Pause operations: company temporarily curtailing operations while keeping return options open

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LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris.

 
 
 
 
 

Pause operations: company temporarily curtailing operations while keeping return options open

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France
Consumer Goods & Clothing

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
110
Assets(RF), mln.USD
112
Capital(RF), mln.USD
72
Glob.Revenue, mln.USD
93284
Shops
124
Staff(RF), 2021
3500
Taxes(RF), mln.USD
11
The Company Statement
March 04, 2022

LVMH temporarily closes its 124 stores in Russia. Suspend all operations in Russia. LVMH said in January 2025 that it was “impossible” to control the final destination of products sold by third-party distributors after a report said the French luxury group’s champagne reached Russia even after it had ceased business there.

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Statements Archive
January 16, 2025How LVMH and Moët-Hennessy continue to sell cognac and champagne in Russia through a parallel network: the revelations of the Letter
January 14, 2025LVMH says 'impossible' to control final sales point after report of champagne shipments to Russia
May 06, 2024Kremlin wardrobe. Who and how from the leading fashion brands are dressed by Russians
September 29, 2023LVMH Billionaire Bernard Arnault Probed Over Possible Money Laundering
April 30, 2023How Russian fashion brands are replacing foreign ones
July 11, 2022LVMH's Sephora to sell its Russian subsidiary
March 05, 2022The owners of Louis Vuitton and Chanel will temporarily close stores in Russia
March 05, 2022LVMH, Kering, Chanel and Cartier suspend operations in Russia
Online store of cosmetics and perfumery ILE DE BEAUTE
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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