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Date: 8 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?

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