French luxury group LVMH is buying Italian peer Bulgari for 3.7 billion euros ($5.2 billion), adding luster to its jewelry business and broadening its exposure to emerging markets. From generation to generation, it builds upon the reputation of this exceptional vineyard.Located in the heart of Grasse, the cradle of the world’s perfume industry, Les Fontaines Parfumées is now home to the ateliers where Louis Vuitton and Parfums Christian Dior fragrances are created. It is the only group present in all five major sectors of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. The world leader in luxury, LVMH has deployed a business model marked by dynamic growth since its creation in 1987.“Our business model is anchored in a long term vision that builds on the heritage of our Houses and stimulates creativity and excellence. This model drives the success of our Group and ensures its promising future.”Discover the Houses of the LVMH groupThe LVMH Group has always been strongly committed to exemplary integrity and ethics in the conduct of its business and in its relations with all stakeholders. The Alessandro model pays tribute to the inimitable style that he established, the epitome of timeless elegance and visionary creativity.By establishing Le Bon Marché, Aristide and Marguerite Boucicaut creates the concept of the department store.Hennessy, Parfums Christian Dior and Veuve Clicquot carry out their first carbon assessment (Bilan carbone®).LVMH lends its support to the Picasso and the Masters exhibition in Paris.TAG Heuer revolutionizes the world of timepieces with the Monaco and its square case.Designed by French architect Christian de Portzamparc, the new Dior flagship in Seoul is a striking and spectacular expression of iconic Dior codes.After two years of work, Hennessy unveiled Pont Neuf, its new cognac bottling and logistics site. Spanning over 8,000 square meters, the new production unit will support Berluti’s expansion.The LVMH group inaugurates the Manifattura Thélios, a new Italian production site dedicated to eyewear.Louis Vuitton founds his House in Paris.LVMH increases presence in luxury hospitality sector with the acquisition of Belmond, established in 1976 and operating in 24 countries.The London-based LVMH House, a training center for Group leaders, opens its doors.Explore the original creations, innovations and landmark events that have made the LVMH group what it is.LVMH partners with Secours populaire to launch “Une Journée Pour Soi” (“A Day All Your Own”) initiative to support women in vulnerable situations in six French cities.With his Balloon Venus, Jeff Koons designs the gift set for Dom Pérignon Rosé Vintage 2003.During the Expo 2005 in Aichi, Louis Vuitton exhibits a pavilion of salt, as a symbol of its commitment to protecting the environment.LVMH commissions the artist Olivier Debré to create a stage curtain for the Shanghai Opera house.LVMH has partnered with Robyn Rihanna Fenty to create a new luxury Maison developed by Rihanna : FentyMarie-Etienne Nitot founds Chaumet, a Maison which still continues to nurture Parisian jewelry-making savoir-faire.Château Cheval Blanc opens its new ultra-modern winery, the work of architect Christian de Portzamparc.In Paris, LVMH inaugurates the Fondation Louis Vuitton, an exhibition space designed by the architect Frank Gehry to house contemporary art.Crafted with only Chardonnay grapes grown on a single walled parcel spanning just 1.85 hectares in the heart of Champagne, the first Clos du Mesnil vintage by Krug is produced.LVMH founds a division focused on the environment.Louis Vuitton opens its first store in Beijing, China, inside the prestigious Peninsula hotel.LVMH launches the LVMH Prize for Young Fashion Designers, which spotlights the talents of a new generation of designers.Two American entrepreneurs create DFS, which is currently the world leader in the sale of luxury products to international travelers.
LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers.. Since then, the House has grown while managing to perpetuate its family values and craftsmanship, which have been passed down through six generations.Zenith launches El Primero, a chronograph caliber with automatic winding.
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