References in periodicals archive ?
LVMH is one of the world's biggest fashion and drinks groups and owns many luxury brands including Louis Vuitton, MoE1/2t & Chandon, Hennessy, Veuve Clicquot, Bulgari, Dior, Celine and Givenchy.
His daughter Delphine is executive vice president of Louis Vuitton and a member of LVMH's executive board.
After just 15 months in business, Fenty Beauty has reportedly racked up $570 million in sales, with the business worth an estimated $3 billion for LVMH, which owns a reported 50% of the company to Rihanna's estimated 15%, a figure her team would not confirm.
Fenty - after the "Umbrella" hitmaker's full name, Robyn Rihanna Fenty - will build on the singer's existing joint venture in cosmetics with LVMH, with a full range of clothing, shoes and accessories.
Rihanna will become the first woman to create an original brand at LVMH, the first woman of colour at the top of an LVMH Maison, and her line will be the first new house created by the group since Christian Lacroix in 1987.
She naturally finds her full place within LVMH. To support Rihanna to start up the Fenty Maison, we have built a talented and multicultural team supported by the Group resources.
The announcement comes after months of speculation, including reports of a 'Project Loud' between Rihanna and LVMH.
Through this acquisition, LVMH will increase its presence in the ultimate luxury hotel world.
LVMH Moet Hennessy Louis Vuitton, the parent company of Dior, Givenchy and Fendi, apparently thinks so.
Situated on 2.70-acres, the facility was fully renovated in 2003 and is triple net leased to LVMH, which has invested a significant amount of capital in the property over the course of its 20-year occupancy.View the full article from NJBIZ at http://www.njbiz.com/article/20190107/NJBIZ01/190109910/cbre-arranges-133m-lvmh-building-sale-in-springfield.
Roland Hernandez, chairman of the board of directors of Belmond, said: "Following a strategic review that attracted broad and deep interest from a wide range of real estate and lodging companies, sovereign wealth institutions and other financial buyers around the world, the board has concluded that this transaction with LVMH provides compelling and certain value for our shareholders as well as an exciting path forward with a group that appreciates Belmond's irreplaceable assets and strong management team."
Acronyms browser ?
Full browser ?
- LVL CHG