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Online flash-sale outdoor gear clearance retailer offering premium brands at deep discounts; Backcountry-operated serving deal-hunting outdoor enthusiasts for overstocked and previous-season equipment.
Steep & Cheap is an online outdoor gear flash-sale and clearance retailer specializing in deep discounts on premium outdoor equipment, apparel, and accessories — offering limited-time deals on overstocked, previous-season, and closeout inventory from top outdoor brands including Black Diamond, Patagonia, Arc'teryx, Salomon, and outdoor gear across climbing, skiing, camping, trail running, and adventure categories. Steep & Cheap is operated by Backcountry (previously as a standalone site, owned by Liberty Interactive and later Steep & Cheap as a Backcountry subsidiary), focusing on the value-seeking outdoor enthusiast who wants premium gear at significant discounts.
Paris global luxury conglomerate (EPA: MC) at ~€84.7B 2024 revenue; 75+ brands (Louis Vuitton, Dior, Hennessy, Sephora), named preferred buyer for Giorgio Armani (€10B+) after founder's Sept 2025 death, competing with Kering and Hermès.
LVMH Moët Hennessy Louis Vuitton SE is a Paris, France-based global luxury goods conglomerate — publicly traded on Euronext Paris (EPA: MC) and the world's largest luxury company by revenue — owning and managing 75+ prestige brands across Fashion & Leather Goods, Wines & Spirits, Perfumes & Cosmetics, Watches & Jewelry, and Selective Retailing through approximately 213,000 employees serving luxury consumers across 6 continents. LVMH's flagship brands include Louis Vuitton (the world's most valuable luxury brand), Christian Dior Couture, Moët & Chandon, Dom Pérignon, Hennessy cognac, Givenchy, Celine, Fendi, Bulgari, TAG Heuer, Hublot, Sephora, and DFS. In fiscal year 2024, LVMH reported revenue of approximately €84.7 billion, with the Fashion & Leather Goods segment (Louis Vuitton and Dior, ~40% of revenue) demonstrating resilience in a challenging global luxury environment characterized by post-pandemic demand normalization, Chinese luxury consumer caution, and currency headwinds. CEO and Chairman Bernard Arnault — the world's wealthiest individual — has built LVMH through decades of acquisitions of trophy luxury brands. LVMH's most significant strategic development for 2025-2026 is the preferred buyer designation for Giorgio Armani following the Italian fashion designer's death in September 2025 — with LVMH named in Armani's will as the preferred acquirer of the €10B+ Armani Group, with an initial 15% purchase within 18 months potentially leading to a full acquisition of one of the world's last independent luxury fashion houses.
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