Chanel, LVMH The 5 greatest French fortunes come from luxury

The "Challenges" ranking of the greatest French professional fortunes in 2021 has fallen. In the first places, the five families who own the most beautiful French luxury houses.

Luxury knows no crisis. And it is not the Challenges ranking of the greatest French professional fortunes in 2021 that will demonstrate the opposite. In the first five places, we find the families that own LVMH (Louis Vuitton, Celine, Dior...), Hermès, L'Oréal, Chanel and Kering (Saint Laurent, Gucci, Balenciaga...).

The top 5 professional fortunes in France:

Luxury, a safe haven in times of crisis?

Despite the health crisis that has been raging since January 2020, its consequences on the economy and the almost total cessation of travel, these luxury giants continue to grow rich in 2021. According to figures from Challenges, Bernard Arnault has thus seen his heritage increase by 55 billion euros in one year. The LVMH group, which he owns, saw a 30% jump in sales in the first quarter of 2021 compared to the previous year. Dior, Celine and Louis Vuitton, the houses of the listed company, have been able to adapt to the new rules enacted by the coronavirus. Virtual or mini-committee fashion shows, new sales techniques... In short, these brands have found a way to continue selling dreams (and luxury products) to their consumers.

Luxury knows no crisis. And it is not the Challenges ranking of the greatest French professional fortunes in 2021 that will demonstrate the opposite. In the first five places, we find the families who own LVMH...

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