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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]
Today, Vuitton products are primarily available at company-owned Louis Vuitton boutiques, [6] with a small number of exceptions noted in upscale shopping districts or inside luxury department stores. Company boutiques within department stores operate independently, and are operated by company managers and employees.
The CEO of LVMH, who is worth $176 billion, has a 48% stake in the company, which owns brands like Louis Vuitton and Christian Dior. Luxury labels have struggled this year, particularly in China ...
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.
Today, LVMH has a market cap of €319 billion ($336 billion), houses 75 Maisons, and has made Arnault Europe’s wealthiest person with a net worth of $180 billion.
LVMH stock has risen by more than 1,000% since 2009. Who has gotten rich besides the company's founder?
Antoine Arnault (French pronunciation: [ɑ̃twan aʁno]; born 4 June 1977) is a French businessman who is the vice-chairman and CEO of Christian Dior SE.He is the second child and eldest son of billionaire Bernard Arnault, who controls LVMH Moët Hennessy Louis Vuitton.