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LVMH is a family-run group that owns 75 prestigious brands in six business sectors, with a focus on excellence and heritage. Learn more about LVMH's social, environmental and cultural initiatives, and its vision for the Olympic and Paralympic Games Paris 2024.
- Our Maisons
LVMH is home to 75 distinguished Maisons rooted in six...
- Our Mission
The world leader in luxury, LVMH is a family-led Group that...
- Investors
LVMH, the world’s leading luxury products group, gathers 75...
- Fashion & Leather Goods
MAISONS THAT COMBINE VIBRANT. CREATIVITY WITH TIMELESSNESS....
- History
LVMH's latest business group, Watches & Jewelry, was created...
- Watches & Jewelry
LVMH’s Watches & Jewelry Maisons are among the most dynamic...
- Our Maisons
In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH.
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.
- Overview
- History
- Fashion
- Scandals
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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...
LVMH is the world's largest luxury goods group, founded in 1987 by Bernard Arnault. It owns 75 brands in five sectors, such as fashion, wines, and jewelry, and has faced scandals and lawsuits.
LVMH is a family group with 75 iconic Maisons in six sectors of the luxury industry. Follow LVMH on LinkedIn to discover its news, values, culture and opportunities.
Jul 23, 2024 · LVMH, the world’s leading high-quality products group, reported revenue of €41.7 billion and profit from recurring operations of €10.7 billion in the first half of 2024. The Group achieved organic growth of 2% despite a challenging geopolitical and economic environment, with strong performance in Europe, the US and Japan.
As the world leader in luxury, the LVMH group comprises 70 exceptional Houses that create high quality products, such as Louis Vuitton, Christian Dior Couture, DFS and Sephora.
