Henry racamier

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 henry racamier 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.

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. He was The cause was a heart attack, according to the Opera National de Paris, which Mr. Racamier, a well-known patron of music and the arts, supported almost his entire life. Racamier made a fortune in the steel industry before he was asked at age 65 by the family of his wife, Odile Vuitton, the great-granddaughter of Louis Vuitton, to run the family's leather goods business.

Henry racamier

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. In order to make the brand notable on an international scale, he started to sponsor top-of-the-range sporting events and created a new marketing strategy which would lead the brand to the top and be well known worldwide. In , he took Louis Vuitton public at the stock exchange. Between and he and Alain Chevalier , the other co-founder of the luxury group conducted an open war against Bernard Arnault who was taking over power; Arnault was successful and ejected Racamier from the company board by It was thought by branch insiders that he would form another competitor to LVMH, instead he turned to sailing and music. Racamier was also a noted sponsor of international sailing competitions and in was posthumously inducted into the America's Cup Hall of Fame.

With the assets gained through the sale, he took-over the reigns at Louis Vuitton the same year, henry racamier. Please help out by adding categories to it so that it can be listed with similar 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. 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.

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.

Henry racamier

Henry Racamier, the man credited with turning Louis Vuitton from a sleepy family-owned leather goods maker into a global luxury brand in the s, died on Saturday. Racamier was married to a Vuitton heiress, but he had little involvement in the business until he retired at the age of Widely praised at the time, the merger began to come apart within months as Racamier and LVMH chairman Alain Chevalier fell out, leaving the way open for others to take advantage of the feud at the heart of the new company. But it was Arnault, having sought the backing of Guinness in his turn, who saw the opportunity to seize control LVMH for himself. He sold up in Perhaps in an inadvertent tribute to Racamier, the company he was instrumental in putting together in , announced last week it will open its first Louis Vuitton store in India, making a total Vuitton stores in 51 countries.

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It is getting to be a familiar story for old French businesses. 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. Related Subjects Louis Vuitton S. Follow us! Source Citation. He begins his working career at Peugeot steelworks. Article Talk. About Us. Business Visionaries. Categories : French industrialists births deaths French business biography stubs. Contents move to sidebar hide.

Today the company is the largest luxury brand in the world and is part of LVMH , but it began as a family-owned firm. In , a year-old Louis Vuitton ventured to Paris, where he began working as an apprentice for trunk designer Monsieur Marechal. In , Vuitton launched his namesake label and opened his own workshop in Paris.

More From the Los Angeles Times. Email info la-malle-en-coin. De Los. More to Read. March 3, It was thought by branch insiders that he would form another competitor to LVMH, instead he turned to sailing and music. You can help Wikipedia by expanding it. From: The New York Times. Authority control databases. March 1,