LVMH Moët Hennessy Louis Vuitton
LVMH Moët Hennessy Louis Vuitton
LVMH Moët Hennessy Louis Vuitton
History[edit]
In the 1980s, French investor Bernard Arnault had the idea to create a group of luxury brands.
[9]
He worked with Alain Chevalier, CEO of Moët Hennessy, and Henry Racamier, president
of Louis Vuitton, to form LVMH.[10] Their successful integration of various famous aspirational
brands into a single group inspired other luxury companies to do the same. Thus, the French
conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of
luxury brands.[citation needed] LVMH is a component of the Euro Stoxx 50 stock market index.[11]
Make Up For Ever was established in 1984,[12] and was acquired by LVMH in 1999.[13]
On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the
Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly
owned.[14] The transaction was about $5.2 billion.[15]
By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on
Asia.[16] In 2012, the growth of LVMH's sales "decreased by about 10 percent from the growth rate
in 2011", and in early 2013 LVMH expressed that it would "stop opening stores in second and
third-tier cities in mainland China".[16] Xue Shengwen, a senior researcher at ChinaVenture, said
the developing trend of young people is to take advantage of more acceptable prices.[16]
On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would
open its first store in Beijing as a co-investment of LVMH's private equity LCapitalAsia and the
Chinese apparel company Xin Hee Co., Ltd.[16]
In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De
Vincenzo, taking a minority 45% stake in the firm.[17][18]
In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather,
men's and women's ready-to-wear, and footwear lines to integrate the entire Christian Dior brand
within its luxury group.[19]
In January 2018, LVMH announced record sales of 42.6 billion euros in 2017, up 13% over the
previous year, as all divisions turned in strong performances. In the same year, the net profit
increased by 29%.[20] On 1 November 2018, co-founder Alain Chevalier died at age 87.[21]
The LVMH Tower in Midtown Manhattan, with its
bluish, gem-shaped, angulated glass facade
On 12 May 2019, the fashion house Fenty, styled as FEИTY, created by singer Rihanna, was
launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years, and she is the
first woman of colour to head a brand under LVMH.[22][23] On 15 July 2019, LVMH announced a
new partnership to further develop the Stella McCartney House.[24] On 29 November 2019, LVMH
announced its 55% stake in Château d'Esclans, the producer best known for the brand
Whispering Angel.[25] The acquisition was part of LVMH's move to offer a beloved high-end rosé
portfolio, in addition to reaching customers worldwide.[26][27] 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.[28] LVMH issued a statement in September 2020 indicating that the takeover would
not proceed and that the deal was "invalid" because Tiffany handled the business during the
COVID-19 pandemic.[29] Subsequently, Tiffany filed suit against LVMH, asking the court to compel
the purchase or to assess damages against the defendant; LVMH planned to counter sue,
alleging that mismanagement had invalidated the purchase agreement.[30]
In mid-September 2020, a reliable source told Forbes that the reason for Arnault's decision to
cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in
dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some
US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled
to be paid in November 2020.[31] LVMH filed a counterclaim against the court action commenced
by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic
and claimed that it was 'burning cash and reporting losses'".[32] In late October 2020, Tiffany and
LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly
$16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the
amount paid per share by LVMH from the original price of $135 to $131.50.[33] As of late 2020,
LVMH has the largest market capitalization of any company in France,[34] and also in
the Eurozone with a record of 261 billion euros ($317.6 billion).[35] As of December 2020, Arnault's
own fortune was nearly half that, with a personal net worth of $151.7 billion.[36]
LVMH completed the purchase of Tiffany in January 2021.[37] In 2021, with a valuation of
$329 billion, LVMH became the most valuable company in Europe.[38]
In January 2022, LVMH acquired a minority stake in the New York-based label Aimé Leon
Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH
Luxury Ventures arm.[39] In March 2022, LVMH announced the closure of its 120+ stores in
Russia, "given the current circumstances in the region",[40] due to the Russo-Ukrainian War. An
LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500
employees in Russia.[40] In November 2022, it was announced LVMH had acquired the Piedmont-
based jewellery maker Pedemonte Group.[41]
On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation.[42]
Corporate structure[edit]
LVMH is headquartered in the 8th arrondissement of Paris, France.[5]
The company is listed on the Euronext Paris exchange[43] and is a constituent of the CAC
40 index.
