Louis Vuitton is a highly recognized luxury fashion brand that has been in existence for over 160 years. The brand is known for its iconic monogrammed canvas bags and leather goods, as well as its high-end ready-to-wear clothing and footwear. One of the frequently asked questions about Louis Vuitton is whether it is part of Kering, a French luxury goods conglomerate that owns many other fashion brands.
What is Kering?
Kering, formerly known as Pinault-Printemps-Redoute (PPR), is a French multinational corporation that specializes in luxury goods. The company was founded in 1963 by François Pinault and has since grown to become one of the world’s largest luxury conglomerates. Kering owns several prominent fashion brands, including Gucci, Yves Saint Laurent, Balenciaga, Bottega Veneta, Alexander McQueen, and many others.
Is Louis Vuitton part of Kering?
No, Louis Vuitton is not part of Kering. Instead, it is owned by another French multinational corporation called LVMH Moët Hennessy – Louis Vuitton SE (LVMH). LVMH was formed in 1987 through the merger of two major fashion houses: Louis Vuitton and Moët Hennessy.
Today, LVMH is the world’s largest luxury goods conglomerate, owning over 75 brands across various sectors including fashion and leather goods, perfumes and cosmetics, watches and jewelry, and more. Some of the other notable brands under LVMH include Christian Dior, Fendi, Givenchy, Bulgari, Sephora, and Dom Perignon.
Conclusion
In conclusion, while both Kering and LVMH are major players in the global luxury goods industry with a vast portfolio of renowned brands under their respective umbrellas, Louis Vuitton is not part of Kering. Instead, it is owned by LVMH, which also owns several other high-end fashion and luxury brands. Knowing the ownership structure of these top luxury brands can help consumers make informed decisions when purchasing their products and understanding the different market segments they cater to.
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