LVMH Passionate about creativity ANNUAL REPORT 2010 CONTENTS 02 CHAIRMAN’S MESSAGE 06 FINANCIAL HIGHLIGHTS 08 INTERVIEW WITH ANTONIO BELLONI : THE AUTHENTICITY OF OUR BRANDS LINKING HERITAGE AND MODERNITY 10 CORPORATE GOVERNANCE 12 THE LVMH SHARE 14 REVIEW OF OPERATIONS 16 24 32 40 46 Wines & Spirits FASHION & LEATHER GOODS Perfumes & Cosmetics Watches & Jewelry SELECTIVE RETAILING 52 SUSTAINABLE DEVELOPMENT 54 Exchanging‚ sharing‚ moving forward 55 Human Resources LVMH
Premium LVMH
GOVERNANCE STRUCTURE The Board of Directors is the strategy body of LVMH Moët Hennessy - Louis Vuitton SA. The competence‚ integrity and responsibility of its members‚ clear and fair decisions reached collectively‚ and effective and secure controls are the ethical principles that govern the Board. The key priorities pursued by LVMH’s Board of Directors are enterprise value creation and the defense of the Company’s interests. LVMH’s Board of Directors acts as guarantor of the rights of each
Premium LVMH Luxury good Gucci
With sales of almost € 36 billion in the previous year‚ the LVMH group has truly earned its title as the world’s leading luxury products group. Founded in 1854 by French-born Louis Vuitton as a packing-case company exclusively using high-quality materials for maximum durability‚ the family-owned business has consistently increased its luxury over the years. More than a century later‚ Louis Vuitton acquired Hennessy‚ the market leader in the high-end spirits segments‚ which had previously merged with
Premium LVMH
TOWARDS FEWER FAUX PAS AND GAFFES 1. Many things that an Air Force Officer and his wife should or should not do‚ are not specifically covered by regulations or in the various officers’ guides and précis which one is handed out‚ from time to time. Many of the `Dos’ and `Don’ts’ are a matter of sacred tradition‚ passed on by word of mouth and by example‚ by older members of the service‚ to new comers. 2. Others are a matter of regimental grooming‚ schooling‚ common sense and‚ above all‚ breeding
Premium Officer Non-commissioned officer
Introduction In the high end retail market‚ Gucci (1921)‚ Louis Vuitton (1854) & Vertu (2000) are three successful so-called luxury brands. However‚ creating luxury brands is a difficult marketing exercise. Marketers are moving from the traditional marketing mix approach towards greater use of experiential marketing to create an emotional attachment between the brand and the customer. It is necessary for a brand to convey a personality that the customer can relate or aspire to. Q1: What are the
Premium Management Learning German language
LVMH 1) Strategic Position: They only have brands for the luxurious sector‚ they keep doing what they know. They do not venture out into brands that do not go under their aesthetic (They have “Star” Brands). Under the LVMH parent brand are strong brands‚ who can make their own decisions. They keep their brands separate from the LVMH. Value proposition: The drive for quality and high standard. Always up-to-date‚ expand brand online (nowness). Only group that has all luxury categories (but are cars
Premium Marketing Luxury good LVMH
Forgetting the Past Everyone must go through a hard time throughout their lives‚ whether it is a death of a loved one‚ mental illnesses or struggling within themselves. Some people are lucky and are able to bury the bad memories and be happier while some still are stuck in the past and aren’t able to move on. One must know that there are many ways‚ in which someone can overcome their past‚ but the ultimate reason would be with the help of a friend or another loved one. In the novel Shadow of the
Premium Happiness Love Marriage
How to Conduct a Feasibility Study Ajaero Tony Martins Feasibility Study Do you know how to conduct feasibility study on a business idea? What if I provide you with a feasibility study template and sample? If I show you a practical feasibility study outline‚ will you appreciate it? If your answer is yes‚ read on. In the previous article wrote‚ I stressed the importance of conducting feasibility study on your business idea before taking it to the marketplace. Today I will be teaching you how to
Premium Venture capital Economics Inflation
Kamias (Averrhoa bilimbi) LEAVES AND FRUIT EXTRACT: ITS ANTIBACTERIAL EFFECT ON Escherichia coli‚ Staphylococcus aureus AND Salmonella enteritidis A Science Investigatory Project as an Entry for the 2008 School Level Science Fair Ellaine
Premium Bacteria Escherichia coli Microbiology
Gucci Eyeglasses Frames Style Founded in Florence in 1921‚ Gucci is among the world’s leading luxury fashion brands‚ famous worldwide because of its quality‚ Italian craftsmanship and fashion authority. Developing a unique vision that fuses past and offer‚ background and modernity‚ Gucci explores the wealthy heritage in the heart of their archive and also the brand key symbols having a modern vitality. Gucci’s eyeglasses is really a fundamental addition for a Gucci total look. The eyeglasses collection
Premium Brand Marketing Gucci