As of 2009, the group employed more than 83,000 people,[44] 30 percent of LVMH's staff worked
in France, and LVMH operated over 2,400 stores worldwide.[45]
As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[44] In
2013, with a revenue of $21.7 billion, LVMH was ranked first luxury goods company in Deloitte's
"Global Powers of Luxury Goods" report.[46] By 29 February 2016, the company had a share value
of 78,126 million euros, distributed in 506,980,299 shares.
Shareholders[edit]
As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held
by Diageo.[47]
As of 2013, Christian Dior SE was the leading holding company of LVMH, owning 40.9% of its
shares and 59.01% of its voting rights.[48] Bernard Arnault is Chairman and CEO of LVMH and
Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior
shares in a reported $13.1 billion buyout.[49]
At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group,
the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's
stock and 63.13% of its voting rights.[50]
Senior leadership[edit]
Bernard Arnault has served as LVMH's chairman and CEO since January 1989.[51] Alain
Chevalier was chairman from 1987 until Arnault took over the role.[52]
Media group[edit]
In 2007, Arnault bought France's leading financial newspaper, Les Echos, from the British
company Pearson for 240 million euros (US$262 million) after a negotiating period of four
months.[53]
In 2015, LVMH bought the newspapers Le Parisien and Aujourd’hui en France from the Amaury
Group. Marie-Odile Amaury, the group's owner, initially hoped for 200 million euros ($218 million)
which were later revised to 150 million ($163 million) during a previous sale attempt, but a bid of
50 million euros ($54.5 million) was made.[54] The financial transaction was completed at the end
of October 2015.[55]
In 2018, the Lagardère Group sold the stock market information website Boursier.com to Les
Echos-Le Parisien Group.[56] In March 2018, Pierre Louette, former CEO of Agence France-
Presse from 2005 to 2010, was named CEO of Les Echos-Le Parisien Group, succeeding
Francis Morel, who had held this position for seven years.[57]
In 2022, Les Echos-Le Parisien Group acquired 75% of the share capital of the French polling
and research institute OpinionWay, which has 140 employees.[58]
Les Echos-Le Parisien Group also acquired Radio Classique, Connaissance des Arts,
[58]
and Investir and bought 50% of Medici.tv as well as Mezzo TV and EuroArts.[59][60] Les Echos-Le
Parisien Group is also present in business services represented by its subsidiaries, such as
Netexplo, Les Echos Etudes, and Les Echos Publishing, as well as communication services for
companies such as Les Echos-Le Parisien Partenaires and Pelham Media.[59] ChangeNow,
Investir Day, and VivaTech (co-founded with Publicis) are subsidiaries whose objective is to
offer trade shows and corporate events.[59]
Subsidiaries[edit]
A partial list, including some of LVMH's best-known brands and subsidiaries:[45][61]
Wines and spirits Fashion and leather Perfumes and cosmetics Watches and Selective retailing
goods jewelry
Ao Yun Acqua di Parma DFS
Ardbeg Berluti Benefit Bulgar La
Belvedere Celine Cosmetics i Grand
Bodega Numanthia Christian BITE Beauty Chaum Epice
Chandon Dior Cha Ling et La
Château Emilio Fenty Daniel Sama
d'Esclans (Whisper Pucci Beauty by Rihan Roth ne
ing Angel) Fendi na Fred Le Bo
Château Cheval Givench Fresh Beauty Gerald March
Blanc y Parfums Genta Starbo
Château d'Yquem JW Givenchy Hublot Cruis
Anderso Guerlain Reposs Servic
Château Minuty [62]
Journées Particulières[edit]
Launched in 2011, Journées Particulières (Particular Days) is a biennial event which allows
visitors to enter the various ateliers, studios, caves, and mansions owned by LVMH, for free.
