Giorgio Armani S.p.A. ( pronounced [ˈdʒordʒo arˈmaːni] ), commonly known as Armani , is an Italian luxury fashion house founded in Milan by Giorgio Armani which designs, manufactures, distributes and retails haute couture , ready-to-wear , leather goods, shoes , accessories, and home interiors . Among others, Armani licenses its name and branding to Luxottica for eyewear and L'Oréal for fragrances and cosmetics. It is considered Italy's third-biggest fashion group behind Gucci and Prada .
69-458: Armani Jeans may refer to: Armani Jeans (brand) , a jeans brand by fashion house Giorgio Armani Olimpia Milano , an Italian basketball club currently known as Armani Jeans Milano for sponsorship reasons Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Armani Jeans . If an internal link led you here, you may wish to change
138-562: A Ramadan collection for the Muslim holiday featuring refined colors of Islamic art and no alcohol. In addition, Armani/Dolci sells special delicate collections for Christmas and its significant anniversaries. The Armani/Dolci brand is well received by both critics and the public. The Giorgio Armani label also has a florist under its name, called Armani/Fiori . The exclusive floral service has been active since 2000 in major independent flower boutiques and other Armani stores around
207-897: A joint venture with Vestimenta for the production of the men's and women's Borgonuovo line. Giorgio Armani worked with Albert Wolsky for Duplicity (2009), with Lindy Hemming on the costumes for the cast of both The Dark Knight (2008) and The Dark Knight Rises (2012), with April Ferry for Elysium (2013) and with Sandy Powell for The Wolf of Wall Street (2013). Other costume design projects have included American Gigolo (1980), The Untouchables (1987), A Star for Two (1991), The Bodyguard (1992), Nirvana (1997), Hurlyburly (1998), Ocean's Thirteen (2007), Inglourious Basterds (2009), The String (2009), Hanna (2011), Mission: Impossible – Ghost Protocol (2011), A Most Violent Year (2014) and The Young Pope (2016). In 2016, Giorgio Armani stopped using animal fur in all of its collections, citing
276-520: A manufacturing and distribution license with Simint in 1991 when the company launched A|X Armani Exchange. By 1993, the Armani name was represented by 23 licensees and two large joint ventures in Japan . By the 1990s, the company's strategy was to cancel licenses and take production in-house in a bid to exert more control over quality and distribution. Manufacturing arrangements later brought back in-house include
345-405: A minority stake. In February 2020, Armani was the first fashion brand to decide to close its runway shows to the public amid the beginning COVID-19 pandemic , holding the event without an audience. By March 2020, all of its Italian production plants started producing single-use medical overalls. In 2021, luxury yacht maker The Italian Sea Group announced that Giorgio Armani SpA would invest in
414-533: A namesake fine watches collection in collaboration with Swiss watchmaker Parmigiani Fleurier , the first such project for the designer. The Armani label also consists of a furniture and home collection called Armani/Casa . While the Italian word "casa" usually means "house", its usage here instead means "at home". Giorgio Armani launched his interior design collection in 2000 with a flagship store opening in Milan, Italy
483-476: A new joint venture with the shoe manufacturer I Guardi, as part of a strategy of bringing manufacturing under its control. Beginning in 2007, the company teamed up with Samsung to develop a line of high-end electronic goods. In 2007, Giorgio Armani confirmed to Reuters that he had been approached by Beiersdorf in 2005 about a potential merger but had since been too distracted by other projects to pursue that option. In 2016, he confirmed he had established
552-462: A restructuring in 2017, Armani Casa – alongside Giorgio Armani Privé – was folded into Giorgio Armani. Confectionery is also under the Armani name. The brand was established in 2002. For the creations and collections, Armani collaborates with the Italian chocolate manufacturer Guido Gobino . Armani/Dolci sells chocolates, jams, honey, tea, shortbread biscuits, sugar and pralines . The brand
621-603: A restructuring in 2017, Armani Collezioni – alongside Armani Jeans – was folded into Emporio Armani. Previously labeled Giorgio Armani Atelier, Armani Privé is the label for the designer’s made-to-order pieces. Under the Privé label, the brand offers a couture collection, fragrances and jewelry. In 1980, Armani partnered with L'Oreal on a licensing agreement for the production and distribution of fragrances, cosmetics and beauty products in 1980 It launched its first women's fragrance in 1982 and its first men's fragrance in 1984. Over
