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Alexandre is the EVP of Tiffany & Co., Frédéric is the CEO of LVMH Watches, [55] and Jean is the Director of Watchmaking Marketing and Development at Louis Vuitton. [56] Since 2010, Arnault's daughter Delphine has been with Xavier Niel , a French billionaire businessman active in the telecommunications and technology industry.
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [108] [109] In addition, the company closed 124 of its stores in Russia. [110]
The Louis Vuitton label was founded by Vuitton in 1854 on Rue Neuve des Capucines in Paris. [21] Louis Vuitton had observed that the HJ Cave Osilite [22] trunk could be easily stacked. In 1858, Vuitton introduced his flat-topped trunks with Trianon canvas, making them lightweight and airtight. [21]
LVMH is the family’s best-known business, and its sprawling luxury fashion empire owns Louis Vuitton, Christian Dior, Tag Heuer, and more. But the Arnaults’ reach goes well beyond top-end brands.
The luxury goods conglomerate owns Louis Vuitton, Christian Dior, Givenchy, Marc Jacobs, and more. In January 2021, LVMH acquired jewelry company Tiffany & Co. for $15.8 billion.
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Arnault was born in Neuilly-sur-Seine, France, the second son of Bernard Arnault and his second wife, French-Canadian pianist Hélène Mercier (b. 1959). [3] His older brother is Alexandre Arnault (b. 1992), the president of Tiffany & Co. in New York City, and his younger brother Jean Arnault (b. 1998) works in the watch division of Louis Vuitton.
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