For the first edition we were not at all certain that the public would come. I speak about that with
some emotion. I remember coming along avenue Montaigne at 8AM that first morning and
seeing hundreds of people, families, elderly ladies and little kids waiting for the doors of avenue
Montaigne 30 to open and I thought we are going to write a beautiful page in history.
Fashion[edit]
In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a
€300,000 grant with a year of mentoring; it was the brainchild of Delphine Arnault.[71] In February
2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas
Tait, Meadham Kirchhoff, Marques'Almeida, J JS Lee, and others,[72] and Thomas Tait was the
winner.[73] Marques'Almeida won the 2015 prize.[73] In 2019, South African designer Thebe
Magugu became the first African to win the prize,[74] and was commended by the President of
South Africa, Cyril Ramaphosa.[75]
LVMH underwrites other fashion competitions, including the Andam prize in France, the
International Festival of Fashion and Photography in Hyères, France, an investment fund for
young designers created by the French Ministry of Culture and Communication, and a
scholarship program and sponsored lecture theater at Central Saint Martins in London.[71]
Music[edit]
The group also lends Stradivarius violins to young talented musicians. Maxim
Vengerov and Laurent Korcia have used the instruments.
Humanitarian aid[edit]
On 26 August 2019, Bernard Arnault declared that LVMH would donate $11 million to help fight
the 2019 Brazil wildfires.[76]
During the COVID-19 crisis, the group shifted its production of perfume and spirits towards hand
sanitizer. This production of 12 tons has been offered to hospitals in Paris, France.[77]
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims
of the Russian invasion.[78] On 2 March 2022, LVMH Group pledged €5 million to the Red
Cross to those affected by the war.[79][80] In addition, the company closed 124 of its stores in
Russia.[81]
E-commerce[edit]
On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search
business Lyst, as a way for LVMH's luxury brands to expand their presence online and capture
younger shoppers.[84] LVMH contributed to Lyst's $60 million funding round, which also included
access to LVMH's international expertise, designed to drive Lyst's global expansion.[85]
Financial data[edit]
Financ
ial
data 2006 2007 2008 2009 2010 2014 2015 2016 2017
2011 2012 2013
(in [86] [86] [86] [86] [44] [87] [88] [89] [90]
million
euros)
15,3 16,4 17,1 17,0 20,3 23,6 28,1 29,0 30,6 35,6 37,6 42,6
Sales
06 81 93 53 20 59 03 16 38 64 00 36
Net
profit
(before
2,16 2,33 2,31 1,97 3,03 3,06 3,90 3,94 6,10 4,00 4,36 5,61
minorit
0 1 8 3 2 5 9 7 5 1 3 6
y
interes
ts)
Total 11,5 12,5 13,8 14,7 18,2 23,5 25,6 27,9 23,0 25,7 27,9 30,2
equity 94 28 87 85 04 12 66 07 03 99 03 60
Controversy[edit]
John Galliano's anti-semitism[edit]
Further information: John Galliano § Anti-semitic outbursts
On 25 February 2011, Christian Dior announced they had suspended designer John Galliano
following his arrest over an alleged anti-semitic tirade in a Paris bar.[91] In France, it is against the
law to make anti-semitic remarks of this nature, and it can be punished by up to six months in
prison.[92] On 1 March 2011, Christian Dior officially announced that it had fired Galliano amidst
the controversy.[93]
Sebastian Suhl[edit]
Further information: Sebastian Suhl § Givenchy
In 2012 former Prada COO Sebastian Suhl was hired by Givenchy as the company's new CEO.
