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The fault became too large to ignore when Arnault had a differing strategic vision from Henry Racamier, Louis Vuitton's president. [14] In January 1989, he spent another $500 million to gain control of a total of 43.5% of LVMH's shares and 35% of its voting rights, thus reaching the "blocking minority" that he needed to stop the dismantlement of the LVMH group. [14]
Browse 17 henry racamier photos and images available, or start a new search to explore more photos and images. Henry Racamier, pdg de Louis Vuitton, dans son bureau à Paris en novembre 1987, France. Portrait de Henry Racamier, pdg de Louis Vuitton en 1987.
Browse 17 henry racamier photos and images available, or start a new search to explore more photos and images. Henry Racamier, pdg de Louis Vuitton, dans son bureau à Paris en novembre 1987, France. Portrait de Henry Racamier, pdg de Louis Vuitton en 1987.
1 de abr. de 2003 · Henry Racamier, the man credited with turning Louis Vuitton from a sleepy family-owned leather goods maker into a global luxury brand in the 1980s, died on Saturday. In 1990 Racamier lost a bitter struggle for LVMH to Bernard Arnault, the tough financier who controls and chairs the company today.
Under Racamier, revenue and profitability increased 25-fold in less than 10 years. In 1987, Racamier founded LVMH, merging the Louis Vuitton group (Louis Vuitton, Givenchy, Veuve Clicquot, et al) with Moët-Hennessy. When Henry Racamier left the chairmanship in 1992, the Louis Vuitton Cup was in full swing.
History. In the 1980s, French investor Bernard Arnault had the idea to create a group of luxury brands. He worked with Alain Chevalier, CEO of Moët Hennessy, and Henry Racamier, president of Louis Vuitton, to form LVMH. Their successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same.
