Richemont , a Swiss group, is the third of the major luxury conglomerates. Chanel S A, which is privately owned by the Wertheimer family, owns Chanel , Eres , and seven ateliers who specialize in haute couture techniques.
These include A. Michel et Cie a hat maker , Les Broderies Lesage one of the most famous embroiderers in the world , Lemarie who makes feathers and flowers , and Desrue a company that makes luxury buttons. Chanel explained that their purchase of the ateliers was to ensure that the ateliers and techniques do not disappear for example, a lot of embroidery is being done in India now, rather than France.
I applaud them for this move, as I have worked with some of these ateliers when I was at Sonia Rykiel who is privately owned, by the way and their skills are phenomenal. However, some of the other fashion houses criticized their move, saying they wanted to make sure that Chanel was always number one priority when it came to catwalk season and all the ateliers were crazy busy making flowers and feathers for all the big couture houses.
They also own some Jean Paul Gaultier licenses. This list is by no means exhaustive and I welcome any further information on the subject. Some of this stuff was quite complicated to research, and I am not sure how recent all of my sources are. This is why it is hard to make it as a small brand these days, as most big fashion companies have the backing of giant conglomerates or groups, which gives them a lot of security, resources, and power.
This was super educational for me, so thank you! Yes, it is a bit scary! He was a high-school dropout who built his fortune from a wood-importing business, which he then sold to invest in the luxury-goods business that was PPR and became the holding company Kering.
His biggest victory over his rival, Bernard Arnault, was the acquisition of the Gucci brand, after a public tussle for ownership. Like his contemporary and rival, Francois Pinault is also an art collector, has a 3,piece art collection including works by Picasso, Mondrian and Koons—which he displays in his Palazzo Grassi contemporary art museum in Venice.
He plans paywall to open a private museum in Paris in to display his contemporary art collection. The luxury brands the family own or control include :. By providing your email, you agree to the Quartz Privacy Policy. It is sold in Sephora. Most recognizable for: Luxury jewelry brand Bulgari is known for its watches and diamond necklaces.
The brand is known for its eyeshadow palettes. Source: Fashion Retail. Most recognizable for: Rimowa is a luggage company. The brand made headlines after launching a collection of luggage with the brand Supreme in December Source: The Fashion Law , Rimowa. Most recognizable for: Dior is a luxury brand, best known for its gowns and handbags. Celebrities such as Rihanna and Jennifer Lawrence are noted faces of the brand.
Most recognizable for: In , Fenty Beauty by Rihanna launched a shade range of foundations, which helped to revolutionize diversity in the beauty industry. The shade range has since expanded to 50 shades. Source: NPR , Elle. For you. World globe An icon of the world globe, indicating different international options. Get the Insider App. Click here to learn more. In so doing, LVMH continued to add to its growing stable of luxury and designer brands.
The brand was founded in by its namesake founder. Arnault purchased Parisian textile group Boussac, in bankruptcy protection, in for a symbolic one franc. Founded in , Sephora is a retailer of personal care and beauty items, with roughly 15, different products on offer as of this writing. Founded in the late 18th century by Philippe Clicquot, the Clicquot winemaking business that eventually became Veuve Clicquot was well known in its early years among champagne connoisseurs across Europe and the U.
The below chart illustrates how LVMH reports the diversity of its management and workforce. This shows if LVMH discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers.
Financial Times. The Wall Street Journal. The New York Times. Accessed July 7, Accessed May 7, The Fashion Law. Veuve Clicquot. Top ETFs. Alternative Investments. Company Profiles.
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