Louis Vuitton Foundation

The building of the Louis Vuitton Foundation, started in 2006, is an art museum and cultural center sponsored by the group LVMH and its subsidiaries. It is run as a legally separate, nonprofit entity as part of LVMH's promotion of art and culture.
The art museum opened in October 2014. The building was designed by the architect Frank Gehry, and is adjacent to the Jardin d'Acclimatation in the Bois de Boulogne of the 16th arrondissement of Paris, bordering on Neuilly-sur-Seine. More than 1.4 million people visited the Louis Vuitton Foundation in 2017.
The actual cost of the museum, initially projected to be €100 million, was revealed in 2017 to have been nearly eight times that sum. A November 2018 report of the French Court of Audit indicated that from 2007 to 2014, the construction of the building constituted the main activity of the Foundation. Earlier that month, FRICC, a French anti-corruption group, filed a complaint in court in Paris accusing the Louis Vuitton Foundation of committing fraud and tax evasion in the construction of its museum.
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