8 Biggest Brands Owned By Bernard Arnault’s LVMH

According to Forbes, Bernard Arnault is the third richest man in the world and the richest man from Europe. He is also known as the luxury king or brand giant because his company, LVMH, runs about 75 luxury brands, some of which are the biggest and most expensive brands in the world. Bernard Arnault had a net worth of $76 billion as of March 2020, just before the pandemic; be that as it may, the pandemic appeared to have been good to Arnault as his total assets was seen expanding from $76 billion to $112 billion to $193 billion. In this article, we present the most successful brands from Bernard Arnault's LVMH.

Bernard Arnault Brands

• Gucci
• Hublot
• Tiffany & Co.
• Bulgari
• Hennessy
• Moet
• Christian Dior
• Fendi
• Louis Vuitton

9. Gucci

This Italian luxurious extravagance design brand was laid out in 1921 in Florence, Tuscany by Guccio Gucci. The Gucci brand became synonymous with the Italian Dolce Vita in the 1980s. a global brand; Gucci was a well-known geek-chic brand in the 2010s, and by 2019, the company had approximately 487 stores and had sold $10. 110 billion. From 1995 until it had a 35 percent stake in the Gucci group, Bernard Arnault's LVMH quietly bought Gucci shares in order to acquire the brand. The Gucci group was outraged when they found out because Bernard Arnault's LVMH had rejected an offer to buy Gucci for $400 million just five years earlier; only to come back five years later and spend $1. 4 billion on a 34% stake in Gucci. This sparked a conflict between Gucci and LVMH that caught the fashion industry off guard. However, by 2001, the Gucci group and LVMH, owned by Bernard Arnault, had reached an agreement.

8. Hublot

Carlo Crocco established the luxurious Swiss luxury watch brand Hublot in 1980. The Hublot brand is the trailblazer of the Huge explosion chronograph which won the global 2005 Plan Prize in the Geneva Watchmaking Great Prix. As usual, Bernard Arnault's LVMH never lets a posh brand pass him by; It is not surprising that he is referred to as a luxury giant. In 2008, he bought Hublot from its founder for an undisclosed sum.

7. Tiffany & Co.

Tiffany & Co. , more commonly referred to as Tiffany's, is an American luxury jewelry brand that is owned by the French. In 1837, Charles Lewis Tiffany and John B. Young established it. Getting Tiffany and Co. was not quite as consistent as different brands the extravagance monster had procured previously. After months of legal battles and price disputes, Tiffany & Co. was able to close the deal. However, in the end, Bernard Arnault's LVMH agreed to acquire Tiffany & Co. for 15. 8 billion, and the transaction was officially closed in January 2021. The CEO of LVMH appointed his son Alexandre Arnault as the brand's executive vice president following the acquisition of Tiffany & Co.

6. Bulgari

Bulgari is an Italian luxury brand that was founded in 1884 by silversmith Sotirios Voulgaris. The leather goods, perfumes, jewelry, accessories, and wristwatches of the brand are widely recognized. For a whopping $6. 0 billion in 2011, Bernard Arnault's LVMH acquired a 50. 4 percent stake in Bulgari; This was more expensive than any brand Bernad Arnault's LVMH had ever acquired at the time and cost 82% more than Hermes.

5. Henessy

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In 1765, Richard Henessy, a military officer, established Hennessy Hennessy, also known as Jas Hennessy & Co. It is a high-end cognac, and it has been reported that Hennessy is sold in one out of every four Cognacs sold worldwide. Along with Courvoisier, Remy Martin, and Martell, it is also regarded as one of the big four cognacs. Mot Hennessy, which is owned by LVMH owned by Bernard Arnault, owns Hennessy. In 2021, Hennessy's income rose by 26% and gave a $6. 7 billion income. Additionally, it established numerous industry-standard procedures in the cognac industry, then we also have some richest companies.

4. Moet

Moet et Chandon is now known as Moet et Cie, which translates to Moet & Co. Claude Mot, a wine merchant from Épernay, founded the company in 1743. Sparkling wine demand was also helped by King Louis XV's reign. Mot et Chandon was later given to the business in honor of Pierre-Gabriel Chandon de Briailles. In 1971, Mot et Chandon merged with Hennessy Cognac to form LVMH (Louis-Vuitton-Mot-Hennessy), the largest luxury conglomerate in the world with a 2004 net worth of over 16 billion euros. A decade later, they merged with Louis Vuitton to form LVMH (Louis-Vuitton-Mot-Hennessy).

3. Christian Dior

Christian Dior, whose original name was Christian Dior, is a luxury fashion brand that was established in Paris in 1946 by a French designer. Before expanding into other fashion categories, the Christian Dior brand started out as a posh couture house; perfumes, bags, shoes, etc. Bernard Arnault bought Dior in 1981, and in 2017 he bought the Parisian couture house for 12 billion euros in an effort to combine the perfume, couture house, and other Dior brands into a single entity. Dior currently generates $64. 2 billion in revenue from its 198 locations worldwide.

2. Fendi

Fendi is a luxury Italian brand that was founded in Rome in 1925. It is a brand that primarily produced and sold fur goods. Shoes, perfumes, eyeglasses, ready-to-wear items, and other items were later added. The LMVH conglomerate made the decision to buy a stake in Fendi at the beginning of the 2000s. Prada was thought to have also bought a stake at this time, but it wasn't long before Bernard Arnault bought Prada's shares as well. This made LMVH own 51% of Fendi. Arnault increased his stake in Fendi to 84% in 2003. Fendi is accounted for to as of now be valued at $6. 627 billion.

1. Louis Vuitton

Louis Vuitton Originally owned by Louis Vuitton, Louis Vuitton is a French luxury fashion brand. It was established in France in the year 1854. In 1989, around the same time that the LVMH conglomerate was established, Bernard Arnault moves in to acquire Louis Vuitton, which had already become famous. Shoes, jewelry, accessories, wristwatches, sunglasses, ready-to-wear, luxury bags, leather goods, and books are all produced by the brand. Louis Vuitton was considered the most valuable luxury brand in the world for six years, from 2006 to 2012. Louis Vuitton had a net worth of $315. 52 billion as of June 2022.