- LVMH Moët Hennessy Louis Vuitton SE, better known as LVMH, is a European multinational luxury goods conglomerate, native of France and headquartered in Paris
LVMH Net worth 2024 (estimated)
| | How much is LVMH worth? | Under review
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LVMH facts
- The company was formed by the 1987 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
- Arnault's successful integration of various famous aspirational brands into the 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
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