LVMH

Informations about "LVMH" in news+stories

The gigantic French groupLouis Vuitton Moët Hennessy was created in September 1987 through the merger of the fashion company Louis Vuitton and the champagne and spirits manufacturer Moët Hennessy. The reason for this was that the directors of these companies, Henry Racamier (Louis Vuitton) and Alain Chevalier (Moët Hennessy), feared a hostile takeover. Moët et Chandon and Hennessy had already merged in 1971. Alain Chevalier became president of the new company, while Henry Racamier became his deputy. Bernard Jean Étienne Arnault (*1949), the founder and current Chairman of the Board, owns 47.5% of the shares and 64% of the voting rights in the company through his holding company "Groupe Arnault".

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