Reducing Activities: company scaling back some business operations while continuing others
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LVMH
LVMH
LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackTop 100 largest companies in Russia by revenue
Top 100Glob.Revenue, mln.USD
93284
The Company Statement
September 17, 2025
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. The Russian division of Louis Vuitton Moёt Hennessy has extended its lease for its office in the Citydel business center on Zemlyanoy Val Street in central Moscow.
| January 16, 2025 | How LVMH and Moët-Hennessy continue to sell cognac and champagne in Russia through a parallel network: the revelations of the Letter |
| January 14, 2025 | LVMH says 'impossible' to control final sales point after report of champagne shipments to Russia |
| May 06, 2024 | Kremlin wardrobe. Who and how from the leading fashion brands are dressed by Russians |
| September 29, 2023 | LVMH Billionaire Bernard Arnault Probed Over Possible Money Laundering |
| April 30, 2023 | How Russian fashion brands are replacing foreign ones |
| July 11, 2022 | LVMH's Sephora to sell its Russian subsidiary |
| March 05, 2022 | The owners of Louis Vuitton and Chanel will temporarily close stores in Russia |
| March 05, 2022 | LVMH, Kering, Chanel and Cartier suspend operations in Russia |
| March 04, 2022 | LVMH to temporarily close its 124 shops in Russia |
| Online store of cosmetics and perfumery ILE DE BEAUTE |
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