Tod's Group and L Catterton Sign Deal to Delist from Italian Stock Exchange or Merge
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Can LVMH Write the Book on Developing Human Potential in Brands and Businesses?
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The more AOC studies LVMH from every angle, the more impressive the organization becomes. I’ve been researching ways in which LVMH has addressed the philosophy of humanism. The concept flourishes across the maisons, and it seems that great care is given to developing both the executives and the artisans.
Fundamental to the maisons is a similar vision for how the brands interact with their clients — and not only their elite-class clients. LVMH plants deep, dynamic forests for their brands.
As everyone says, LVMH moves fast, but it’s also the case that huge mistakes are avoided because of a culture of deep roots and also deep knowledge about the humans who work in their businesses.
Read MoreLVMH Reports Record 2023 Financial Results Adding $30 Billion to Market Value
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Louis Vuitton, Moët & Chandon and Hennessy [LVMH] reported 2023 year-end sales of 86.15 billion euros [$93.46 billion], representing a 10% organic increase in fourth quarter and a 13% organic growth yearly increase against 2022.
Profit from recurring operations stood at €22.8 billion for 2023, up 8%. The current operating margin remained stable with respect to 2022. In addition, LVMH has advised the markets that it anticipates no further price increases across its business units in 2024.
Now that he is back to being the richest man in the world, thanks to a 12% rise in LVMH’s stock price on Friday, Arnault’s practice of engaging his children in collective conversations around every aspect of the entire LVMH business over Zoom lunches — early breakfast in New York — reminds us that the family is not a Rupert Murdoch-like clan of cannibals.
Read MoreLVMH Moves: Pietro Beccari Will Lead Louis Vuitton | Delphine Arnault At Helm of Dior
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LVMH made major news this morning with significant executive suite moves at motherlode brands Dior and Louis Vuitton.
Pietro Beccari, the chairman and CEO of Christian Dior Couture, has been appointed chairman and CEO of Louis Vuitton, succeeding Michael Burke.
Delphine Arnault, the executive vice president of Louis Vuitton, who oversees all of its product-related activities including the blockbuster January 2023 Louis Vuitton x Yayoi Kusame collaboration, has been named chairman and CEO of Christian Dior Couture.
Read MoreCasa Degli Atellani in Milan, Once Home to Leonardo DaVinci, Purchased by Bernard Arnault
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Casa Degli Atellani has been purchased by Bernard Arnault the chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton.
Built around 1490, the landmark was donated by Ludovico “Il Moro” Duke of Milan to Leonardo Da Vinci in 1498. The legendary artist was in Milan working on his masterpiece ‘The Last Supper’.
The 15th century townhouse hides a verdant courtyard that has been restored to its centuries-old status as home to Da Vinci’s vineyard. Casa Degli Atellani is presently the “only existing wine-producing estate in the center of a metropolis”.
Read MorePhoebe Philo, Backed by LVMH, Will Return to Fashion in 2022
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