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luxury is irrational, which makes it the best business in the world. In 2016 Estée Lauder was worth more than the world’s largest communications firm, WPP.9 Richemont, owner of Cartier and Van Cleef & Arpels, was worth more than T-Mobile.10 LVMH commands more value than Goldman Sachs.
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Scott Galloway (The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google)
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La Colle Noire took some time to sell, and passed through several hands before it was bought in 2013 by Christian Dior Parfums (now part of the mighty LVMH group, as is the Dior fashion business).
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Justine Picardie (Miss Dior: A Story of Courage and Couture)
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Today, Champagne Veuve Clicquot is owned by the luxury conglomerate LVMH (Moët Hennessy Louis Vuitton, acquired 1987), which also owns Champagne Moët et Chandon.
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Tilar J. Mazzeo (The Widow Clicquot: The Story of a Champagne Empire and the Woman Who Ruled It (P.S.))