690-553: A revenue of $ 21.7 billion, LVMH was ranked first luxury goods company in Deloitte 's "Global Powers of Luxury Goods" report. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo . As of 2013, Christian Dior SE was the leading holding company of LVMH, owning 40.9% of its shares and 59.01% of its voting rights. Bernard Arnault
759-473: A way for LVMH's luxury brands to expand their presence online and capture younger shoppers. LVMH contributed to Lyst's $ 60 million funding round, which also included access to LVMH's international expertise, designed to drive Lyst's global expansion. On 22 May 2024, LVMH announced that it would expand its partnership with Alibaba to increase its presence in China. LVMH made 27% of its 2022 revenue from sales in
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#1732869401927828-534: Is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $ 13.1 billion buyout. At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. This significant share held by
897-505: Is a French multinational holding company and conglomerate specializing in luxury goods , headquartered in Paris . The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In April 2023, LVMH became
966-415: Is a partnership with Roca , which provides Giorgio Armani with bathroom furniture and accessories. The sub-label consisting of variegated products is sold in 183 independent Armani stores as well as selected retailers throughout the world. Armani/Casa is used in the Armani hotels, equipped John Mayers New York City apartment and decorated the scenes for the 2013 film Paranoia . As part of
1035-410: Is also present in business services represented by its subsidiaries, such as Netexplo, Les Echos Etudes, and Les Echos Publishing, as well as communication services for companies such as Les Echos-Le Parisien Partenaires and Pelham Media. ChangeNow, Investir Day, and VivaTech (co-founded with Publicis ) are subsidiaries whose objective is to offer trade shows and corporate events. On August 6, 2024,
1104-594: Is headquartered in the 8th arrondissement of Paris , France. The company is listed on the Euronext Paris exchange and is a constituent of the CAC 40 index. As of 2009, the group employed more than 83,000 people, 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. In 2013, with
1173-454: Is mostly part of other Armani stores but has an independent boutique in Taichung, Taiwan . In total, 152 stores sell Armani/Dolci products. Over the years, Armani created various limited Armani/Dolci products to celebrate special occasions. For example, Armani designed chocolate Easter eggs, heart-shaped boxes with red, pink and lilac chocolate truffles for Valentine's Day , as well as
1242-572: Is often indicated, Bernard Arnault never created LVMH. Their successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. LVMH is a component of the Euro Stoxx 50 stock market index . Make Up For Ever
1311-585: The Armani name. Armani would be responsible for overseeing all aspects of the interior design and style of the hotels. The Armani Hotel was opened in Burj Khalifa on April 27, 2010, comprising the bottom 39 floors of the supertall skyscraper in Dubai , United Arab Emirates . It has 160 guest rooms and suites, and 144 residences. Giorgio Armani also designed the interiors of the Armani Residences, also within
1380-553: The Eurozone with a record of 261 billion euros ($ 317.6 billion). As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $ 151.7 billion. LVMH completed the purchase of Tiffany in January 2021. In 2021, with a valuation of $ 329 billion, LVMH became the most valuable company in Europe. In January 2022, LVMH acquired a minority stake in
1449-732: The Lagardère Group sold the stock market information website Boursier.com to Les Echos-Le Parisien Group. In March 2018, Pierre Louette, former CEO of Agence France-Presse from 2005 to 2010, was named CEO of Les Echos-Le Parisien Group, succeeding Francis Morel, who had held this position for seven years. In 2022, Les Echos-Le Parisien Group acquired 75% of the share capital of the French polling and research institute OpinionWay, which has 140 employees. Les Echos-Le Parisien Group also acquired Radio Classique , Connaissance des Arts , and Investir and bought 50% of Medici.tv as well as Mezzo TV and EuroArts. Les Echos-Le Parisien Group
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#17328694019271518-462: The United States , Canada , Central and South America and Asia-Pacific . By 2006, A|X Armani Exchange launched a sunglasses line under license with Safilo . Initially, the company held 25% of Presidio Holdings, with the remaining 75% being in the hands of Como Holdings. In 2008, Giorgio Armani acquired an additional 25% stake. In 2014, it acquired the remaining 50% "ensuring full ownership of
