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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]
LVMH acquired the brand in 1999 to expand its make-up services and developed the services to appeal to its customer base. In 2004, Nicolas Cordier was named CEO and formed a manager/creator team with Sanz. The subsequent CEOs included Rachel Marouani (2017-2020), [5] Gabrielle Rodriguez (2020-2023), [6] and Charles-Henri Levaillant (2023-2024). [7]
It perhaps explains why the luxury powerhouses, including LVMH (which owns Dior and Louis Vuitton), Burberry, and Kering (owner of YSL and Gucci), missed revenue targets this year.
The share prices of upscale companies like Burberry Group, Kering, LVMH Moët Hennessy Louis Vuitton, and Movado are all down year to date. This is the result of Americans tightening their purse ...
Louis Vuitton designed in-game skins and a trophy case for the League of Legends World Championship 2019. The partnership also included a limited-edition capsule collection in real life.
In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on the rising wave of Asian tourists who began to travel further overseas, opening stores in international airports and later in downtown locations where travelers have their purchases delivered before departure. [8]
Louis Vuitton employees in China were forced to count 600,000 yuan (approximately $110,000) in cash, paying the price for allegedly mistreating a customer. In an incident reminiscent of the ...