Ukrainian victims of the Russian invasion. On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. In addition, the company closed 124 of its stores in Russia. E-commerce On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as a way for LVMH's luxury brands to expand their presence online and capture younger shoppers. LVMH contributed to Lyst's $60 million funding round, which also included access to LVMH's international expertise, designed to drive Lyst's global expansion. Financial data Controversy John Galliano's anti-semitism On 25 February 2011, Christian Dior announced they had suspended designer John Galliano following his arrest over an alleged anti-semitic tirade in a Paris bar. In France, it is against the law to make anti-semitic remarks of this nature, and it can be punished by up to six months in prison. On 1 March 2011, Christian Dior officially announced that it had fired Galliano amidst the controversy. Sebastian Suhl In 2012 former Prada COO Sebastian Suhl was hired by Givenchy as the company's new CEO. The Asian Transnational Corporation Monitoring Network (ATNC), a network made of 15 organizations from 12 Asian countries wrote a letter of concern to LVMH Group's Bernard Arnault as Suhl was at the same time a key person in the Prada Female Discrimination Case where he described as complicit in sexual harassment and discrimination practices. Corruption During December 2021, LVMH paid €10 million to settle claims in Paris to end several criminal investigations that a former French intelligence chief, Bernard Squarcini, spied for the company, on competitors and others, including on an activist making a film about its billionaire owner, Bernard Arnault. Prosecutors allege that the intelligence chief used tactics like influence peddling, invasion of privacy, and leveraging his network in intelligence and police on behalf of the company. See also Estée Lauder Companies Richemont Kering Luxottica References External links Marques de LVMH classées par secteurs d'activités 8th arrondissement of Paris CAC 40 Companies in the Euro Stoxx 50 Companies listed on Euronext Paris Conglomerate companies of France French companies established in 1987 Hennessy family History of cosmetics Holding companies established in 1987 Hospitality companies of France Luxury brand holding companies Manufacturing companies based in Paris Multinational companies headquartered in France Retail companies established in 1987 Watchmaking conglomerates Clothing companies based in New York City