1587-565: The Americas. 30% of its sales revenue came from Asia excluding Japan. LVMH is a major patron of art in France. The group supported about ten exhibitions as " Le grand monde d’Andy Warhol " and " Picasso et les maîtres " at le Grand Palais in Paris. LVMH also endorsed the patronage of " l'atelier d'Alberto Giacometti " and "Yves Klein" at Centre Georges Pompidou . Since 2005, when the LVMH flagship store opened in Paris at 3, avenue George V , 75008,
1656-537: The Arnault Family Group not only underscores their influential role in the strategic direction of LVMH but also highlights the consolidation of control within family-held enterprises in the luxury sector. Bernard Arnault has served as LVMH's chairman and CEO since January 1989. Alain Chevalier was chairman from 1987 until Arnault took over the role. In 2024, Stéphane Bianchi is appointed LVMH Group Managing Director, responsible for strategic and operational management of
1725-520: The COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to countersuit, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told Forbes that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany
1794-630: The Chinese apparel company Xin Hee Co., Ltd. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In 2016, L Catterton Asia and Crescent Point, two private equity firms backed by LVMH, bought a majority stake in GXG. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, men's and women's ready-to-wear, and footwear lines to integrate
1863-516: The Competition Authority grants authorization to LVMH for the acquisition of Paris Match . The group purchased the French weekly publication Paris Match in October 2024. A partial list, including some of LVMH's best-known brands and subsidiaries: On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as
1932-670: The Giorgio Armani Foundation which, while aiming to fund social projects, is also to "safeguard the governance assets of the Armani Group and ensure that these assets are kept stable over time." As part of his succession plan, the foundation will own an undisclosed stake in the company, with the rest going to his family. By 2017, the company was seen as a prime candidate for a stock market listing. In 2021, Giorgio Armani ruled out merging with either LVMH or Kering and reportedly also ruled out an offer by Stellantis to acquire
2001-787: The Group Maisons. He also oversees the Regions Presidents, and the Digital and Data Transformation of the Group. He is also the Chairman of the LVMH Executive Committee. In 2007, Arnault bought France's leading financial newspaper, Les Echos , from the British company Pearson for 240 million euros (US$ 262 million) after a negotiating period of four months. In 2015, LVMH bought
2070-613: The New York-based label Aimé Leon Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm. In March 2022, LVMH announced the closure of its 120+ stores in Russia, pointing to "the current circumstances in the region", subsequent to the Russian invasion of Ukraine . An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. In November 2022, it
2139-562: The acquisition of Antinea (1990), Simint (1996) and Intai (1998). In 2000, after buying factories from GFT, Armani formed a joint venture with Zegna for the production and distribution of the Collezioni men's collection. Armani also increased to 85 percent of its share in the joint venture in Japan with Itochu . In 2001, Armani commissioned architect Tadao Ando to transform an old Nestlé chocolate factory in Milan's Savona / Tortona area into
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2208-429: The availability of "valid alternatives at our disposition that render the use of cruel practices unnecessary as regards animals." For its campaigns, the brand has worked with photographers including Sølve Sundsbø (2015), Peter Lindbergh (2017) and Mert Alas and Marcus Piggott (2019). Established in 1979, Armani Collezioni (known as Giorgio Armani Le Collezioni for women and Mani for men before 2000)
2277-399: The basketball side, they are the title sponsor and kit supplier of Olimpia Milano , and from the 2023/24 season also became the official kit supplier of Blu Basket 1971 . Established in 1981, Armani Jeans was a full casual sportswear collection. From 1997 on, the brand started to operate standalone stores. As part of a restructuring in 2017, Armani Jeans – alongside Armani Collezioni –
2346-439: The brand has worked with photographers including Alasdair McLellan (2012) and Mert Alas and Marcus Piggott . In 2013, Emporio Armani partnered with 21st Century Fox on the costumes for the cast of The Counselor . In 2004, Emporio Armani also teamed up with Reebok to create fashion shoes under the label EA7 . Emporio Armani is also the official kit supplier of Italian football side SSC Napoli under its EA7 brand. On
