Henry Racamier
Henry Racamier was a French businessman born on June 25, 1912. He is one of the founder of LVMH.[1][2] He is best known for transforming the luxury brand Louis Vuitton into a global powerhouse.[3]
Henry Racamier | |
|---|---|
 | |
| Born | 1911/1912 |
| Died | 2003 (aged 90–91) |
| Cause of death | Heart Attack |
| Nationality | French |
| Alma mater | HEC Paris |
| Occupation | Founder of LVMH |
| Spouse | Odile Vuitton |
Early life
changeHenry was born in Pont-de-Roide, in the Doubs, France.[1] He worked in the steel industry before joining Louis Vuitton.[4][5]In 1936, he joined the Peugeot steelworks.[1] He graduated from HEC Paris.[6] He was also a philanthropist to the Paris Opera.[3]
Career
changeLouis Vuitton
changeHenry Racamier married Odile Vuitton in 1943. At that time, the company her grandfather Louis Vuitton started in 1854 was still small. In 1977, when Henry was 65 years old, he took charge of the company. Over the next ten years, he grew the business from about £7 million in sales, two stores, and 60 employees to a global giant with over £482 million in sales, more than 100 stores worldwide, and 2,600 employees.[7][8]
LVMH
changeHenry Racamier played a significant role in the creation of LVMH (Moët Hennessy Louis Vuitton), a major luxury goods company. This merger contributed to the increased success of Louis Vuitton.[9]
After his tenure at Louis Vuitton, Racamier continued his career in the business sector. He was widely respected for his vision and leadership.[10]
In April, 1990, Racamier resigned as chairman of the company's Louis Vuitton leather goods subsidiary.[10]
Racamier’s contributions had a substantial impact on the luxury goods industry, and his legacy endures.
Awards
change- Knight of the Legion of Honour
- Commandeur des Arts et des Lettres
- Officer of the National Order of Merit
References
change- ↑ 1.0 1.1 1.2 "Disparition d'Henry Racamier, l'un des fondateurs de LVMH". LesEchos. April 1, 2003.
- ↑ "A LUXURY FIGHT TO THE FINISH". The New York Times. December 17, 1989.
- ↑ 3.0 3.1 "Henry Racamier Dies at 90; Revitalized Louis Vuitton". The New York Times. April 1, 2003.
- ↑ "Henry Racamier". The Telegraph. 2003-04-02. Retrieved 2024-09-18.
- ↑ "HENRY RACAMIER, 90". Chicago Tribune. 2003-04-03. Retrieved 2024-09-18.
- ↑ "Henry Racamier". www.thetimes.com. 2003-04-03. Retrieved 2024-09-18.
- ↑ Vogue (2003-04-10). "HENRY RACAMIER REMEMBERED". British Vogue. Retrieved 2024-09-18.
- ↑ Team, Forbes Wealth. "Behind The Billions: Bernard Arnault". Forbes. Retrieved 2024-09-18.
- ↑ "Who is Bernard Arnault, the owner of Louis Vuitton Moët Hennessy (LVMH): Know about the richest man in the world with a net worth of $240 billion". Financialexpress. 2023-07-07. Retrieved 2024-09-18.
- ↑ 10.0 10.1 "Vuitton's Chief Quits, Ending a Bitter Feud". The New York Times. April 27, 1990.
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