Celine is owned by LVMH (France, EPA: MC), which acquired the brand on 1 July 1996.[1][2] Celine was founded in 1945 in Paris and was independent until 1996.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Celine began in 1945 as a made-to-measure childrens shoe shop in Paris and became a womenswear house in the 1960s. LVMH acquired it in 1996, and successive creative directors have redefined it so completely that its identity is closely tied to whoever is designing.
LVMH acquired Celine, which had begun in 1945 as a made-to-measure children's shoe shop in Paris before becoming a womenswear house. Successive creative directors have redefined it so completely that its identity is closely tied to whoever is designing. The price was not disclosed.