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In 2001, Bernard Arnault, CEO of LVMH, met architect Frank Gehry. He told him of plans for a new building for the Louis Vuitton Foundation for Creation on the edge of the Bois de Boulogne. The building project was first presented in 2006, with costs estimated at €100 million [8] ($127 million) and plans to open in late 2009 or early 2010. [9]
An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. [51] In November 2022, it was announced LVMH had acquired the Piedmont-based jewelry maker Pedemonte Group. [52] On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation. [53]
In March 2022, LVMH announced closure of its 120+ stores in Russia, "given the current circumstances in the region," [46] due to the Russo-Ukrainian War. An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. [46] On 14 February 2023, Pharrell Williams was named creative director of ...
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LVMH last week posted a forecast beating 23% rise in first quarter like-for-like sales, with growth driven by fashion and leather goods, its largest division and home to Louis Vuitton and Dior ...
The luxury group's houses will throw open their doors to the public between Oct. 14 and 16.
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 — The LVMH Prize for Young Designers on Thursday unveiled the eight finalists for this year’s award, lauding the designers for their inventiveness, celebration of craftsmanship and ...