Louis Vuitton is a French fashion luxury brand that has become a symbol of status and prestige all over the world. It was founded in 1854 by Louis Vuitton, and since then, it has become one of the most recognizable fashion brands globally. The brand is known for its exclusive range of handbags, luggage, shoes, accessories, and ready-to-wear clothing.
There have been several rumors circulating around whether the Vuitton family still owns Louis Vuitton. It’s a question that often comes up when discussing the history of the brand. To answer this question, we need to take a closer look at the history of Louis Vuitton.
In 1892, Louis Vuitton passed away, leaving his fashion empire to his son Georges Vuitton. Georges was responsible for growing the brand and expanding it into new markets. He opened up stores in London, New York City, and other major cities around the world.
After Georges’ death in 1936, his son Gaston-Louis took over as head of the company. Under Gaston-Louis’s leadership, Louis Vuitton continued to expand its product lines and opened more stores worldwide.
In 1987, Louis Vuitton merged with Moët Hennessy to form LVMH (Louis Vuitton Moët Hennessy). LVMH is a multinational luxury goods conglomerate that owns several other high-end fashion brands such as Dior, Fendi, Givenchy, and Marc Jacobs.
Today, LVMH is run by CEO Bernard Arnault who owns a majority stake in the company. The Arnault family holds about 47% of LVMH’s shares through their holding company Groupe Arnault.
So does the Vuitton family still own Louis Vuitton? The answer is no. While members of the Vuitton family may hold some shares in LVMH, they no longer have any direct ownership or control over the Louis Vuitton brand.
In conclusion, Louis Vuitton is no longer owned or controlled by the Vuitton family. The brand is now part of LVMH, a luxury goods conglomerate that owns several other high-end fashion brands. However, the legacy and vision of Louis Vuitton continue to inspire the brand’s designs and products today.