Who is the owner of fashion brands, glossy magazines and the fashion world?

Fashion is an interesting topic - it is in the eternal cycle of ideas and their repetitions. The world of fashion revolves around designers, photographers, models, journalists and glossy editors. Fashion houses are powerful and omnipotent, they create fashion and compete with each other. And all this is in full view of us: readers, viewers, consumers, hungry for shows and dreaming of luxury. But this is only at first glance. In fact, the most famous and eminent designers and editors of glossy magazines are only hired workers. As long as they are successful, they are afloat, as soon as they make a mistake, they are immediately replaced. A striking example of this is the outdated Hubert de Givenchy, or the scandalous John Galliano. And in addition to ideas and people who are able to create, the fashion world also creates a lot of money, and the opportunity to earn it. Fashion is not only creativity, it is also a business that is cruel at times. Givenchy, Louis Vuitton, Alexander McQueen, Vogue. Aren't they talking names? And with what can LVMH, PPR, Conde Nast be connected? It is unlikely that most of us are talking about anything.

The rulers of the fashion industry are the LVMH corporation.

But what is interesting, reading about this or that designer, about this or that Fashion House, and being a rather attentive reader, it turns out that every now and then you can notice a mysterious abbreviation - LVMH corporation. And if you ask, it is this corporation that owns the Givenchy Fashion House, it is she who owns the world-famous Louis Vuitton brand, she owns Kenzo, she owns Parfums Christian Dior. But not only fashion, LVMH, for example, also owns the famous French cognac house Hennessy. The LVMH corporation embraces everything related to luxury and chic products.

Indeed, the LVMH Corporation sells luxury goods. These are mainly expensive alcoholic drinks and, in addition, legendary drinks (cognac, wine) plus fashion. LVMH was formed in 1987 following the merger of Mo? T Hennessy and Louis vuitton... And today LVMH is the leader in the global luxury goods market. Only the Italian Gucci Group (which, for example, owns the Alexander McQueen brand), which has recently become French and subordinated to PPR, and the Swiss Cie Financiere Richemont, remain the only competitors of the French LVMH. Here they are, those who create the world of luxury and gloss. True masters of the fashion world.

Francois Pinault and Bernard Arnault.

Gucci is owned by PPR and PPR is a company owned by François Pinault. LVMH is owned by Bernard Arnault. Arno and Pino, who can be called the kings, and possibly the emperors of the fashion world. At one time, they even tried to be friends with their families, but due to the struggle for Gucci, their friendship finally fell apart. François Pinault is ranked 77th among the richest people in the world according to Forbes magazine. Bernard Arnault is the richest man in France. Still, France is France, the richest man in this country is engaged in fashion and wine, everything is as it should be. And Pino also owns the Christie’s auction house. Bernard Arnault bought the third largest Philips auction. However, François Pinault recently retired and divided his business between his four children (his son François-Henri now heads the PPR company), while Arnaud is not going to retire yet.

The third major player in the world of luxury and chic, the Swiss corporation Cie Financiere Richemont was founded in 1988 by South African businessman Johan Rupert, the son of South African tycoon Anton Rupert. Today, this corporation, for example, owns the world-famous Cartier brand, which produces jewelry and watches, or the famous watch manufacturer Vacheron Constantin is also owned by it.

Fashion industry and glossy magazines - Condе Nast company.

Conde Nast is the leader in the world of glossy magazines. We say Glamor, GQ, Vogue, Tatler... And all of this is implied by Conde Nast. After all, all these magazines belong to the publishing house Conde Nast Publications.The founder of this publishing house was the American Conde Montrose Nast (1873-1942), a lawyer by training; he began his career as an advertising manager for the magazine "Collier". Today Conde Nast is actively developing its presence on the Internet. So the American GQ became the first digital magazine that could be bought and read on the iPhone. Conde Nast also owns many sites about fashion, design, business, for example, portfolio.com, or in Russia: www.tatler.ru, www.vogue.ru.

This is how the fashion industry, gloss and fashion brands have changed in recent years. They already rarely belong to their creators, designers and journalists, but are part of large corporations, where each participant is like a cog, a detail of the mechanism performs its function. Is it good or bad? On the one hand, it is sad that the days of great couturiers and haute couture in its original understanding have passed, and on the other hand, large corporations can afford much more than individual fashion houses. Thanks to this, the industry rushes forward faster and faster - we get new luxury goods, new technologies and, most importantly, fashionable clothes have become available to almost everyone.

LVMH, PPR, Cie Financiere Richemont and Conde Nast, remember these names, they own the modern fashion industry.