In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. The Dapifer reported that LVMH would gain ownership of Chistian Dior haute couture, leather, both men’s and women’s ready-to-wear, and footwear lines. Arnault’s successful integration of various famous aspirational bransinto a single group has inspired other luxury comapnies to do the same.
LVMH opens its headquarters in New York, in a building designed by the architect Christian de Portzamparc.
FENDI makes a big impact by hosting a fashion show on the Great Wall of China.
LVMH launches the Institut des Metiers d'Excellene, a vocational training program that allows the Group to pass on unique skills to new generations.
LVMH and Kering draw up a charter on working relations with fashion models and their well-being.
On November 1st, co-founder Alain Chevalier passes away in his home in Megeve, France.
Today, LVMH has the largest market capitalization in France, with a record of 203 billion euros on 17 January 2020. It has become a world leader in luxury products and a pioneer for elegant living.