Events
1988: Owner of Christian Dior
and Celine (Bernard Arnault):
acquires equity in LVMH and
joins Louis Vuitton1988: Arnault becomes
largest shareholder through
joint venture with Guiness1988: Arnault acquires Givenchy
and becomes LVMH’s president1990: Arnault becomes chairman1990: Acquires equity in Loewe (spanish fashion
house) and all assets of Pommery (largest
vineyard in Champagne region), LVMH
ownership of Guiness increases from 12% to
24%, LVMH becomes largest alcoholic producer1990-1994: several small acquisitions
(competitors: fashion, fragrance;
compliments: French, financial and business
publications), retail storefront expansion1994 - plans for controlling stake in
Guiness abandoned; stock swap executed1996 - Acquisition of Duty Free
Shopper (180 duty-free boutiques)1997 - 11% ownership of Grand Metropolitan
PLC (British food conglomerate)1999: Watch and jewellery division
established with acquisitions:
TAG Heuer, Zenith, and Ebel (luxury
watches), and Chaumet (jewellery)2000: Acquired various make up
brands and 3 famous auction houses
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