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In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [100] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [101] [102] In addition, the company closed 124 of its stores in Russia. [103]
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. [ 7] In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. [ 8] The company operates in 50 countries with more than 460 stores worldwide.
The company was founded in 1985, [4] and the brand's merchandise is sold in department stores and over 2000 free-standing retail stores in 100 countries. [5] In 2006, private equity firm Apax Partners acquired the company for approximately $1.6 billion. [6] In March 2010, PVH Corp., then known as Phillips-Van Heusen, bought the company. [7]
DFS T Galleria in City of Dreams, Macau DFS T Galleria in Tsim Sha Tsui, Hong Kong. DFS Group (DFS) is a Hong Kong-based travel retailer of luxury products.Established in 1960, its network located in major airports and downtown stores around the world, including duty-free stores in 12 airports and 21 downtown locations, as well as affiliate and resort locations, featuring 750 brands.
Bernard Jean Étienne Arnault ( French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [ 2][ 3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is one of the richest individuals in the world, with an estimated net worth of US$ 180 billion as ...
Virgil Abloh ( / ˈæbloʊ /; September 30, 1980 – November 28, 2021) was an American fashion designer and entrepreneur. A trained architect, Abloh founded his own line of luxury streetwear clothing under the moniker Pyrex Vision in 2012, which he transformed into the Milan -based fashion label Off-White in 2013.
Louis Vuitton (designer) Louis Vuitton ( French: [lwi vɥitɔ̃] ⓘ; 4 August 1821 – 27 February 1892) [ 1] was a French fashion designer and businessman. He was the founder of the Louis Vuitton brand of leather goods now owned by LVMH. Prior to this, he had been appointed as trunk-maker to Empress Eugénie de Montijo, wife of Napoleon III.
Who: Louis Vuitton. What: New artist collaboration. Where: Available August 30 online and in Louis Vuitton stores. Why: Louis Vuitton presents their latest collection of silk scarves in ...
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