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Acquisition by LVMH. In 1987, with the approval of the Vipiana family, Bernard Arnault purchased a portion of Céline's capital. In 1996, the brand was integrated into the LVMH group for 2.7 billion French francs ($540 million). LVMH propelled the house to fame with the opening of a flagship boutique at 36 avenue Montaigne in Paris.
Businessman. Known for. CEO, LVMH Watches (2024-present) Parent. Bernard Arnault (father) Relatives. Antoine Arnault (half-brother) Delphine Arnault (half-sister) Frédéric Bernard Jean Étienne Arnault ( French pronunciation: [fʁedeʁik aʁno]; born 10 November 1995 [1]) is a French businessman who has been the CEO of LVMH Watches since 2024.
Established in Plymouth in 1965 as Marine Projects (Plymouth) Ltd, Princess Yachts was bought in 1981 by South African businessman Graham J. Beck. Marine Projects became Princess Yachts International PLC in 2001. In June 2008, Beck sold a 75% stake in the business to French businessman Bernard Arnault 's investment group, L Capital 2 FCPR, an ...
Kering ( French: [kɛːʁiŋ]) is a French-based multinational corporation specializing in luxury goods. It owns the brands Gucci, Balenciaga, Bottega Veneta, Yves Saint Laurent, Creed and Alexander McQueen . The timber-trading company Pinault S.A. was founded in 1962, by François Pinault. After the company was quoted on Euronext Paris in 1988 ...
The Swatch Group is the largest watch company in the world and employs about 31,000 people in 50 countries. The group owns the Swatch product line and other luxury brands, including Blancpain, Breguet, Certina, ETA, Glashütte Original, Hamilton, Harry Winston, Longines, Mido, Omega, Rado, and Tissot.
A joint venture between Prada and the De Rigo group was also formed that year to produce Prada eyewear. In October 1999, Prada joined with LVMH and beat Gucci to buy a 51% stake in the Rome-based Fendi S.p.A. Prada's share of the purchase (25.5%) was worth US$241.5 million out of the reported US$520 million total paid by both Prada and LVMH.
The LVMH Tower is a 24-story high-rise office tower on 57th Street, near Madison Avenue, in Midtown Manhattan, New York City. Designed by Christian de Portzamparc, the building opened in 1999 as the overseas headquarters of Paris -based LVMH Moët Hennessy Louis Vuitton SE. The building has received widespread praise from architecture critics.
Under LVMH. In 1984 Bernard Arnault purchased Bon Marché and in 1987 the company became a founding member of Arnaults group LVMH. Operations. In 1922, when the decorative arts were at their high point in France, the Pomone design and decorating department was established, following the trend of other Parisian department stores.