LVMH Moet Hennessy Louis Vuitton, commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris.
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18 Facts About LVMH
2.
The oldest of the LVMH brands is wine producer Chateau d'Yquem, which dates its origins back to 1593.
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3.
LVMH is a component of the Euro Stoxx 50 stock market index.
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4.
In 2012, the growth of LVMH's sales "decreased by about 10 percent from the growth rate in 2011", and in early 2013 LVMH expressed that it would "stop opening stores in second and third-tier cities in mainland China".
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5.
On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House.
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6.
The acquisition was part of LVMH's move to offer a beloved high-end rose portfolio, in addition to reaching customers worldwide.
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7.
LVMH issued a statement in September 2020 indicating that the takeover would not proceed, and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic.
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8.
Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement.
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9.
In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.
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10.
In January 2022, LVMH acquired a minority stake in the New York-based label Aime Leon Dore for an undisclosed sum.
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11.
In March 2022, LVMH announced closure of its 120+ stores in Russia, “given the current circumstances in the region, ” due to the Russo-Ukrainian War.
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13.
LVMH endorsed the patronage of "l'atelier d'Alberto Giacometti" and "Yves Klein" at Centre Georges Pompidou.
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14.
In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gerry in the Bois de Boulogne in Paris.
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15.
On 26 August 2019, Bernard Arnault declared that LVMH would donate $11 million to help fight the 2019 Brazil wildfires.
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16.
On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war.
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17.
On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as a way for LVMH's luxury brands to expand their presence online and capture younger shoppers.
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18.
LVMH contributed to Lyst's $60 million funding round, which included access to LVMH's international expertise, designed to drive Lyst's global expansion.
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