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On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. [24] The transaction was about $5.2 billion. [25] By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on Asia. [26]
Belvedere Vodka is a brand of Polish rye vodka produced and distributed by LVMH. [1] It is named after Belweder, the Polish presidential palace in Warsaw, whose illustration appears on its bottles.
In 1996, LVMH acquired the majority share of DFS Group, [10] buying out partners Feeney, Parker, and Pilaro and setting a new focus on the combined elements of travel and luxury. [11] It developed a merchandising strategy based around five core categories – Beauty and Fragrances; Fashion and Accessories; Watches and Jewelry; Wines and Spirits ...
In LVMH’s annual report released in March, the luxury behemoth noted that the growth came from makeup, haircare and skincare. Sephora helped drive a 76% profit rise in the selective retailing ...
That year, Loewe had sales of about $200 million, among the smallest of LVMH's companies; ready-to-wear was responsible for 10 percent of that total. [10] By 1997, Narciso Rodriguez joined the company as new creative director [11] and the brand had its first Paris runway presentation at LVMH headquarters in the fall/winter 1998 season. [12]
PARIS — Could 2021 be the year an American designer wins the LVMH Prize for Young Designers for the first time? U.S. designers make up a third of the nine finalists the luxury conglomerate ...
In 2019, a second product drop was released, this time featuring Supreme's spider web design anodized into the aluminium surface of the Rimowa Original cases. Available in Cabin Plus and Check-In L sizes, the collaboration included a co-branded black leather luggage tag, custom lining, and matching drawstring shoe bag featuring the Supreme logo.