http://www.lvmh.com/groupe/pg_societe.asp?int_id=81&rub=&srub=
Marc Jacobs International LLC
Founded in: 1984
Activity: Ready-to-wear for men & women, leather goods, accessories & fragrances
72 Spring Street ? 2nd floor
New York, NY 10012 ? USA
www.marcjacobs.com
Founded in New York in 1984 and majority-owned by LVMH since 1997, the
eponymous brand developed by Marc Jacobs - Artistic Director of Louis
Vuitton - has enjoyed rapid growth in both the United States and
internationally.
In 1984 Marc Jacobs and Robert Duffy founded Marc Jacobs International
based on two very simple concepts: a love for fashion and a commitment
to quality.
After years of producing the Marc Jacobs women's collection
exclusively, the company has expanded in several directions with two
lines of ready-to-wear for men and women -Marc Jacobs and Marc by Marc
Jacobs- as well as bags, accessories, shoes and the Marc Jacobs
fragrances.
Some more info on LVMH
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LVMH Moët Hennessy Louis Vuitton
Address: 22 avenue Montaigne, 75008 Paris, France
Tel: +33 1 44 132222
Fax: +33 1 44 132223
www: http://www.lvmh.com
Chairman/CEO: Bernard Arnault (Chairman & Chief Executive Officer)
Activities: producer of luxury goods including cognac, spirits, wine,
champagne, luggage, cosmetics, perfumes and haute couture
Key events
2006
Distribution & logistics
? Benefit Cosmetics, a subsidiary of LVMH Moet Hennessy Louis Vuitton,
has signed a deal with Amazon to sell its cosmetics products online in
the US and UK markets.
2005
? Brown-Forman Corp and LVMH Moet Hennessy Louis Vuitton of France end
the contracts through which Brown-Forman acts as the US importer of
the Glenmorangie brands and represents those brands in Canada,
Continental Europe, and certain Asian countries.
Legal / regulatory affairs
? LVMH, faces legal action in Japan from the US leathergoods company
Coach for alleged anti-competitive practices on the Japanese market.
? Japanese designer Kenzo Takada begins legal action against LVMH,
claiming that the group has been using the Kenzo Takada brand
unlawfully.
? LVMH, the French luxury goods group, seeks a further Euros 182.9m
(Dollars 234.6m) in damages from Morgan Stanley in a long-running
dispute over its coverage by the investment bank
? LVMH files suit and wins against internet company Google Inc and its
French subsidiary Google France, claiming that it had provided links
to websites selling fake Louis Vuitton items
Product launches
? LVMH has joined forces with CL World Brands subsidiary, Trinidad
Distillers, to enter the rum market with the launch of super-premium
rum brand, 10 Cane.
Restructuring
? LVMH is to set up a new US subsidiary. The company, whose brands
include Glenmorangie Scotch whisky and Hennessy Cognac, will call the
subsidiary Moet Hennessy USA.
2004
Acquisitions
? LVMH increases its interest in Fendi from 84% to 94%
? In Perfume & Cosmetics, LVMH increases its stake in Make Up For Ever
from 73% to 100%.
? The company successfully acquires blended Scotch manufacturer,
Glenmorangie for £300 million.
? LVMH increases its interest in Donna Karan from 89% to 98%
Business agreements
? Sephora enters into a joint venture with Shanghai Jahwa United said
to be China's oldest cosmetics company.
Divestments and demergers
? LVMH sells off Spa and Cosmetics company, Bliss, to hospitality
group, Starwood Hotels & Resorts Worldwide Inc.
Geographic expansion
? LVMH opens new stores in New York, the world's largest LVMH store,
Shanghai, Los Angeles, Tokyo and Paris, located on the famous Champs
Elysees.
2003
Business agreements
? Sephora enters into an agreement with Polish chain Empik for the
control of its selective perfumery activity. According to the deal,
Empik will cede control of its selective perfume activity, which
includes nine shops in major town centres, to Sephora Polska in
exchange for a minority stake in the subsidiary.
? Chateau Cheval Blanc, owned by LVMH chief executive, Bernard
Arnault, and Bodegas Chandon, are to form a joint venture in
Argentina.
