Are you wondering whether Givenchy is owned by Louis Vuitton? Well, the answer is not a straightforward ‘yes’ or ‘no’. Let’s dive deeper into the ownership structure of these luxury fashion brands.
Givenchy and Louis Vuitton: A Brief Overview
Givenchy is a French luxury fashion house founded in 1952 by designer Hubert de Givenchy. Over the years, it has become known for its haute couture clothing, perfumes, and accessories. On the other hand, Louis Vuitton is a French fashion house that was established in 1854 and is known for its high-end fashion products, including luxury trunks, leather goods, shoes, watches, jewelry, and more.
The Ownership Structure of Givenchy
Givenchy was acquired by LVMH (Moët Hennessy Louis Vuitton), a French multinational luxury goods conglomerate in 1988. LVMH owns other luxury brands like Christian Dior, Fendi, Celine, Loewe, and more. However, despite being under the same parent company as Louis Vuitton, Givenchy operates independently with its own creative director.
The Creative Direction of Givenchy
Since 2017 until now (2021), Clare Waight Keller has been the creative director of Givenchy. She succeeded Riccardo Tisci (who held the position from 2005 to 2017) as the first female artistic director of this French fashion house. Under her leadership, Givenchy has been known for its modern and sleek designs that have been worn by celebrities like Meghan Markle.
The Ownership Structure of Louis Vuitton
Louis Vuitton is owned by LVMH (Moët Hennessy Louis Vuitton) as well. However, unlike Givenchy which operates independently, Louis Vuitton is directly managed by the CEO of LVMH, Bernard Arnault. The brand has been known for its iconic monogram canvas and has collaborated with various artists and designers, including Stephen Sprouse, Takashi Murakami, and Jeff Koons.
The Creative Direction of Louis Vuitton
Since 2018 until now (2021), Nicolas Ghesquière has been the creative director of Louis Vuitton. He succeeded Marc Jacobs (who held the position from 1997 to 2014) as the artistic director of this fashion house. Under his leadership, Louis Vuitton has been known for its innovative designs that have pushed the boundaries of luxury fashion.
Conclusion
In conclusion, Givenchy is owned by LVMH (Moët Hennessy Louis Vuitton), which also owns Louis Vuitton. However, Givenchy operates independently with its own creative director while Louis Vuitton is directly managed by LVMH’s CEO. Both brands have their own distinct styles and design philosophies that have made them household names in luxury fashion.
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