Who owns Hermes LVMH?

There are three families controlling 70% of Hermès, the Puech, Dumas and Guerrands. The 42-year-old Axel Dumas in January 2013 succeeded Patrick Thomas as CEO. Nadège Vanhée-Cybulski is currently helming the creative division of the 183-year-old company.

Does Hermes own Louis Vuitton?

– December 17, 2014: LVMH officially relinquished its Hermès shares. LVMH distributed the 23 percent stake – which was worth $7.5 billion at the time – to its shareholders and institutional investors. Arnault and his family now own less than 10 percent of Hermès.

How much does the CEO of LVMH make?

What is the salary of Bernard Arnault? As the Chairman and Chief Executive Officer and Member of the Executive Committee of LVMH Moët Hennessy Louis Vuitton SE, the total compensation of Bernard Arnault at LVMH Moët Hennessy Louis Vuitton SE is $3,470,000.

What companies fall under LVMH?

LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, TAG Heuer and Bulgari.

Who is the CEO of Hermes?

Axel Dumas (Jun 5, 2013–)
Hermès/CEO

Who is the founder of Hermes?

Thierry Hermès
Hermès/Founders
Thierry Hermès founded the company in 1837 as a harness workshop in Paris. Originally, his intent was to serve the needs of European noblemen by providing saddles, bridles and other leather riding gear.

Is LVMH a monopoly?

What is LVMH? Since 1987, the year that Louis Vuitton and champagne-cognac brand Moet Hennesy merged into LVMH, the conglomerate has been building a luxury monopoly, scooping up iconic brands across fashion, cosmetics, liquor and hotels.

Is Chanel owned by LVMH?

One of the few luxury fashion houses not amassed by conglomerates LVMH or Kering, Chanel has been privately owned by the Wertheimer family for almost a century.

How is Bernard Arnault?

Bernard Arnault, (born March 5, 1949, Roubaix, France), French businessman best known as the chairman and CEO of the French conglomerate LVMH Moët Hennessy Louis Vuitton SA, the largest luxury-products company in the world. Eight years later he changed the company’s name to Férinel Inc.

How much money does Bernard Arnault have?

189.1 billion USD (2021)
Bernard Arnault/Net worth

Why did LVMH buy Hermès?

LVMH had started buying up Hermès shares in 2002, eventually relying on cash-settled equity swaps, a tool frequently used by hedge funds who don’t want to disclose their purchases. After the acquisition came to light in Oct. 2010, Arnault maintained that his intentions toward Hermès were “friendly,” but Hermès didn’t see it that way.

What is the role of the executive management of Hermès International?

Hermès International’s executive management is comprised of the Executive Chairmen and the Executive Committee, which consists of Managing Directors, each of whom has well-defined areas of responsibility. Its role is to oversee the Group’s strategic management.

How much of Hermès does Arnault own now?

That effectively leaves Arnault with a roughly 8.5% stake in Hermès. Many of the Hermès shares previously owned by LVMH will likely be sold, increasing Hermès’ free float from the meager 6.78% before the deal, which should make Hermès more attractive to investors, says Solca.

How much is the Hermès family worth?

Since the deal was announced, Hermès stock has slid by some 8%, cutting into the fortunes of the more than 50 Hermès family members who hold shares. They are now worth a total of $23 billion, down from $25 billion, but theirs is still one of the world’s great family fortunes.