Divestments and demergers
? Cognac producer, Hennessy (LVMH) sells one of its small brands,
Hine, to Caribbean-based holding company, Trinidad and Tobago CL
Financial Ltd, the local French press has reported. Reports indicate
that Hine currently sells 80,000 cases annually (720,000 litres)
compared to 240,000 cases several years ago. According to an industry
survey, the Hennessy group had global annual sales of 3.3 million
cases in 2002.
? LVMH's American Designer Fragrances division divests its Michael
Kors fragrances licence to Estée Lauder Cos Inc.
? LVMH, the largest group in champagne, sells its Canard-Duchêne brand
to Alain Thiénot.
? LVMH sells fragrances, Marc Jacobs and Kenneth Cole to Coty Inc.
? Sells watchmaker Ebel to Movado Group Inc for CHF61.5 million.
? Sells off its majority interest in the auction house Tajan to Rodart.
? Divests two US based cosmetics brands, Urban Decay and Hard Candy,
to Falic Group in order to concentrate on key brands.
Geographic expansion
? Beauty retailer Douglas Rivoli opens the first Russian point of sale
for Italian fragrance brand Acqua di Parma on June 26. Since the end
of 2002, Acqua di Parma has entered two department stores in the US
and one in Hong Kong. In addition, LVMH announced that it will
distribute Acqua di Parma directly in Belgium and Austria, instead of
using distributor agreements.
Legal / regulatory affairs
? LVMH wins the first round of its legal battle with the investment
bank Morgan Stanley. A Paris court rules that LVMH did not need to
provide more evidence to support its allegations of biased research at
the US bank.
Other topics
? LVMH products are withdrawn from shelves at Russian beauty retailer
Arbat Prestige after disagreements over the selling environment and
prices.
Product launches
? Givenchy?s children?s fragrance brand, Tartine et Chocolat, releases
its first women?s fragrance. Called Eau d?Amour pour Maman, the EdT
joins the Ptisenbon fragrance for babies and toddlers, and is intended
for young or expectant mothers.
? LVMH's Fresh brand introduces its first products for men.
? Kenzo reveals its latest men's fragrance, Kenzoair. The fragrance is
introduced in France and Italy in November 2003, and then rolled out
to international markets, including other European countries, the
Middle East and Asia in 2004.
? Parfums Christian Dior launches its first Acqua di Parma scent since
it bought the brand?s fragrance licence in September 2001. Called
Colonia Assoluta, the fragrance will be introduced worldwide in
September 2003.
? LVMH perfumery chain Sephora expands its Sephora Girls range (aimed
at young girls). The new make-up items - launch: July - include
eyeshadows, nail polish, and glittering make-up gloss.
? L?Instant de Guerlain - a new Guerlain fragrance aimed at women over
30 - is launched in France and European travel retail markets in
September. It is to be rolled out to the Asian travel retail market in
March 2004.
2002
Acquisitions
? LVMH reaches an agreement to acquire a 40% stake in the US spirit
importer Millenium Import Company.
Business agreements
? Diageo and Moët Hennessy decide to consolidate their respective
brands with a single distributor in certain key US states. The move is
an effort to create greater efficiencies across the US distribution
system, and will be made between Diageo and Schieffelin & Somerset.
Schieffelin & Somerset is a joint venture between Diageo and Moët
Hennessy
? Diageo and Moet Hennessy announce they have decided to consolidate
their respective brands with single distributors in certain key US
states.
Divestments and demergers
? Announces the completion of its sale of the Pommery champagne brand
to the Vranken Monopole group. The sale comprises the Pommery brand,
its site in Reims, its cellars, its champagne stocks and its supply
contracts.
Geographic expansion
? Geographical expansion is planned for the Loewe brand. In 2002 it
plans to enter Morocco, Turkey, Greece, South Africa, China, Thailand,
India, Vietnam among other markets.
Product launches
? Launches Esencia Femme by Loewe in Spain and Portugal in September
2002. Thereafter the fragrance is also rolled out in Belgium and
Austria in October 2002, and to Loewe?s other markets in Asia, the
Middle East, Latin America, and the rest of Europe during February and
March 2003.
? Kenzo relaunches its 1992 Parfum d'Eté fragrance worldwide in order
to create a new image for the brand.
