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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]
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 .
He pushed Louis Vuitton’s president from his family company, fired some 9,000 people who worked at Boussac, and shed much of Boussac’s assets, earning him the moniker “the Terminator.” He ...
For Guillermo Andrade, founder and designer of cult L.A.-based menswear label 424, a professional player’s edition of soccer cleats was the first item that shaped his personal definition of ...
All five children—Delphine, Antoine, Alexandre, Frédéric, and Jean—have official roles in brands controlled by Arnault, along with his niece Stephanie Watine Arnault. [54] Alexandre is the EVP of Tiffany & Co., Frédéric is the CEO of LVMH Watches, [55] and Jean is the Director of Watchmaking Marketing and Development at Louis Vuitton. [56]
First quarter earnings for LVMH, which houses other luxury names such as Dior and Tiffany & Co. in addition to its flagship Louis Vuitton brand, told a slightly different story, with a 2% decline ...
In order to make the brand notable on an international scale, he started to sponsor top-of-the-range sporting events and created a new marketing strategy which would lead the brand to the top and be well known worldwide. In 1984, he took Louis Vuitton public at the stock exchange. In 1987, he merged Moet Hennessy and Louis Vuitton creating LVMH.