LVMH - Moët Hennessy Louis Vuitton
 |
|
| Societas Europaea | |
| Traded as |
Euronext: MC CAC 40 Component |
| Industry | Conglomerate (Luxury goods) |
| Predecessor |
Moët & Chandon Hennessy Louis Vuitton |
| Founded | 1987 |
| Headquarters | Paris, France |
|
Area served
|
Worldwide |
|
Key people
|
Bernard Arnault (CEO) Antonio Belloni, Managing director |
| Products | Clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches, wines |
| Services | Department stores |
| Revenue |
 € 35.664 billion (2015) |
|
€6.384 billion (2015) |
|
| Profit |
€4.001 billion (2015) |
| Total assets |
€57.6 billion (2015) |
| Total equity |
€25.8 billion (2015) |
| Owner |
Christian Dior SE via Financière Jean Goujon |
|
Number of employees
|
120,000 (2015) |
| Subsidiaries | List of subsidiaries |
| Website | LVMH.com |
Bernard Arnault (CEO)
LVMH Moët Hennessy Louis Vuitton SE, better known as LVMH, is a French multinational luxury goods conglomerate, native of France and headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moet Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer. It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.
Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights.Bernard Arnault, majority shareholder of Dior, is Chairman of both companies and CEO of LVMH. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out. The Dapifer reports that LVMH will gain ownership of Christian Dior haute couture, leather, both men’s and women’s ready-to-wear, and footwear lines.
Arnault's successful integration of various famous aspirational brands into a single group has inspired other luxury companies into doing the same. Thus, the French conglomerate Kering (formerly named PPR) and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 .
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Wikipedia