Louis Vuitton is a luxury fashion brand that has been around for over 150 years. Founded in Paris, France in 1854, the company has become one of the most recognizable names in the fashion industry. While the brand is known for its stylish handbags, clothing, and accessories, many people are curious about who actually owns Louis Vuitton.
The History of Louis Vuitton
Before we dive into who owns Louis Vuitton, let’s take a quick look at the brand’s history. The company was founded by a man named Louis Vuitton, who started out as a trunk maker. His trunks were popular among wealthy travelers and he soon gained a reputation for his high-quality craftsmanship.
By 1885, Louis Vuitton had become one of the most famous luggage makers in the world. The company continued to expand its product line over the years, eventually branching out into leather goods such as handbags and wallets.
Today, Louis Vuitton is owned by LVMH Moët Hennessy – Louis Vuitton SE, commonly referred to as LVMH. The French multinational conglomerate was formed in 1987 through a merger between Moët et Chandon and Hennessy and then merged with fashion house Louis Vuitton in 1989.
Who Owns LVMH?
Now that we know who owns Louis Vuitton, let’s take a look at who owns LVMH. The company is majority-owned by Bernard Arnault, a French billionaire businessman. Arnault has been the chairman and CEO of LVMH since 1989 when it was formed through the merger.
In addition to LVMH, Arnault also owns several other companies including Christian Dior SE and Sephora. He is considered one of the wealthiest people in France and even globally.
The Future of Louis Vuitton
As for the future of Louis Vuitton, it seems to be bright. The brand continues to release new products and collaborations with other designers and companies. In recent years, Louis Vuitton has also focused on sustainability efforts, like using eco-friendly materials in their products.
In conclusion, while Louis Vuitton was originally founded by Louis Vuitton himself, the brand is now owned by LVMH Moët Hennessy – Louis Vuitton SE. The majority owner of LVMH is Bernard Arnault, a French billionaire businessman who has been instrumental in growing the company into the luxury powerhouse it is today.