Henry racamier

Henry Racamier, who married a descendant of Louis Vuitton and built a family-owned leather goods company into one of the world's largest luxury goods groups, died on Saturday while traveling in Sardinia, henry racamier. He was

The court decision ended a bitter struggle between the two men for control of LVMH, but the feud may continue with a rival luxury goods empire that Racamier recently created. Arnault took over as the head of the group in early Behind the power struggle was a clash in management styles between the patrician Racamier, who was in steel before marrying into the Vuitton family, and Arnault, who made his name in dismantling the Boussac textile empire. Ironically, Arnault was brought into the firm by Racamier as a potential ally because of disagreements on company strategy between the Vuitton family and the Moet Champagne and Hennessy Cognac clans. It is getting to be a familiar story for old French businesses. March 3, March 2,

Henry racamier

Henry Racamier. Born in in Pont-de-Roide, in Doubs, Henry Racamier first attended French business school "HEC" and then made his career in steel industry, logical choice when one knows that he is the son of an engineer. He begins his working career at Peugeot steelworks. Ten years later, at the end of the war, he starts his own business in special steels trading, Stinox. He successfully runs his business, travels the world to give it an international dimension and will remain its head for thirty years until when he sells it to Thyssen. He is then sixty-five. The story could end there: he has made a success of his life and deserves a little rest. But at the age when others quietly withdraw, Henry Racamier emerges from the shadows. His wife, Odile Vuitton, one of Louis Vuitton's great-granddaughters, is a shareholder of the brand with her five cousins. At the time, Louis Vuitton employs 70 people and consists in only two stores. Its turnover hardly exceeds the equivalent of 10 million euros. Louis Vuitton, prestigious but modest SME, more and more often asks Henri Racamier for advice before entrusting him the management in True trade genius, Henry Racamier starts from a simple observation: it is in the retail market that one earns the most money. He therefore opens a network of more than a hundred shops in ten years, particularly in Japan and the United States where the French luxury brand is much appreciated. Henry Racamier makes the LV monogrammed canvas a world-renowned luxury emblem and endows Vuitton with a powerful image.

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He was primarily known for co-founding the luxury conglomerate LVMH and turning Louis Vuitton into an internationally recognized brand with billions of dollars in sales. His youngest brother was psychiatrist and psychoanalyst Paul-Claude Racamier. He was the son of an industrialist. After acquiring a business degree in Paris , he started his career in the steel industry as he began to work for the Peugeot automotive factories in In , he founded his own company, Stinox , which he sold to Thyssen in

He was primarily known for co-founding the luxury conglomerate LVMH and turning Louis Vuitton into an internationally recognized brand with billions of dollars in sales. His youngest brother was psychiatrist and psychoanalyst Paul-Claude Racamier. He was the son of an industrialist. After acquiring a business degree in Paris , he started his career in the steel industry as he began to work for the Peugeot automotive factories in In , he founded his own company, Stinox , which he sold to Thyssen in With the assets gained through the sale, he took-over the reigns at Louis Vuitton the same year. He began to change the business model substantially, and turned the then small leather goods shops, into an international network of company operated shops worldwide to sell the merchandise.

Henry racamier

He was A self-made steel magnate by career, Racamier married into the Vuitton family in By , Vuitton had stores. In , Racamier listed the company on the Paris Bourse and diversified his portfolio, acquiring the Givenchy and Loewe fashion businesses, as well as the champagne producer, Veuve Clicquot. After two years of legal and public relations battles, Arnault ultimately won his quest in and Racamier was ousted. In recent years, Racamier, through his Orcofi luxury goods holding company, had held minority stakes in such companies as Ines de la Fressange and Lanvin. Racamier was an avid patron of the arts. In , he created the Louis Vuitton Foundation for Opera, Music and Art, which played a vital role in commissioning and sponsoring some 50 operas and 50 new musical scores. He has received numerous awards of French merit, including the Legion of Honor, for his efforts.

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He was the son of an industrialist. Authority control databases. He is then sixty-five. Scuttlebutt Sailing News. Special Supplements. This article needs additional or more specific categories. In 13 years, he expanded it through growth and acquisitions into a world-renowned, billion-dollar luxury goods conglomerate, LVMH Moet Hennessy Louis Vuitton. Henry Racamier. Arnault took over as the head of the group in early Length: words. Business Autos. His youngest brother was psychiatrist and psychoanalyst Paul-Claude Racamier. Business Visionaries. It was thought by branch insiders that he would form another competitor to LVMH, instead he turned to sailing and music. Business Another winning week for Wall Street ends with more records.

He lived in Paris. A native of Pont-de-Roide, France, the son of an industrialist earned a business degree in Paris and founded the steel trading company Stinox.

True trade genius, Henry Racamier starts from a simple observation: it is in the retail market that one earns the most money. Contents move to sidebar hide. Please help out by adding categories to it so that it can be listed with similar articles. Times Archives. April 10, — via The Economist. The cause was a heart attack, according to the Opera National de Paris, which Mr. Henry Racamier makes the LV monogrammed canvas a world-renowned luxury emblem and endows Vuitton with a powerful image. It was thought by branch insiders that he would form another competitor to LVMH, instead he turned to sailing and music. Times Store. Browsing the blog List of articles. The court decision ended a bitter struggle between the two men for control of LVMH, but the feud may continue with a rival luxury goods empire that Racamier recently created.