LVMH (Moët Hennessy Louis Vuitton) is the world’s largest luxury goods conglomerate, headquartered in Paris, France. Established in 1987, it was created through the merger of high-end fashion house Louis Vuitton and wine and spirits company Moët Hennessy.
Key Points:
- Founded: 1987
- CEO: Bernard Arnault
- Industries: Luxury fashion, wines and spirits, perfumes, cosmetics, watches, and jewelry
- Brands: Louis Vuitton, Christian Dior, Givenchy, Bulgari, Sephora, Fendi, Dom Pérignon, Hennessy, and many more.
- Global Reach: Operates over 5,000 stores worldwide
- Revenue: Over €79 billion in 2023
LVMH controls a portfolio of 75 prestigious brands across five main sectors. It is known for its craftsmanship, exclusivity, and appeal to affluent consumers, catering to markets that value heritage, quality, and status.
Its core sectors are:
- Fashion and Leather Goods: Includes Louis Vuitton, Fendi, and Givenchy.
- Wines and Spirits: Features Moët & Chandon, Hennessy, and Veuve Clicquot.
- Perfumes and Cosmetics: Dior, Guerlain, and Sephora lead this category.
- Watches and Jewelry: Brands like TAG Heuer and Bulgari are key players.
- Selective Retailing: Focused on distribution with Sephora and DFS as flagship retailers.
LVMH has thrived through constant innovation and acquisitions of iconic brands, creating a dominant presence in the luxury sector globally.