LVMH
French multinational luxury goods conglomerate
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2025 | LVMH to re-enter Formula One with a $150 million annual multi-year investment. TAG Heuer will return as Formula One timekeeper, and Louis Vuitton will sponsor the Australian Grand Prix starting this year. |
January 2025 | Over 100 Olympic medalists requested replacement medals due to the poor quality of the medals created by Chaumet, a subsidiary of LVMH. |
2024 | LVMH participated in French Popular Relief charity activities, supporting access to sport for 1,000 children and young people aged 4 to 25 in vulnerable situations. |
2024 | LVMH sponsored the Paris 2024 Olympic and Paralympic Games as a premium partner, investing €150 million. Multiple LVMH brands participated, including Chaumet designing medals, Berluti dressing the French delegation, and Moët Hennessy providing products for events. |
2024 | Regional sales distribution shows significant market presence with Asia (excluding Japan) accounting for 27.5% and the United States for 25.4% of total sales, totaling 84,863 million euros in sales. |
2024 | Stéphane Bianchi is appointed LVMH Group Managing Director, responsible for strategic and operational management, overseeing the Group Maisons, Regions Presidents, and Digital and Data Transformation. |
October 2024 | LVMH purchased the French weekly publication Paris Match. |
August 6 2024 | The Competition Authority granted authorization to LVMH for the acquisition of Paris Match. |
June 2024 | LVMH acquired Swiza, the owner of L'Epée 1839, a Swiss manufacturer of high-end clocks and horological creations. |
May 22 2024 | LVMH announced an expansion of its partnership with Alibaba to increase its presence in the Chinese market. |
2023 | Fendi opened new flagship stores in multiple locations, including Doha and Amsterdam, expanding its retail presence. |
2023 | Allegations emerged that Fendi had not fully paid invoices to suppliers, with some outstanding payments remaining unpaid for over a year, raising concerns about the company's financial practices. |
April 24 2023 | LVMH became the first European company to reach a $500 billion valuation. |
2022 | Louis Vuitton announced a €1 million donation to UNICEF to aid Ukrainian war victims. |
2022 | Strong financial recovery with sales reaching 79,184 million euros and maintaining a net profit of 12,036 million euros. |
2022 | Les Echos-Le Parisien Group acquired 75% of the share capital of the French polling and research institute OpinionWay. |
March 2 2022 | LVMH Group pledged €5 million to the Red Cross to support those affected by the Ukraine-Russia war, and closed 124 of its stores in Russia. |
December 2021 | LVMH paid €10 million to settle criminal investigations related to allegations of corporate espionage by former French intelligence chief Bernard Squarcini, who was accused of spying on competitors and journalist François Ruffin on behalf of the company. |
January 2021 | LVMH completed the purchase of Tiffany & Co., becoming the most valuable company in Europe with a valuation of $329 billion. |
2020 | During the COVID-19 pandemic, LVMH shifted production to create 12 tons of hand sanitizer, which was donated to hospitals in Paris, France. |
2020 | Experienced a financial downturn during the global pandemic, with sales dropping to 44,651 million euros and net profit decreasing to 4,702 million euros. |
2019 | Thebe Magugu, a South African designer, became the first African to win the LVMH Young Fashion Designer Prize, receiving commendation from South African President Cyril Ramaphosa. |
August 26 2019 | Bernard Arnault announced LVMH's donation of $11 million to help combat the Brazil wildfires. |
May 12 2019 | LVMH launched Fenty, a fashion house created by Rihanna, marking the first new fashion house by LVMH in 32 years and the first led by a woman of colour. |
November 1 2018 | Co-founder Alain Chevalier passed away at age 87. |
May 24 2018 | LVMH invested in online fashion search business Lyst, contributing to a $60 million funding round to expand luxury brands' online presence and target younger shoppers. |
March 2018 | Pierre Louette was named CEO of Les Echos-Le Parisien Group, succeeding Francis Morel after seven years in the position. |
April 2017 | LVMH announced it would gain full ownership of Christian Dior's haute couture, leather, ready-to-wear, and footwear lines to integrate the entire Dior brand. |
February 29 2016 | LVMH reaches a share value of 78,126 million euros, distributed across 506,980,299 shares. |
2015 | Marques'Almeida won the LVMH Young Fashion Designer Prize. |
October 2015 | LVMH bought the newspapers Le Parisien and Aujourd'hui en France from the Amaury Group for 50 million euros, with the financial transaction completed at the end of October. |
2014 | Marked a peak in financial performance with net profit rising to 6,105 million euros. |
February 2014 | The inaugural LVMH Young Fashion Designer Prize finalists were showcased in London, with 20 designers including Simone Rocha, Thomas Tait, and others. Thomas Tait was declared the winner. |
November 2013 | LVMH created the LVMH Young Fashion Designer Prize, a competition offering a €300,000 grant and a year of mentoring, initiated by Delphine Arnault. |
March 7 2011 | LVMH announced the acquisition of 50.4% family-owned shares of Italian jeweller Bulgari for approximately $5.2 billion. |
2010 | Significant financial growth with sales reaching 20,320 million euros and net profit increasing to 3,032 million euros. |
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