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Who owns the high street: LVMH

Includes Louis Vuitton, Fendi, Céline, Dior, 24 Sèvres

French conglomerate LVMH controls some of luxury’s most powerful fashion houses. Louis Vuitton was founded in 1854, and has acquired some of the best-known names in designer fashion. It bought French fashion houses Givenchy in 1988 and Céline in 1996, and Italian Fendi in 2001. US designer brand Marc Jacobs was bought by LVMH in 1997. 

The conglomerate has now turned its attention online, launching luxury etailer 24 Sèvres, a possible rival to Farfetch and Net-a-Porter, in 2017. LVMH sold US womenswear brand Donna Karan at the end of 2016. The group, which also includes cosmetic, champagne and jewellery brands, announced rising revenues in the first nine months of 2017, fuelled by a 14% increase in sales of fashion and leather goods. 

However, it warned that an “uncertain geopolitical and currency environment” continued to create more challenging trading conditions.

 

 

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