. [54] Shigeru Ban, Sylvie Fleury, Zaha Hadid, Bruno Peinado, Andrée Putman, Ugo Rondinone, James Turrell, Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it.[55]. Some US$70 million had already been paid by Tiffany, with an additional US$70 million to be paid in November 2020.[47]. [35] 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". [35], 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. Maxim Vengerov and Laurent Korcia have used the instruments. First was French jewelry company Chaumet, but it was the rapid acquisition of TAG Heuer (for CHF 1.2 billion) and Zenith that brought LVMH to prominence in the watchmaking world. [45] By that time however, LVMH had announced that it intended to back out of the deal to acquire Tiffany. LVMH Moët Hennessy Louis Vuitton SE 베르나르 아르노가 설립한 프랑스의 세계 최대 명품기업.이름의 유래는 Louis Vuitton, Moët & Chandon, Hennessy의 약자를 합친 것이다. "Cognac magnate Kilian Hennessy dies at 103", "Your chance to join the ranks of our best writers", "New home for New Irish Writing and the Hennessy Award", "Drake's 'One Dance' Was Officially The Biggest Song On The Planet In 2016", Johnnie Walker Championship at Gleneagles, https://en.wikipedia.org/w/index.php?title=Hennessy&oldid=985649021, Food and drink companies established in 1765, Articles with unsourced statements from December 2018, Articles lacking reliable references from October 2020, Creative Commons Attribution-ShareAlike License, Laurent Boillot, Chairman & CEO; Boris de Vroomen, International Director, Blending of Art (five different bottles with two designers per), Gold Bottle (named after Greek god of sun), Platinum bottle (label glows under black light), Released every year since 2007 (2011 bottle sits on rock formation), This page was last edited on 27 October 2020, at 03:34.

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