fbpx

Who Owns Louis Vuitton: The Facts and the Fiction

Rate this post

The world of fashion has always been driven by trends and fickle fashion-forwardness. Almost every season brings a new take on the fashion world and each year, new brands emerge as the old names fade away. In the case of Louis Vuitton, the company has been around since 1847 but only started to gain international attention in the 1950s when it began to offer leather goods to the upper-class French. That’s the gist of Louis Vuitton. In other words, its history is more of a narrative rather than a set of facts that can be verified. The company name was derived from the name of a French district in which the original store was located. As the brand grew in prominence, it became a synonym for the refined class and elegance of the higher social classes in France. The logo itself was inspired by a metalworking design and the monogram was a tribute to the initials of Louis Vuitton’s three founders. However, the phrase “made in China” came to prominence with Louis Vuitton in the 1980s and is not related to the brand. It does not follow that just because a company has been around for a long time, it has a rich history and is therefore trustworthy. Other than the above, there isn’t much of factual background about Louis Vuitton. Let’s get to know the brand a little better…

Who owns Louis Vuitton?

Louis Vuitton is owned by LVMH, the world’s largest luxury group. The group’s most famous company is, of course, Moët & Chandon but Louis Vuitton is also a part of the group. LVMH controls more than 40 other brands including Givenchy, Marc Jacobs, and Fendi. The majority of the assets of Louis Vuitton are held by Kering, a 51% owned subsidiary of LVMH. This includes the majority of the shares of Louis Vuitton and the voting rights. Kering also holds shares in Moët & Chandon, Givenchy, and other LVMH brands. While the brand name is owned by LVMH, it is managed by the Louis Vuitton SA holding company, which is owned by Kering.

Where to buy a Louis Vuitton bag?

Louis Vuitton stores can be found across the globe including China, Canada, the United States, United Arab Emirates, Saudi Arabia, and Bahrain. You can also buy the brand’s handbags and accessories via its official website. However, the price difference is substantial between the two, since the site offers a fraction of what a Louis Vuitton store can charge. In the US, Louis Vuitton bags can be found at Neiman Marcus, Bloomingdale’s, Saks, Nordstrom, and other high-end department stores. In the UK, the bags can be found at Selfridges and Harrods.

What is the Louis Vuitton exchange rate?

Louis Vuitton purses and handbags are expensive, especially when it comes to investment-grade bags. The exchange rate of the Louis Vuitton exchange rate is $1 USD = 116.39 LV. You can also find out the latest cash conversion rates by visiting the website of the International Monetary Fund. Bags that are at the higher end of the investment-grade range will cost $5,000 USD on average. In order to purchase a bag with a certain investible value, you will have to pay an extra $1,150 USD.

The designer of Louis Vuitton

The designer of Louis Vuitton is Stephane Kélian, who joined the company in 1985. The designs are often intricate and full of beautiful details. They can be found both in the company’s high-end bags and its cheaper, more affordable accessories. Louis Vuitton has worked with numerous designers over the years. However, Stephane Kélian has been the creative director of the brand since 2008. The designs of Louis Vuitton bags often reference the cultures of the places where the bags are made. In the case of the Alma bag, it was inspired by the Alhambra Palace in Granada, Spain. The design of the bag, which is available in gold and silver, features the architecture of the palace. The bag also comes with a changing leather strap that allows for the bag to be transformed into a backpack.

Is Louis Vuitton authentic?

Louis Vuitton bags are pricey and, therefore, many consumers look too fake bags instead of paying the real price. There are many retailers that sell fake bags online as well as offline. They are usually produced in China and look very convincing. The way to verify whether a bag is authentic is to scan the bag’s QR code and see if the bag is listed in the database. If it is authentic, you will see the bag’s price, designer, model, dimensions, color, and other details. A list of retailers that sell authentic Louis Vuitton bags can be found on the website of the Global Association of the Replica Industry.

Final words

Louis Vuitton bags are fancy and expensive. However, if you have the money and love to flaunt it, you can buy one. However, the price tag does not necessarily reflect the quality of the bag. You can find authentic bags for a fraction of the price in second-hand stores or on Amazon. As for now, the market for Louis Vuitton bags is saturated with fake bags. You can either buy from a retailer or from a reseller. Although the reseller will charge a little more than the retailer, you can be sure that it is genuine and authentic.

Leave a Reply

%d bloggers like this: