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Chevalier, who became president of Moët-Hennessy in 1982, told Business Week, “Roses are a commodity.
In 1983, Louis Vuitton became the sponsor of the America's Cup preliminaries.
Moreover, product diversification ensued, and in 1984, at the urging of financial director Joseph Lafont, the company sold stock to the public through exchanges in Paris and New York.
1984: Louis Vuitton goes public.
Guinness then united with Arnault to control LVMH. In 1990, when Racamier left, Arnault increased his interest in Guinness from 12 to 24 percent, fueling rumors that Guinness would be his next target.
In 1996 Arnault invested $2.6 billion for a 61 percent interest in DFS Group Ltd., a specialty retailer that catered to international travelers.
In 1998 the company purchased Le Bon Marché, an exclusive specialty retailer in Paris.
LVMH currently employs 163,000 people across the world and reported sales of 53.7 billion euros revenue in 2019.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| CCA Global Partners | 1984 | $34.0M | 150 | 11 |
| Marketing Management Inc. | - | $1.0M | 50 | 5 |
| Clark Communications | - | $1.2M | 35 | - |
| Caudalie | 1995 | $21.0M | 750 | - |
| G.A Wright Sales | 1981 | $1.8M | 20 | - |
| Craft Alliance | 1964 | $5.0M | 67 | - |
| The Economist Newspaper Group | 2010 | $464.1M | 350 | 4 |
| Homestead Miami Speedway | 1995 | $8.1M | 175 | - |
| Monster Beverage | 1935 | $7.5B | 3,666 | 187 |
| Hyp | - | - | - | - |
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Moët Hennessy Usa may also be known as or be related to Mhusa, Moet Hennessy USA, Moët Hennessy Usa and Mo�t Hennessy USA Inc.