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Join us! LVMH, the world’s leading luxury products group, gathers 75 prestigious brands, with 86.2 billion euros revenue in 2023 and a retail network of over 6,000 stores worldwide. A family-run group, LVMH strives to ensure the long-term development of each of its Houses in keeping with their identity, their heritage and their expertise.
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LVMH, the world’s leading luxury products group, gathers 75...
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Our Maisons - LVMH. A family-run group, LVMH strives to...
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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 founder, chairman, CEO and largest shareholder of LVMH, making him the world’s third richest person as of 2024.
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LVMH, multinational conglomerate headquartered in Paris that is the largest luxury goods group in the world. LVMH owns 75 luxury brands, including Louis Vuitton, Christian Dior, and Tiffany & Co. It is the only group whose subsidiaries span all five sectors of the luxury goods market: wines and spirits, fashion and leather goods, perfumes and cosme...
LVMH began in 1987 when Henri Recamier, then the head of Louis Vuitton, announced the merger of his company with Moët Hennessy. The latter was itself a merger, formed in 1971 between Moët & Chandon, a historic producer of champagne known especially for Dom Perignon, and Hennessy, a leading producer of cognac. Three years later Recamier was ousted from the company in a hostile takeover by Bernard Arnault, who became chairman and CEO of LVMH.
Arnault focused on increasing LVMH’s growth by acquiring existing companies and brands in various luxury sectors, including the French fashion houses Christian Lacroix, Givenchy, and Kenzo; the leather goods companies Loewe, Celine, and Berluti; the jeweler Fred Joaillier; the duty-free chain DFS Group; and the beauty retailer Sephora. He pursued this strategy so effectively that LVMH’s revenue increased 500 percent from 2005 to 2022, when it also announced annual profits of over €20 billion.
LVMH has nurtured a reputation for promoting creativity and artistic talent in the fashion market. In a 2014 interview with the management consulting firm McKinsey & Company, Pierre-Yves Roussel, then the CEO of the LVMH fashion group, described how the company sought out creatives who were able to innovate and keep iconic products relevant. Indeed...
Despite its successes, LVMH has not been without its scandals. From the very beginning of Arnault’s tenure, his aggressive style raised eyebrows and often led to vitriolic lawsuits, as when he ousted Recamier during LVMH’s earliest years and when he attempted to pull out of purchasing Tiffany & Co. during the height of the COVID-19 pandemic in 2020...
Jun 25, 2024 · LVMH acquired Dior in a $13.1 billion deal in 2017. Previously, the brand, which was founded in 1947, was owned by Arnault's Groupe Arnault. Dior is best known for its gowns and handbags.
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Hotel Louis Vuitton Paris - Best Price Guarantee. TAG Heuer returns to eyewear with Thélios. Watches & Jewelry. 10 January 2024. Zenith unveils first ICONS: PILOT capsule collection. Fashion & Leather Goods. 09 January 2024. Louis Vuitton launches Louis Vuitton [Extended], its first podcast, for a deep dive to the heart of the Maison.
The group's shares are listed on compartment "A" of Euronext Paris and are included in the calculation of the main stock market indexes (CAC 40, DJ-EuroStoxx 50, MSCI Europe and FTSE Eurotop 100). Moreover, LVMH has a market cap of 323 billion euros, with record sales of 64.2 billion euros and a record profit of 12 billion euros in 2021.
Jul 23, 2024 · Paris, July 23, 2024 LVMH Moët Hennessy Louis Vuitton, the world’s leading high-quality products group, recorded revenue of €41.7 billion in the first half of 2024. Growth continued over the ...
