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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.
Many fashion houses try to stop knock offs from circulating in the market; Louis Vuitton has an entire team solely focused on stopping counterfeits. Gucci has adapted the counterfeit culture into its designs, changing the spelling of Gucci to 'Guccy' for its spring/summer 2018 collection and painting REAL all over the bags. [48]
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [104] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [105] [106] In addition, the company closed 124 of its stores in Russia. [107]
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Louis Vuitton (designer) Louis Vuitton (French: [lwi vÉ¥itɔ̃] ⓘ; 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.
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