[94]
The Asian Transnational Corporation Monitoring Network (ATNC), a network made of 15
organizations from 12 Asian countries wrote a letter of concern to LVMH Group's Bernard Arnault
as Suhl was at the same time a key person in the Prada Female Discrimination Case where he
was described as complicit in sexual harassment and discrimination practices.[95][96]
Corruption[edit]
During December 2021, LVMH paid €10 million to settle claims in Paris to end several criminal
investigations that a former French intelligence chief, Bernard Squarcini, spied for the company,
on competitors and others, including on an activist making a film about its billionaire owner,
Bernard Arnault. Prosecutors allege that the intelligence chief used tactics like influence
peddling, invasion of privacy, and leveraging his network in intelligence and police on behalf of
the company.[97]
See also[edit]
Estée Lauder Companies
Richemont
Kering
Luxottica
Portals:
Companies
Fashion
France
References[edit]
1. ^ Jump up to:a b "LVMH MOET HENNESSY LOUIS VUITTON". Infogreffe. Retrieved 9
September 2020.
2. ^ Jump up to:a b c d e f g "LVMH 2022 Annual Report" (PDF). 8 June 2023.
3. ^ "6 Companies Owned by LVMH (Moët Hennessy Louis Vuitton SE)". Investopedia.
Retrieved 14 February 2023.
4. ^ "LVMH Moët Hennessy Louis Vuitton". Greffe du tribunal de commerce de Paris.
Retrieved 9 September 2020.
5. ^ Jump up to:a b "LVMH Moët Hennessy Louis Vuitton SA – Company History". Funding
Universe. Retrieved 30 June 2011.
6. ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer – LVMH to take
controlling stake in Bulgari". FT.com. Retrieved 30 June 2011.
7. ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40
index". LVMH.com. Archived from the original on 7 June 2011. Retrieved 30 June 2011.
8. ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 29 January 2010
9. ^ CNBC International TV (28 April 2018). "Bernard Arnault, Chairman and CEO of
LVMH". Youtube.com. Archived from the original on 22 December 2021. Retrieved 19
August 2021.
10. ^ "Alain Chevalier, co-founder of LVMH, dies aged 87". Fashion United. 5 November
2018. Retrieved 26 August 2021.
11. ^ "Frankfurt Stock Exchange". Archived from the original on 8 February 2019.
Retrieved 22 October 2015.
12. ^ Wellington, Elizabeth (1 August 2013). "Mirror, Mirror: Joy! Make Up For Ever comes to
King of Prussia". philly.com. Retrieved 3 December 2013.
13. ^ "Dany Sanz, pionnière du make-up". elle.fr. Retrieved 3 December 2013.
14. ^ Roberts, Andrew (7 March 2011). "LVMH Plans to Buy Bulgari for $5.2 Billion After
Acquiring Majority Stake". Bloomberg.com. Bloomberg. Retrieved 24 October 2011.
15. ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). "LVMH bags jeweler Bulgari in
$5.2 billion deal". Reuters. Retrieved 24 October 2011.
16. ^ Jump up to:a b c d Kang, Xiaoxiao (7 March 2013). "LVHM investing in Chinese mid-
priced clothing market". Morning Whistle. Archived from the original on 26 March 2013.
17. ^ Astrid Wendlandt (24 February 2014). "LVMH invests in Italian brand Marco de
Vincenzo". Reuters.
18. ^ Socha, Miles (24 February 2014). "LVMH Takes Stake in Marco de Vincenzo". WWD.
Retrieved 24 February 2014.
19. ^ Hoang, Limei (25 April 2017). "LVMH Takes Control of Christian Dior in $13 Billion
Deal". Business of Fashion. Retrieved 29 March 2021.
20. ^ "Luxury Group LVMH Cautious for 2018 Despite Record Profits".
21. ^ "Alain Chevalier, Co-founder of LVMH, Dies at 87". 4 November 2018.
22. ^ "Rihanna makes history with new label". 10 May 2019. Retrieved 31 May 2019.
