Have you ever wondered if LVMH owns Hermes? It’s a question that has been asked time and time again, and the answer is not a simple one. In this article, we will explore the relationship between these two luxury brands.
What is LVMH?
LVMH stands for Louis Vuitton Moet Hennessy. It is a conglomerate of luxury brands that was formed in 1987 through the merger of Louis Vuitton and Moet Hennessy. Since then, LVMH has expanded its portfolio to include a variety of other high-end brands such as Dior, Givenchy, Fendi, and Bulgari.
What is Hermes?
Hermes is a French luxury brand that was founded in 1837 by Thierry Hermes. The brand is known for its high-end leather goods, including handbags and accessories. Over the years, Hermes has expanded its product lines to include clothing, jewelry, and fragrances.
Does LVMH own Hermes?
The short answer to this question is no. While LVMH does own a number of luxury brands, including Louis Vuitton which competes with Hermes in the handbag market, it does not own Hermes itself.
The relationship between LVMH and Hermes
Despite not being owned by LVMH, Hermes and LVMH have had a somewhat complicated relationship over the years. In 2010, LVMH acquired a significant stake in Hermes without disclosing its intentions beforehand. This move was met with opposition from both the Hermes family and the French government who accused LVMH of attempting to take control of another French heritage brand.
In response to this opposition, LVMH eventually agreed to sell most of its shares in Hermes back to the company in 2014. However, it still maintains a 23% stake in the brand.
The rivalry between LVMH and Hermes
Despite the complicated relationship between LVMH and Hermes, the two brands are still seen as competitors in the luxury market. Both brands are known for their high-end products and have a loyal following of consumers who are willing to pay top dollar for their goods.
Conclusion
While LVMH does not own Hermes, the two brands have had a complex relationship over the years. LVMH once owned a significant stake in Hermes, but has since sold most of it back to the company. Despite this, they still maintain a minority stake in the brand and continue to compete with Hermes in the luxury market.
10 Related Question Answers Found
Have you ever wondered if LVMH owns Hermes? The answer to this question might surprise you. Firstly, let’s start with some background information.
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