? US brand Bliss announces its intention to expand its product line in
the latter half of 2002. One of the new offerings is its first
fragrance, as well as the introduction of a new line of make-up in
September. For the time being there are no plans to enter new
international markets.
? New women's fragrance Dior Addict is launched in October 2002
? Christian Dior replaces its Capture line, first launched in 1986,
with a new product line called Capture R60/80. It has been developed
by DiorScience, the brand?s new skin care research and development
operation and is positioned for the 45 and over age bracket and claims
60% wrinkle reduction after an hour of application, to 80% reduction
after a month. The brand will launch worldwide from February 2003.
Subsidiary established
? Establishment of Spanish subsidiary Kenzo Espagne.
2001
Acquisitions
? Acquires a majority stake in Newton Vineyard, Napa Valley,
California, and in MountAdam, Eden Valley, South Australia, through
its subsidiary Veuve Clicquot Ponsardin. Veuve Clicquot will also
distribute the brands worldwide.
? Acquires a 50% stake in Italian fragrance manufacturer Acqua di Parma.
Business agreements
? Guerlain and Institut Esthederm create a 50/50 joint venture to
launch Etat Our, a new cosmetology brand.
Other topics
? DFS Group is awarded an exclusive duty-free retail concession for La
Tontouta International Airport in New Caledonia, the third-largest
island in the South Pacific.
? DFS Group is awarded new exclusive Hawaii concession at Honolulu
International Airport. The Hawaii concession, which has been held by
DFS since 1962, will be extended without interruption on 1 June 2001.
Product launches
? Kenzoki, the Kenzo brand's debut in skin care, is launched. The
product line is based on the theme of Ki, or Chi, relying on a dualist
approach of both nature and wellbeing.
? Christian Dior fragrances, colour cosmetics and skin care products
are introduced in to India.
2000
Acquisitions
? Signs a definitive agreement to acquire 100% of Gabrielle Studio
Inc., the privately owned licensor of the Donna Karan trademarks:
DONNA KARAN NEW YORK®, DKNY®, DKNY JEANS? and DKNY ACTIVE? brand
names.
? Announces the acquisition of three Italian fragrances and cosmetics'
businesses and retail chains in order: Laguna, Boidi and Carmen.
? Announces the acquisition of a majority stake in Fresh, a
Boston-based fast-growing beauty company, which has developed a
comprehensive line of sophisticated, high-quality products based
mainly on natural ingredients during its 10 years of existence.
Business agreements
? LVMH makes strategic agreement with RossiModa at the same time as it
undertakes a minority stake in the prestigious Italian shoe company.
? Enters joint venture agreement with De Beers to develop branded diamond business.
1999
Acquisitions
? LVMH announces the creation of a Watch and Jewellery division with
the takeover of TAG Heuer, Ebel, Chaumet and Zenith.
? Acquires Fendi, Bliss, Hard Candy, BeneFit Cosmetics, Make Up For
Ever, Thomas Pink and Phillips. The latter was to be merged at the end
of 2000 with De Pury & Luxembourg Art.
Divestments and demergers
? Announces the disposal of three companies of the Wines & Spirits
business group, Simi, Pellisson and Porto Rozès.
Other topics
? Announces the initiation of sephora.com and the planning of
e-luxury.com, plus a number of other activities.
1998
Acquisitions
? LVMH announces the acquisition by Christian Dior of its Spanish
distributor Distribuidora Farlabo.
? LVMH announces the purchase of the Marie-Jeanne Godard retail chain
in France and its merger with Sephora.
? Announces the acquisition by Sephora of Kharys in northern Italy.
? Takes control of the Laflachère group, a provider of products and
services to the hygiene and beauty trade.
1997
? Announces a cross-shareholding agreement with German retailer
Douglas, with acquisition by LVMH of 30% of Douglas International, and
acquisition by Douglas of a 30% interest in Sephora.
? Announces the acquisition of the Sephora chain of perfumeries in France.
1996
? Announces the acquisition of 91% shareholding in the Loewe group.
? LVMH announces the acquisition of the DFS distributor of luxury goods.
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Divestments and demergers
? LVMH sells Canard-Duchene to the Alain Thienot group |
