Louis Vuittonhttps://youtu.be/C-qX7eaJZIs Moet Hennessy, one of the world's leading fashion luxury goods company, reported a 32% yearly surge in the revenue to 14 billion euros in the first quarter of 2021. In January, LVMH acquired America's largest jewellery maker Tiffany &Co
for $15.8 million, largest deal in the luxury fashion business so far. The deal was designed to boost LVMH's smallest business, the jewellery and watch division that is already home to Bulgari and Tag Heuer, and help it expand in one of the fastest-growing industry segments while also strengthening its US presence.
The business tycoon entered the luxury goods market in 1984, when he took over the bankrupt textile group that owned Christian Dior. He sold all of the company's other businesses and used the proceeds to buy a controlling stake in LVMH. In 1989, he became the majority shareholder of LVMH Moët Hennessy - Louis Vuitton, creating the world's leading luxury products group. He has been chairman and chief executive of the company since that date.
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