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The Louis Vuitton label was founded by Vuitton in 1854 on Rue Neuve des Capucines in Paris. [21] Louis Vuitton had observed that the HJ Cave Osilite [22] trunk could be easily stacked. In 1858, Vuitton introduced his flat-topped trunks with Trianon canvas, making them lightweight and airtight. [21]
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [108] [109] In addition, the company closed 124 of its stores in Russia. [110]
In 2011, LVMH (Louis Vuitton Moet Hennessy) invested in a 20 percent stake in the company. [11] [12] The Wong brothers have since brought their shares back from LVMH. [13] As of 2015, Charles & Keith has over 300 stores worldwide. [11] [14] [15] [16] In January 2022, Charles & Keith opened its third concept boutique at Kaohsiung's E Sky Mall.
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Examples include LVMH, the largest luxury goods producer in the world with over fifty brands (including Louis Vuitton) [39] and sales of €42.6 billion in 2017, [40] Kering, which made €15.9 billion in revenue for a net income of €2.3 billion in 2019, [41] and Richemont.
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