With its impressive roster of brands – 15 in the fashion and leather goods division, including Loewe, Louis Vuitton, Thomas Pink and Marc Jacobs, with total turnover of around €12.4bn (£10.6bn) – there is no ignoring LVMH’s dominance in the luxury sector.
Under the direction of chairman and chief executive Bernard Arnault, who has held the role since 1989, LVMH began 2016 with a bang. It announced that it had achieved a record revenue rise of 16% year on year to €35.7bn (£27bn) in 2015, as “strong momentum” in Europe, the US and Japan offset a weaker performance in Asia.
Sales have continued to increase since. Meanwhile, in July LVMH struck a $650m (£494m) deal to sell Donna Karan International to US firm G-III Apparel, which is expected to close at the end of this year or in early 2017.