23. ^ "Everything We Know About Rihanna's New Fenty Perfume". sqandal.com. 13 August
2021. Retrieved 18 August 2022.
24. ^ "Stella McCartney and LVMH announce a new partnership to further develop the Stella
McCartney House". LVMH. Retrieved 28 November 2019.
25. ^ "LVMH buys into Whispering Angel". 29 November 2019. Retrieved 3 December 2019.
26. ^ "Moët Hennessy Buys Control of Luxury Rosé Leader Château d'Esclans". Wine
Spectator. Retrieved 3 December 2019.
27. ^ "Château d'Esclans Côtes-de-Provence: The World Leader in Luxury Rosé Wines Joins
Moët Hennessy". www.prnewswire.co.uk. Retrieved 3 December 2019.
28. ^ "LVMH Acquires Tiffany & Co. For $16.2 Billion". Forbes. 26 November 2019.
Retrieved 30 November 2019. LVMH will "develop this jewel with the same dedication
and commitment that we have applied to each and every one of our Maisons. We will be
proud to have Tiffany sit alongside our iconic brands and look forward to ensuring that
Tiffany continues to thrive for centuries to come"
29. ^ "LVMH Says Tiffany's Handling of Pandemic invalidates deal". Market Screener.
Retrieved 11 September 2020.
30. ^ "Grandmaster Bernard Arnault looks to the Tiffany endgame". 247 News. Archived
from the original on 18 May 2021. Retrieved 12 September 2020.
31. ^ "Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic
Dividends Despite $32 Million In Losses". Forbes. Archived from the original on 18 May
2021. Retrieved 16 September 2020.
32. ^ "LVMH files countersuit against Tiffany over US$14.5B deal". CTV News. 29 September
2020. Retrieved 1 October 2020.
33. ^ "LVMH agrees to buy Tiffany for lower price". The Washington Post.
34. ^ "Tiffany Agrees To Accept Lower Price For Acquisition By LVMH". Business Insider. 29
October 2020. Retrieved 29 October 2020.
35. ^ "LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (LVMUY : OTCMKTS)
Stock Price & News - Google Finance". www.google.com. Retrieved 31 December 2020.
36. ^ "Bernard Arnault & family". Forbes. Retrieved 31 December 2020.
37. ^ Piscioneri, Francesca (26 January 2021). "More carats and sparkle: How LVMH plans
to change Tiffany". Reuters. Retrieved 29 March 2021.
38. ^ Cormack, Rachel (2 March 2021). "At $329 Billion, LVMH Is Now the Most Valuable
Company in Europe". Robb Report. Retrieved 21 May 2021.
39. ^ "LVMH acquires stake in New York-based label Aimé Leon Dore | The Industry
Fashion". 18 January 2022. Retrieved 18 January 2022.
40. ^ Jump up to:a b Maheshwari, Sapna (4 March 2022). "Luxury giants LVMH and Hermès
will close stores in Russia temporarily". The New York Times. ISSN 0362-4331.
Retrieved 15 August 2022.
41. ^ Shoaib, Maliha (25 November 2022). "LVMH acquires jewellery producer Pedemonte
Group". Vogue Business. Retrieved 26 November 2022.
42. ^ Ponthus, Julien (24 April 2023). "LVMH's Market Value Surpasses $500 Billion, a First
in Europe". Bloomberg News. Archived from the original on 27 April 2023. Retrieved 27
April 2023.
43. ^ "LVMH". European Equitites. Archived from the original on 30 January 2013.
Retrieved 12 December 2012.
44. ^ Jump up to:a b c "Annual Report 2010" (PDF). LVMH.com. Retrieved 4 February 2012.
[permanent dead link]
45. ^ Jump up to:a b LVMH First half 2009 interim report Archived 24 August 2009 at
the Wayback Machine LVMH Retrieved 29 January 2010
46. ^ "Deloitte Global Powers of Luxury Goods 2014 report" (PDF). Archived from the
original (PDF) on 17 June 2015.
47. ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). "LVMH denies being in Moët sale
talks with Diageo". The Times. London.
