Louis Vuitton is one of the most iconic names in the fashion industry. Known for its luxury handbags, accessories, and clothing, Louis Vuitton has become a symbol of status and wealth.
However, not many people know about the family behind this fashion powerhouse. In this article, we’ll take a closer look at who owns Louis Vuitton.
History of Louis Vuitton
Before we dive into the ownership of Louis Vuitton, let’s first understand its history. The brand was founded in 1854 by a French businessman named Louis Vuitton. He started his business by designing and manufacturing high-end trunks and luggage for wealthy travelers.
Over time, Louis Vuitton expanded his business to include handbags, wallets, shoes, clothing, and other accessories. Today, the brand is owned by LVMH Moët Hennessy – Louis Vuitton SE, which is a multinational luxury goods conglomerate.
The Arnault Family
At the helm of LVMH is Bernard Arnault, who serves as the CEO and chairman of the company. Arnault is one of the richest people in the world with a net worth of over $150 billion.
Arnault’s family plays a significant role in owning Louis Vuitton as well. His daughter Delphine Arnault is an executive vice president at LVMH and oversees several brands within the company’s portfolio including Christian Dior and Louis Vuitton.
Bernard Arnault
Bernard Arnault was born on March 5th, 1949 in Roubaix France. He studied engineering at Ecole Polytechnique before starting his career in business.
In 1984, Arnault acquired a struggling textile company named Boussac Saint-Freres which owned several luxury brands including Christian Dior. He eventually became the CEO of the company and rebranded it as LVMH. Today, LVMH is worth over $300 billion and is the largest luxury goods company in the world.
Delphine Arnault
Delphine Arnault was born on April 4th, 1975 in France. She studied at EDHEC Business School and then went on to Harvard Business School.
After completing her education, Delphine joined LVMH as a product manager for Dior before moving on to other brands within the company. She is widely considered as one of the most influential women in the fashion industry and has been instrumental in the success of Louis Vuitton and other brands under LVMH’s portfolio.
Conclusion
In conclusion, Louis Vuitton is owned by LVMH Moët Hennessy – Louis Vuitton SE which is led by Bernard Arnault and his family. The Arnaults are one of the wealthiest families in France and have played a significant role in shaping the luxury fashion industry as we know it today. With their continued leadership, we can expect Louis Vuitton to remain at the forefront of fashion for years to come.