LVMH
LVMH Moët Hennessy Louis Vuitton (French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃]), commonly known as LVMH, is a French multinational holding and conglomerate specializing in luxury goods, headquartered in Paris. 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). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000.
Headquarters in Paris | |
Trade name | LVMH |
|---|---|
| Company type | Public (Societas Europaea) |
Traded as |
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| ISIN | FR0000121014 |
| Industry | Luxury goods |
| Predecessors |
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| Founded | 3 June 1987 |
| Founders | Bernard Arnault Alain Chevalier Henry Racamier |
| Headquarters | Paris, France |
Number of locations | 6,097 stores (2023) |
Area served | Worldwide |
Key people | Bernard Arnault (Chairman & CEO) Antonio Belloni (Group Managing Director) Antoine Arnault (Director) Delphine Arnault (Director; Chairman & CEO, Christian Dior Couture) |
| Products |
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| Services | Department stores |
| Revenue | €86.15 billion (2023) |
| €22.56 billion (2023) | |
Net income | €15.17 billion (2023) |
| Total assets | €143.7 billion (2023) |
| Total equity | €62.70 billion (2023) |
| Owner |
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Number of employees | 213,000 (2023) |
| Subsidiaries | List of subsidiaries |
| Website | lvmh |
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. Bernard Arnault is the chairman and CEO of LVMH.