Bernard Arnault’s Louis Vuitton || LVMH mother of luxury brands | FACTS

#richest #forbes #trendingnow #lvmh #louisvuitton #luxurylifestyle #billonaire #bernardarnault Did you know, LVMH controls around whopping 60 subsidiaries that each manages a small number of prestigious brands, 75 in total. LVMH, which owns brands such as Louis Vuitton and Dior, is the world’s largest luxury goods conglomerate, with revenue reaching about $59 billion in 2019. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and Tiffany & Co. According to Deloitte, it takes the number-one spot, with $33 billion in luxury sales in 2020 and an 11.1% net profit margin. Bernard Arnault is the world’s third-richest person, with a net worth of $137 billion. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy - Louis Vuitton. In 2021, the total number of employees of the LVMH Group worldwide was 175,647. Credits: Forbes LVMH Louis Vuitton