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The Birth of Luxury Big Business: LVMH, Richemont and Kering

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Global Luxury

Abstract

Today, large enterprises exercise domination of the luxury industry. According to a survey published by the consulting company Deloitte in 2015, 27 companies in this business had luxury goods sales of over two billion USD in 2013, the largest being LVMH with 21.8 billion USD (Deloitte, Global power of luxury goods 2015. Deloitte Touche Tohmatsu Ltd, 2015). In addition, although many brands owned and managed by these firms have a long history, some of them going back to the early nineteenth century, the dominance of big business in the luxury industry is a relatively recent phenomenon.

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Notes

  1. 1.

    IPO dates were gathered on the basis of companies’ websites and the series International Directory of Company Histories, St. James, published since 1988.

  2. 2.

    Louis Vuitton SA, Rapports annuels, 1981–1985.

  3. 3.

    Eurostaf Dafsa, LVMH, 1987.

  4. 4.

    LVMH, Reference document, 2012, p. 109.

  5. 5.

    « Vendôme Luxury Group », International Directory of Company Histories, Vol. 27. St. James Press, 1999.

  6. 6.

    Les Echos, 10 June 1996.

  7. 7.

    http://www.groupeartemis.com (accessed 25 July 2016).

  8. 8.

    “Gucci Group N.V.”, International Directory of Company Histories, Vol. 50. St. James Press, 2003.

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Authors and Affiliations

  1. Graduate School of Economics, Osaka University, Toyonaka, Osaka, Japan

    Pierre-Yves Donzé

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  1. Pierre-Yves Donzé
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Editors and Affiliations

  1. Osaka University, Toyonaka, Osaka, Japan

    Pierre-Yves Donzé

  2. Kansai University, Suita, Osaka, Japan

    Rika Fujioka

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Donzé, PY. (2018). The Birth of Luxury Big Business: LVMH, Richemont and Kering. In: Donzé, PY., Fujioka, R. (eds) Global Luxury. Palgrave, Singapore. https://doi.org/10.1007/978-981-10-5236-1_2

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