48. ^ "Organizational chart as of April 30, 2013". Dior. Archived from the original on 17
December 2013. Retrieved 12 April 2016.
49. ^ Prasad, Manoj (14 April 2023). "In 2017, Arnault Bought all Christian Dior Shares for
$13.1 Billion". 𝐁𝐞𝐬𝐭𝐫𝐚𝐭𝐞𝐝𝐬𝐭𝐲𝐥𝐞. Retrieved 22 July 2023.
50. ^ "LVMH – Financial Report 2017" (PDF). LVMH. p. 4. Archived from the
original (PDF) on 29 January 2018. Retrieved 30 March 2018..
51. ^ "Members of the Executive Committee of the LVMH Group" (PDF).
52. ^ Greenhouse, Steven (17 December 1989). "A Luxury Fight to the Finish". New York
Times.
53. ^ "LVMH buys Les Echos from Pearson". BBC News. 5 November 2007. Archived from
the original on 29 November 2014. Retrieved 25 June 2023.
54. ^ Delcambre, Alexis (26 May 2015). "LVMH va tenter le mariage du 'Parisien' et des
'Echos'" [LVMH will attempt the marriage of 'Parisien' and 'Echos']. Le Monde (in
French). Archived from the original on 25 June 2023. Retrieved 25 June 2023.
55. ^ Woitier, Chloé (30 October 2015). "Les Échos bouclent le rachat du Parisien" [Les
Echos complete the takeover of the Parisian]. Le Figaro (in French). Archived from the
original on 25 June 2023. Retrieved 25 June 2023.
56. ^ "Lagardère poursuit son recentrage et vend Boursier.com" [Lagardère continues its
refocusing and sells Boursier.com]. L'Express (in French). Agence France-Presse. 8
November 2018. Archived from the original on 25 June 2023. Retrieved 25 June 2023.
57. ^ Manière, Pierre (8 March 2018). "Pierre Louette devient PDG du groupe Les Echos-Le
Parisien" [Pierre Louette becomes CEO of the Les Echos-Le Parisien group]. La
Tribune (in French). Archived from the original on 25 June 2023. Retrieved 25
June 2023.
58. ^ Jump up to:a b "Le groupe Les Echos-Le Parisien prêt à acquérir OpinionWay" [Les
Echos-Le Parisien group ready to acquire OpinionWay]. Le Figaro (in French). Agence
France-Presse. 26 July 2022. Archived from the original on 25 June 2023. Retrieved 25
June 2023.
59. ^ Jump up to:a b c P.L. (26 July 2022). "Le groupe Les Echos-Le Parisien ..." [Les Echos-
Le Parisien group ready to acquire the OpinionWay polling institute]. BFM TV (in
French). Agence France-Presse. Archived from the original on 25 June 2023.
Retrieved 25 June 2023.
60. ^ https://www.pizzicato.lu/french-media-group-acquires-euroarts/
61. ^ "Houses". LVMH. Retrieved 19 August 2021.
62. ^ Gabay, Elizabeth (16 February 2023). "LVMH expands Provence rosé offering by
acquiring Château Minuty". Decanter. Retrieved 5 August 2023.
63. ^ Jump up to:a b c Deeny, Godfrey (12 October 2018). "Antoine Arnault kicks off the
Journées Particulières of LVMH". Fashion Network. Retrieved 13 November 2021.
64. ^ "Présentation de l'expo Warhol". Rmn.fr. Archived from the original on 13 December
2011.
65. ^ "LVMH, mécène de l'exposition". Rmn.fr. Archived from the original on 21 July 2009.
66. ^ "Exclusively for the Champs-Elysees".
67. ^ "BlouinARTINFO".
68. ^ "Espace Culturel". Archived from the original on 11 February 2016. Retrieved 7
November 2015.
69. ^ "Louis Vuitton s'est associé à neuf créateurs". Le Figaro. Archived from the original on
4 March 2016.
70. ^ "Prix LVM