2415-513: The brand, which has 270 stores and over 3,000 employees", the company said in a statement. In 2008, A|X Armani Exchange redesigned its logo. As part of a relaunch and repositioning plan initiated in 2014, the collection was gradually introduced in Europe, too. Over the years, A|X Armani Exchange campaigns featured Cara Delevingne (2017), Martin Garrix (2017) and Li Yifeng (2017). Armani designs products for babies, toddlers, and teenagers under
2484-520: The collections, Armani uses precious materials like alabaster , black marble , and lacquered wood in the shape of cylinders, cubes, and rhomboids. Giorgio Armani also designed special floral arrangements for occasions like Valentine's Day and spring collections. The label's floral arrangements are used in the Armani hotels. Giorgio Armani and Emaar Properties PJSC signed an agreement in 2005 for Emaar Properties PJSC to build and operate at least seven luxury hotels and three vacation resorts under
2553-400: The company presented close collaborations with contemporary artists. Features included a light sculpture by American James Turrell , a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's Olafur Eliasson . In 2006, a gallery space was inaugurated on the second floor of
2622-535: The company's IPO at the Italian Bourse . Giorgio Armani (originally Giorgio Armani Borgonuovo) is a high-end label specializing in men's and women's ready-to-wear, accessories, glasses, cosmetics, and perfumes. It is available only in Giorgio Armani boutiques, speciality clothiers and selects high-end department stores. The logo is a curved "G" completing a curved "A", forming a circle. In 2001, Armani created
2691-612: The company's headquarters. Also in the early 2000s, Armani opened five megastores designed by Massimiliano and Doriana Fuksas , starting with the opening of the Armani/Manzoni store in Milan in 2000, which carries all of the company's brands. Other such venues are in Hong Kong (Armani/ Chater House , opened in 2002), Munich (Armani/ Fünf Höfe , opened in 2003), Tokyo (Armani/Ginza Tower, opened in 2007) and New York City (Armani/ Fifth Avenue , opened in 2009). In 2002, Armani announced
2760-406: The company's ready-to-wear lines that show at Milan Fashion Week . Selling at lower prices are Armani Collezioni, Armani Exchange and Armani Jeans. Armani and his partner, architect Sergio Galeotti , founded Giorgio Armani SpA in 1975, reportedly on money from the sale of Armani's Volkswagen . Armani signed a license with Gruppo Finanziario Tessile (GFT) in 1978. The company also entered into
2829-418: The entire Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased by 29%. On 1 November 2018, co-founder Alain Chevalier died at age 87. On 12 May 2019, the fashion house Fenty, styled as FEИTY , created by singer Rihanna ,
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2898-734: The fact that there are only a "few ornaments" used but with "artistic detail" which seems to have a "tremendous effect on the style and furniture" itself. Armani collaborates with Rubelli and the Molteni Group to build the home collection. As the Architectural Digest reported in February 2012, Armani/Casa includes state-of-the-art kitchens, sold under the Armani/Dada name – a partnership with Molteni Group, as well as luxurious fabrics produced in collaboration with Rubelli . Armani/Roca
2967-550: The first European company to surpass a valuation of $ 500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000 . LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Dior , Givenchy , Fendi , Celine , Kenzo , Tiffany , Bulgari , Loewe , TAG Heuer , Marc Jacobs , Stella McCartney , Sephora and Loro Piana . The subsidiaries are often managed independently, under
3036-572: The globe, which only sell the sub-label. The label is also sold in other stores by the label including Armani/Casa , Armani Jeans or Emporio Armani . In total, 308 independent and franchise Armani stores sell the Armani Junior and Armani Baby products throughout the whole world. In addition, the label is available in selected department stores everywhere in the world, for example, Neiman Marcus, Saks Fifth Avenue , Breuninger and Peek & Cloppenburg . In May 2014, actress Quvenzhané Wallis
3105-476: The labels Armani Junior (ages five to 14) and Armani Baby (for children up to the age of four). The Armani Junior brand was introduced in 1979. The junior line consists of baby clothing, accessories, T-shirts, pullovers, suits, shoes, hats, shirts, belts, bags, and underwear. In 2006, Giorgio Armani signed a licensing agreement with Mirella Srl for the production and distribution of the two lines’ footwear. Armani Junior has 167 independent boutiques around
