Who Is Louis Vuitton Owned By?

Louis Vuitton is one of the most recognized luxury brands in the world. The iconic LV monogram can be seen on everything from handbags to shoes to luggage.

But have you ever wondered who owns this prestigious brand? In this article, we will take a closer look at the ownership of Louis Vuitton.

The Early Days of Louis Vuitton

Louis Vuitton was founded in 1854 by a man named Louis Vuitton. He started out as a trunk maker and quickly gained a reputation for his high-quality workmanship. His trunks were so well-made that they became popular with wealthy travelers, and soon Louis Vuitton became a status symbol.

A Family Business

For many years, Louis Vuitton remained a family-owned business. When Louis Vuitton passed away in 1892, his son Georges took over the company. Georges continued to expand the business and introduced new products like the Steamer Bag and Keepall Bag.

Georges’ son Gaston-Louis took over when Georges passed away in 1936. He continued to grow the brand and introduced new designs like the Alma Bag and the Noé Bag.

LVMH Takes Over

In 1987, Louis Vuitton merged with Moët Hennessy to form LVMH (Louis Vuitton Moët Hennessy). This merger created the largest luxury conglomerate in the world. LVMH owns over 60 luxury brands including Dior, Fendi, Givenchy, and Bulgari.

Today, Bernard Arnault is the CEO of LVMH and one of the richest men in the world. He has been instrumental in expanding LVMH’s portfolio of luxury brands.

Conclusion

In conclusion, Louis Vuitton is now owned by LVMH, the largest luxury conglomerate in the world. However, the brand’s roots are still evident in its high-quality products and attention to detail. From humble beginnings as a trunk maker to a global luxury brand, Louis Vuitton has come a long way and continues to be one of the most recognizable names in fashion.