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LVMH

LVMH Moët Hennessy Louis Vuitton SE
LVMH
FormerlyLVMH Moët Hennessy Louis Vuitton SA (1987-2015)
Company typePublic
ISINFR0000121014
IndustryLuxury goods
Predecessors
Founded3 June 1987; 37 years ago (1987-06-03)
Founders
Headquarters22 Avenue Montaigne
Paris, France[1]
Number of locations
6,097 stores (2023)[2]
Area served
Worldwide
Key people
Bernard Arnault (chairman and CEO)[3][4]
Stéphane Bianchi (Group Managing Director)[5]
Antoine Arnault (Director; CEO of Christian Dior SE)
Delphine Arnault (Director; CEO of Christian Dior Couture)[6]
Products
ServicesDepartment stores
RevenueIncrease €86.2 billion (2023) +9 %[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]
Owners
Number of employees
213,000 (2023)[2]
SubsidiariesList of subsidiaries
Websitelvmh.com

LVMH Moët Hennessy Louis Vuitton SE (French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃]),[8] commonly known as LVMH, is a European multinational holding company and conglomerate[9][10][11][12] that specializes in luxury goods and has its headquarters in Paris, France.[13] The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).[14][15][16] In April 2023, LVMH became the first European company to surpass a valuation of $500 billion.[17] In 2023, the company was ranked 47th in the Forbes Global 2000.[18]

LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Christian Dior Couture, Givenchy, Fendi, Celine, Kenzo, Tiffany, Bulgari, Loewe, TAG Heuer, Marc Jacobs, Stella McCartney, Sephora and Loro Piana. 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 of Château d'Yquem, whose origins date back to 1593, is under LVMH ownership.[19] Bernard Arnault is the chairman, CEO and largest shareholder of LVMH, making him one of the richest people in the world as of 2024.

  1. ^ "LVMH MOET HENNESSY LOUIS VUITTON". Infogreffe. Retrieved 9 October 2024.
  2. ^ a b c d e f g h "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. ^ "Stéphane Bianchi GROUP MANAGING DIRECTOR". February 2024. Archived from the original on 4 February 2024. Retrieved 4 February 2024.
  5. ^ "LVMH GOVERNANCE". May 2024. Archived from the original on 31 May 2024. Retrieved 31 May 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. ^ "History". Christian Dior Finance website. Retrieved 1 November 2024.
  8. ^ a b "LVMH". Euronext Paris. Retrieved 10 December 2024.
  9. ^ "6 Companies Owned by LVMH (Moët Hennessy Louis Vuitton SE)". Investopedia. Archived from the original on 14 February 2023. Retrieved 14 February 2023.
  10. ^ Spencer, Mimosa. "French luxury groups to highlight sector's resilience as demand holds up for now". Reuters. Retrieved 17 September 2024.
  11. ^ Live News, France 24. "French luxury giant LVMH half-year net profit drops 14%". France 24. Retrieved 17 September 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  12. ^ Profile, Forbes. "LVMH Moët Hennessy Louis Vuitton". Forbes. Retrieved 17 September 2024.
  13. ^ "LVMH Moët Hennessy Louis Vuitton". Greffe du tribunal de commerce de Paris. Archived from the original on 23 September 2023. Retrieved 9 September 2020.
  14. ^ "LVMH Moët Hennessy Louis Vuitton SA – Company History". Funding Universe. Archived from the original on 23 August 2011. Retrieved 30 June 2011.
  15. ^ 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.
  16. ^ "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.
  17. ^ 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.
  18. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.
  19. ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 29 January 2010
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