3174-400: The late 1980s. A|X Armani Exchange was launched in 1991 in the U.S. It retails fashion and lifestyle products and is known for its occasionally provocative ad campaigns. Inspired by street-chic culture and dance music, it is targeted as the more accessible Armani brand. A|X Armani Exchange products are available exclusively in 270 stores in 31 countries and on the brand's website. The line
3243-457: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Armani_Jeans&oldid=870685223 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Armani Jeans (brand) In addition to the couture line Armani Privé, Giorgio Armani and Emporio Armani are
3312-483: The newspapers Le Parisien and Aujourd’hui en France from the Amaury Group . Marie-Odile Amaury, the group's owner, initially hoped for 200 million euros ($ 218 million) which were later revised to 150 million ($ 163 million) during a previous sale attempt, but a bid of 50 million euros ($ 54.5 million) was made. The financial transaction was completed at the end of October 2015. In 2018,
3381-713: The only two ready-to-wear brands that are mainly designed by Giorgio Armani himself, and have a spotlight at Milan Fashion Week every year while Armani Collezioni, Armani Jeans, and Armani Exchange do not. Emporio Armani products are usually only sold in freestanding Emporio Armani boutiques and on the official website. Over the years, Emporio Armani underwear campaigns featured David Beckham (2008–2010), Victoria Beckham (2009), Cristiano Ronaldo (2010), Megan Fox (2010), Rihanna (2011), Rafael Nadal (2011) and Calvin Harris (2015). The brand's watch ad campaign has featured Shawn Mendes (2019), among others. For its campaigns,
3450-419: The richest people in the world as of 2024. In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH. Rapidly, Arnault succeeded in taking control of LVMH at the expense of the initial family owners. Contrary to what
3519-517: The same building and named " Espace Culturel ". " Icônes " was one of the first exhibitions. Shigeru Ban , Sylvie Fleury , Zaha Hadid , Bruno Peinado , Andrée Putman , Ugo Rondinone , James Turrell , Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it. In addition, LVMH foundation created the "young creators LVMH award", an international competition opened to French and international beaux-arts students. Each year, six grants are allocated to
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#17328694019273588-478: The same year. When Armani was asked about why he wanted a furniture line, Armani said that he wanted "people to design their own private home". "Designing this furniture and home collection helped me to stimulate my creative and artistic vein", Armani said. Critics responded very positively to the Armani/Casa label calling the style "simply elegant, a little retro with Ethno elements" to it. A lot of critics also liked
3657-646: The skyscraper, and its specially designed line of products from the Armani/Casa home furnishings collection and the Armani/Fiori flower arrangements. The "Burj Khalifa Armani Residences Road Show" toured Milan, London , Jeddah , Moscow and New Delhi . The London event was housed in the Armani Casa Showroom in New Bond Street . LVMH LVMH Moët Hennessy Louis Vuitton ( French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃] ), commonly known as LVMH ,
3726-605: The two freestanding boutiques (which feature the Collezioni line exclusively) in Milan and Paris , Armani Collezioni was usually sold in department stores and outlets while Giorgio Armani and Emporio Armani are only sold in freestanding boutiques. A sporty line of the label has appeared named "Armani Collezioni Active" in the same way as the EA7 line from the Emporio Armani line. As part of
3795-411: The umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. LVMH owns Les Echos-Le Parisien Group, its media subsidiary. The wine estate Château d'Yquem , whose origins date back to 1593, is under LVMH ownership. Bernard Arnault is the founder, chairman, CEO and largest shareholder of LVMH, making him one of
3864-610: The winners. In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gehry in the Bois de Boulogne in Paris. The Fondation is designed as the Group's own museum to present its collections and organize major world-class art exhibitions. In November 2013, LVMH created the LVMH Young Fashion Designer Prize , which comes with a €300,000 grant with a year of mentoring; it
3933-535: The world. The flowers used for the Armani/Fiori arrangements come mostly from the Netherlands . The label uses a large selection of orchids , as well as exotic and tropical flowers alongside more traditional flowers such as hydrangeas , roses and peonies . Each collection is personally designed by Giorgio Armani himself as he wants to transport an "Asian feel". In addition, Armani/Fiori offers decorative elements like vases, flowerpots, candles and lanterns. For
