Tiffany & Co. and the $15.8 billion deal that put it under LVMH
Founded in New York in 1837, Tiffany became part of LVMH in 2021. Its Fifth Avenue flagship reopened in 2023 after a long renovation.
luxury business
How Chanel stayed private for more than a century
Coco Chanel opened a hat shop on Rue Cambon in 1910. Today the house is owned by the Wertheimer family, who first backed its perfume in 1924.
Hermès, the saddle maker that became luxury’s most valuable family business
Hermès began as a Paris harness maker in 1837. The family still controls it, and its Birkin bag is one of the most sought-after products in fashion.
Inside the auction business at Sotheby’s
Sotheby’s held its first sale of books in London in 1744. It now sells art, jewelry, cars and real estate around the world.
Rolex, the watchmaker owned by a foundation
Hans Wilsdorf started the company that became Rolex in London in 1905. Today a Swiss charitable foundation owns it.