LVMH

LVMH Moët Hennessy Louis Vuitton
LVMH
Company typePublic (Societas Europaea)[1]
ISINFR0000121014
IndustryLuxury goods
Predecessors
Founded3 June 1987 (1987-06-03)
FoundersBernard Arnault
Alain Chevalier
Henry Racamier
HeadquartersParis, France
Number of locations
6,097 stores (2023)[2]
Area served
Worldwide
Key people
Bernard Arnault (Chairman & CEO)[3][4]
Antonio Belloni (Group Managing Director)[5]
Antoine Arnault (Director)
Delphine Arnault (Director; Chairman & CEO, Christian Dior Couture)[6]
Products
ServicesDepartment stores
RevenueIncrease €86.15 billion (2023)[2]
Increase €22.56 billion (2023)[2]
Increase €15.17 billion (2023)[2]
Total assetsIncrease €143.7 billion (2023)[2]
Total equityIncrease €62.70 billion (2023)[2]
Owner
Number of employees
213,000 (2023)[2]
SubsidiariesList of subsidiaries
Websitelvmh.com

LVMH Moët Hennessy Louis Vuitton (French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃]),[1] commonly known as LVMH, is a French[7] multinational holding and conglomerate specializing in luxury goods, headquartered in Paris.[8] The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).[9][10][11] In April 2023, LVMH became the first European company to surpass a valuation of $500 billion.[12] In 2023, the company was ranked 47th in the Forbes Global 2000.[13]

LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. LVMH owns Les Echos-Le Parisien Group, its media subsidiary. The wine estate Château d'Yquem, whose origins date back to 1593, is under LVMH ownership.[14] Bernard Arnault is the chairman and CEO of LVMH.

  1. ^ a b "LVMH MOET HENNESSY LOUIS VUITTON". Infogreffe. Archived from the original on 14 June 2021. Retrieved 9 September 2020.
  2. ^ a b c d e f g "LVMH 2023 Financial Documents" (PDF). 31 December 2013. Archived (PDF) from the original on 10 March 2024. Retrieved 22 March 2024.
  3. ^ "Board of Directors - LVMH Group Governance". February 2024. Archived from the original on 27 January 2024. Retrieved 4 February 2024.
  4. ^ "Executive Committee - LVMH Group Governance". February 2024. Archived from the original on 4 February 2024. Retrieved 4 February 2024.
  5. ^ "Antonio Belloni, LVMH Group Managing Director". February 2024. Archived from the original on 4 February 2024. Retrieved 4 February 2024.
  6. ^ "Delphine Arnault, Chairman and Chief Executive Officer of Christian Dior Couture". February 2024. Archived from the original on 26 December 2023. Retrieved 4 February 2024.
  7. ^ "6 Companies Owned by LVMH (Moët Hennessy Louis Vuitton SE)". Investopedia. Archived from the original on 14 February 2023. Retrieved 14 February 2023.
  8. ^ "LVMH Moët Hennessy Louis Vuitton". Greffe du tribunal de commerce de Paris. Archived from the original on 23 September 2023. Retrieved 9 September 2020.
  9. ^ "LVMH Moët Hennessy Louis Vuitton SA – Company History". Funding Universe. Archived from the original on 23 August 2011. Retrieved 30 June 2011.
  10. ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer – LVMH to take controlling stake in Bulgari". FT.com. Archived from the original on 14 July 2011. Retrieved 30 June 2011.
  11. ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index". LVMH.com. Archived from the original on 7 June 2011. Retrieved 30 June 2011.
  12. ^ Reid, Jenni (24 April 2023). "Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value". CNBC.com. CNBC. Archived from the original on 7 September 2023. Retrieved 16 October 2023.
  13. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  14. ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 29 January 2010