4002-521: The years, cosmetics campaigns featured Beyoncé (2008), Kasia Smutniak (2009), Megan Fox (2010), Cate Blanchett (2013), Valentina Sampaio (2021), Tessa Thompson (2022), Regé-Jean Page (2022), Sydney Sweeney (2023) and Aaron Taylor-Johnson (2024). Established in 1981, Emporio Armani is the second brand of the Armani family and features ready-to-wear and runway collections. Emporio Armani focuses on trends and modern traits. Also, Emporio Armani , along with Giorgio Armani , are
4071-448: Was 'burning cash and reporting losses'". In late October 2020, Tiffany and LVMH agreed to go back to the original takeover plan, though at a slightly reduced price of nearly $ 16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $ 135 to $ 131.50. As of late 2020, LVMH has the largest market capitalization of any company in France, and also in
4140-506: Was a pioneer in online communication and retailing, launching its armaniexchange.com site in 1995 and adding online sales in 1997. To accelerate the development of the nascent line, Giorgio Armani co-established the joint venture company Presidio Holdings Ltd in 2005 alongside Como Holdings, the company owned by the Singaporean tycoon Ong Beng Seng that, since 1994, has held the production and distribution license for A/X Armani Exchange in
4209-976: Was announced LVMH had acquired the Piedmont -based jewelry maker Pedemonte Group. On 24 April 2023, LVMH became the first European company to reach a $ 500 billion valuation. In November 2023, LVMH agreed to acquire the Los Angeles-based eyewear brand Barton Perreira for $ 80 million. In June 2024, LVMH acquired Swiza, the owner of L’Epée 1839, a Swiss manufacturer known for high-end clocks and horological creations. L’Epée 1839, based in Delémont, Switzerland, has been recognized for its watchmaking expertise since 1839. This acquisition highlights LVMH's focus on integrating unique craftsmanship and design within its luxury portfolio. L’Epée 1839 produces intricate clocks, including those with perpetual calendars and tourbillons, favored by various dignitaries and royal families. LVMH
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#17328694019274278-497: Was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $ 5.2 billion. By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on Asia. In early 2013, LVMH announced its co-investment of LVMH’s private equity LCapitalAsia and
4347-504: Was folded into Emporio Armani. In 1987, Giorgio Armani Occhiali was established. In 1988, the company entered into a licensing agreement with Luxottica for eyewear. From 2003 until 2012, Safilo Group held the exclusive license for Armani-branded eyewear before losing it again to Luxottica until 2037. As part of the brand's first-ever eyewear collection in 2021, it presented a pair of oval-shaped wire-rimmed silver glasses that Giorgio Armani has worn, in sunglass and reading form, since
4416-512: Was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years, and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House. On 29 November 2019, LVMH announced its 55% stake in Château d'Esclans , the producer best known for the brand Whispering Angel. The acquisition
4485-491: Was named the face of Armani Junior . Launched in 1995, Armani developed a collection of men's and women's skiwear and apres-ski casualwear called Giorgio Armani Neve, produced by the Skinea company, a division of Gruppo Belfe. It was re-launched in 2022. Giorgio Armani Orologi was established in 1997. In 2014, the company entered into a licensing agreement with Fossil for watches and jewelry. In 2021, Giorgio Armani launched
4554-483: Was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $ 16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed and that the deal was "invalid," citing Tiffany's mismanagement during
4623-473: Was paying millions in dividends to shareholders despite a financial loss of US$ 32 million during the pandemic. Some US$ 70 million had already been paid out by Tiffany, with an additional US$ 70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it
4692-607: Was the brainchild of Delphine Arnault . In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida , J JS Lee, and others, and Thomas Tait was the winner. Marques'Almeida won the 2015 prize. In 2019, South African designer Thebe Magugu became the first African to win the prize, and was commended by the President of South Africa, Cyril Ramaphosa . LVMH underwrites other fashion competitions, including
4761-417: Was the diffusion line of Giorgio Armani that retailed at a lower price than Giorgio Armani and the haute couture line, Armani Privé . The logo was usually displayed in black and written on a white label but often varies. "Armani" being larger and "Collezioni" underneath it. Armani Collezioni provided made-to-measure tailored suits and shirts where every element can be chosen. In addition to being sold in
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