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Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end departmental stores, and through the e-commerce section of its website. [5] [6] Louis Vuitton merged with Moët Hennessy in 1987 to create LVMH, of which it is a subsidiary.
Examples include LVMH, the largest luxury goods producer in the world with over fifty brands (including Louis Vuitton) [40] and sales of €42.6 billion in 2017, [41] Kering, which made €15.9 billion in revenue for a net income of €2.3 billion in 2019, [42] and Richemont.
Louis Vuitton (French: [lwi vɥitɔ̃] ⓘ; 4 August 1821 – 27 February 1892) [1] was a French fashion designer and businessman. He was the founder of the Louis Vuitton brand of leather goods now owned by LVMH. Prior to this, he had been appointed as trunk-maker to Empress Eugénie de Montijo, wife of Napoleon III. [2]
Variety Wholesalers, Inc., is a privately held company based in Henderson, North Carolina, which owns more than 380 retail stores in the Southeast and Mid-Atlantic United States under the banners Roses and Maxway.
The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. [37] [38] In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. [39]
Rosetti Handbags and Accessories Ltd. (simply known as Rosetti) designs, markets, and sells women's handbags, purses, and related accessories. Founded in 1994, the company is headquartered in New York City. [1] Rosetti is an accessories fashion brand, in comparison to other fashion brands, such as Coach and Gucci.