Who Currently Owns Louis Vuitton?

Louis Vuitton is one of the most renowned luxury fashion brands in the world. The brand is famous for its high-end bags, clothing, accessories, and perfumes.

But who currently owns Louis Vuitton? In this article, we will take a closer look at the ownership of this iconic fashion brand.

History of Louis Vuitton

Louis Vuitton was founded in 1854 by Louis Vuitton himself. The brand started as a small luggage-making business in Paris, France. Over the years, Louis Vuitton has grown into a global luxury brand with stores all over the world.

Early Ownership of Louis Vuitton

Louis Vuitton was owned by the Vuitton family for many years. After Louis’ death in 1892, his son Georges took over the business. In 1987, the company merged with Moet et Chandon and Hennessy to become LVMH (Louis Vuitton Moet Hennessy).

Current Ownership of Louis Vuitton

Today, LVMH is still the owner of Louis Vuitton. The company is controlled by Bernard Arnault, a French billionaire businessman and art collector. Arnault is also the CEO of LVMH and one of the richest people in the world.

Bernard Arnault

Bernard Arnault was born on March 5th, 1949 in Roubaix, France. He started his career working for his father’s construction company before eventually becoming an investment banker. In 1984, he bought Christian Dior with the help of some investors and turned it into a profitable business.

Arnault became CEO of LVMH in 1990 and has since acquired many other luxury brands such as Fendi, Bulgari, Givenchy, and Marc Jacobs. He is known for his business acumen and has been instrumental in turning LVMH into the global luxury powerhouse it is today.

Conclusion

In conclusion, Louis Vuitton is currently owned by LVMH, which is controlled by Bernard Arnault. While the brand has come a long way since its humble beginnings as a luggage-maker in Paris, it still remains one of the most iconic and sought-after luxury brands in the world.