Henry racamier

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

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.

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.

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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,

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. Racamier was also a passionate sailor.

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

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They had two daughters [7]. Les Echos. He was the son of an industrialist. The story could end there: he has made a success of his life and deserves a little rest. 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. Yet in a bitter battle with the current chairman, Bernard Arnault, Mr. But at the age when others quietly withdraw, Henry Racamier emerges from the shadows. In , he founded his own company, Stinox , which he sold to Thyssen in Email info la-malle-en-coin. France BnF data. Is it possible to have too many credit cards?

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.

March 3, Special Supplements. Vuitton encyclopedia. He begins his working career at Peugeot steelworks. Contents move to sidebar hide. In , he took Louis Vuitton public at the stock exchange. More to Read. Business Fighting over money? Retrieved April 1,