Henry racamier

Henry Racamier, henry racamier, who married a descendant of Louis Vuitton henry racamier 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.

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.

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

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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, March 2,

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. Subscribe to our newsletter for critical marketing information delivered to your inbox.

Henry racamier

He was A self-made steel magnate by career, Racamier married into the Vuitton family in By , Vuitton had stores.

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Once the darling of the EV world, the electric truck-maker Rivian is reeling. All Sections. Business Visionaries. Louis Vuitton, prestigious but modest SME, more and more often asks Henri Racamier for advice before entrusting him the management in April 1, aged 90 Italy. 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. Portraits of Vuitton leaders. Document Type: Obituary. Authority control databases. 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 French businessman — A man has clearly got it: Bernard Arnault.

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. In , he married Odile Vuitton, the great-granddaughter of Louis Vuitton, founder of his namesake company.

At the time, Louis Vuitton employs 70 people and consists in only two stores. In , he founded his own company, Stinox , which he sold to Thyssen in He begins his working career at Peugeot steelworks. Catalogs and Books. Archive of the New York Times. Business Another winning week for Wall Street ends with more records. Article Preview :. Les Echos. For Subscribers. Times Archives. It was thought by branch insiders that he would form another competitor to LVMH, instead he turned to sailing and music. 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.