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LVMH

FB Roundup: LVMH, JAB Holding Company, and Asia-Pacific wealth

November 9, 2017

Luxury giant LVMH in major reshuffle of top management; Panera Bread founder swaps C-suite for boardroom after JAB takeover; Asia-Pacific expected to lead slowing global wealth by 2021

Luxury giant LVMH in major reshuffle of top management

Sidney Toledano has been appointed chairman and chief executive of the fashion group within the world-leading family-controlled luxury giant LVMH after 20 years in charge of Christian Dior Couture.

The change at the top followed the full integration of Dior into LVMH in April in a reported €13 billion ($15.1 billion) deal.

Icon: Carla Fendi

July 19, 2017

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla and her equally formidable Fendi sisters Paola, Anna, Franca and Alda transformed the humble family business into a desirable global brand, renowned for its monogrammed handbags and leather goods beloved by Hollywood and European royalty.

FB Roundup: Arnault Family Group, Lotte Group, JAB Holdings

April 27, 2017

Arnault family restructures holdings, sells Hermes stake; Lotte Group to reduce cross-shareholdings by 73% in simplification drive; JAB Holdings luxury arm mulls sale of Jimmy Choo and Bally

Arnault family restructures holdings, sells Hermes stake
France’s Arnault family is to pay €12.1 billion ($13.2 billion) for the minority stake in iconic French fashion house, Christian Dior, it does not yet control and sell its stake in family-controlled rival Hermes.

Arnault Family Group, who controls the world’s largest luxury company LVMH, said the move was part of a two-step simplification of its holding structures in response to market demands.

FB Roundup: LVMH, Volkswagen, and Bosch

February 3, 2017

LVMH to a grip on eyewear market with Marcolin deal; Volkswagen overtakes Toyota as top company, despite cheating scandal; and Bosch pays $330 million compensation in VW cheating scandal

LVMH to focus on eyewear market with Marcolin deal

French family-owned luxury giant LVMH have taken a 10% stake in spectacle maker Marcolin as it looks to tighten its grip on the eyewear market.

The news comes just one week after another family-owned eyewear group, Luxottica, and its French rival Essilor agreed to a €46 billion ($49 billion) merger to combat increasing competition from large luxury players, such as LVMH.

The Top 10 family business issues in 2016

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

FB Roundup: Mars, LVMH, and Toyota

October 7, 2016

Mars buys out Buffett to take 100% control of Wrigley; LVMH next-gen Alexandre Arnault helps steer RIMOWA acquisition; and Toyota’s personal robot 'Kirobo Mini' signals AI push

Mars buys out Buffett to take 100% control of Wrigley

Mars is to take full control of its Wrigley chewing gum business after Berkshire Hathaway sold its minority stake back to the world’s largest confectionary maker.

According to Reuters, Berkshire invested in Wrigley in 2008 when it acquired $2.1 billion of preferred stock and $4.4 billion of bonds in connection with privately held Mars' $23 billion purchase of the chewing gum maker.

Louis Vuitton owner LVMH sells Donna Karan to G-III Apparel Group

July 27, 2016

French family-controlled luxury giant LVMH will sell its Donna Karan brand to American family business G-III Apparel Group in a $650 million deal by the start of 2017.

French family-controlled luxury giant LVMH will sell its Donna Karan brand to American family business G-III Apparel Group in a $650 million deal by the start of 2017.

LVMH, which owns flagship fashion label Louis Vuitton, champagne house Moët & Chandon and cognac label Hennessy, bought Donna Karan in 2002 for about $243 million and was its first venture into the ready-to-wear market.

Excellence in Europe

June 18, 2014

The winners of the European Families in Business Awards 2014, in association with Societe Generale Private Banking, have been announced. Take a look at the achievements of CampdenFB's shortlisted candidates.

UK retail family business Pentland Group has been awarded the top honour at the 2014 CampdenFB European Families in Business Awards in Barcelona.

Family business roundup: Good Q2 for Estee Lauder; LVMH, Paccar, Ferragamo and Luxottica post excellent 2012 results

February 5, 2013

Family businesses in Europe and the US have been reflecting on 2012 – with encouraging results reported by Luxottica, Ferragamo, LVMH and Paccar. Meanwhile, Estee Lauder posted strong sales for its second quarter.

Armani: The family business isn't for sale

January 18, 2012

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

That's according to the company's chief executive, Giorgio Armani, who said the family business, which includes brands such as Emporio Armani and Armani Exchange, is not for sale.