Photos of day

Date: 2 months ago   Category: Society

The co-founder of the world's largest luxury holding LVMH Alan Chevalier has died


He was 87 years old. Thanks to Chevalier France has secured the status of the producer of luxury No. 1 in the world. In 2017 turnover of the Louis Vuitton Moët Hennessy group has made 42,6 billion euros the Photo: DPA/TASS Has died legendary Alan Chevalier, the co-founder of the world's largest luxury holding Louis Vuitton Moet Hennessy. Chevalier was 87 years old, he has died in the east of France at home on November 1 what he has reported the Élysée Palace today about. Thanks to the master France has secured the status of the producer of luxury No. 1 in the world. Alan Chevalier was born in Algeria where with the end of the 19th century there lived his ancestors. I studied the right and political science before being admitted in France to National school of management, ENA — a boarding school which was considered as "nursery" of the French elite. One of schoolmates Chevalier is future president of the country Jacques Chirac. After the end of study in 1959 Chevalier became the first auditor of Audit Chamber and held various ministerial positions before going to private business. In 1970 he has accepted the general management of Moët & Chandon, nowadays main French label of champagne, and by means of merges and absorption has turned this ancient wine house into the global company on production of products of luxury. In parallel he directed National council of the French employers. However after reform I have refused to head the new organization. The same as I have refused in the 1986th a post of the minister of the industry offered by Jacques Chirac. In 1987 Chevalier together with Henri Recamie has founded the multinational company by merge of the Moët Hennessy and Louis Vuitton companies. Merge became the end of administrative career of Alan Chevalier. He never held shares neither Moët, nor LVMH. Without having a share in the capital of LVMH, he couldn't resist to strengthening of influence of the French businessman Bernard Arnault who soon became the main shareholder of group and has headed it. In 2017 turnover of the Louis Vuitton Moët Hennessy group has made 42,6 billion euros. More than 70 prestigious brands of the alcoholic, hour, jewelry, perfumery and cosmetic markets and also other luxury goods enter her. The current president of corporation Bernard Arnault is the richest person of Europe having a state more than 70 billion dollars. To add BFM.ru to your sources of news?

URL:


Today

just now

German Gref said that only general digitalization can save Russia from corruption. Whether the head of Sberbank is right and whether corruption will move to higher level in this case, without having d...

just now

The bank raised rates on the credits for acquisition of the real estate. Also Sberbank tested the service allowing to draw cash from credit cards at the checkout of shops of the Photo: Mitya of Aleshk...

just now

The president said what on these purposes will be required to 1.3 billion rubles. Earlier local authorities wanted to divide the building into two parts and to leave there residents. What is the time...

6 hrs ago

It can be made till March 1. Since 2019 in Russia the law allowing to register giving as a house and to issue the Photo registration came into force: depositphotos.com Since new year in Russia giving...

6 hrs ago

He claims that he was not drunk during road accident. Meanwhile because of a trauma the sports career of the victim — champions of Kuban in taekwondo is questionable. How the situation can develop and...

8 hrs ago

The head of RUSNANO said that electricity prices in Russia are twice lower, than on average in the world, but made a reservation that without grounds you should not raise them. This explanation did no...

9 hrs ago

As Kommersant writes, a claim was submitted by VTB bank. Dmitry of Firtasha is seized all personal and real estate of the Ukrainian billionaire almost for 46 million dollars. Photo: the press service...

9 hrs ago

On Thursday there will take place final hearings following the results of which it will become clear whether the mansion of the 19th century in an elite housing estate the Mansion of the merchant Bulo...