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As luxury brands brace for a deficit in craftspeople, LVMH is expanding its training programs into the U.S.
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In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a €300,000 grant with a year of mentoring; it was the brainchild of Delphine Arnault. [100] In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida , J JS Lee, and ...
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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 ...
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.
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]
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