Louis Vuitton is a name that is synonymous with luxury and elegance. The brand has become a status symbol for the rich and famous around the world.
But have you ever wondered who owned Louis Vuitton? In this article, we will take a closer look at the history of the brand and its ownership.
The Early Years
The story of Louis Vuitton began in 1854 when the company was founded by Louis Vuitton himself. He was just 16 years old at the time when he moved to Paris and started working for a trunk maker. It was during this time that he honed his skills as a craftsman and began to develop his own unique style.
In 1858, Louis Vuitton opened his own store in Paris, which quickly became popular among the elite of society. His innovative designs and high-quality craftsmanship quickly set him apart from his competitors.
The Next Generation
Following Louis Vuitton’s death in 1892, ownership of the company passed on to his son, Georges Vuitton. Under Georges’ leadership, Louis Vuitton continued to expand its reach around the world, with new stores opening in London, New York, and other major cities.
Georges was also responsible for introducing some of the brand’s most iconic designs, such as the LV monogram canvas pattern which is still used today.
A New Chapter
In 1987, Louis Vuitton merged with Moët Hennessy to form LVMH (Louis Vuitton Moët Hennessy). This move brought together two of France’s most prestigious luxury brands under one umbrella.
Today, LVMH is one of the largest luxury goods conglomerates in the world. It owns a number of other well-known brands such as Dior, Givenchy, Fendi, and Céline.
The Current Owners
As of 2021, LVMH is still the owner of Louis Vuitton. The company is now run by Bernard Arnault, who is one of the richest men in the world and has a net worth of over $150 billion.
Under Arnault’s leadership, Louis Vuitton has continued to innovate and expand its reach around the world. The brand now has stores in over 50 countries and is considered one of the most valuable luxury brands in the world.
Conclusion
Louis Vuitton has come a long way since its humble beginnings in Paris over 150 years ago. From a small trunk maker to one of the most iconic luxury brands in the world, Louis Vuitton’s success can be attributed to its commitment to quality and innovation.
Today, as part of LVMH, Louis Vuitton continues to set the standard for luxury fashion and accessories. With a rich history and a bright future ahead, it’s no wonder that Louis Vuitton remains one of the most coveted brands around the world.