LVMH is a multinational family-run corporation and conglomerate headquartered in Paris, France that specialises in luxury goods. LVMH is the largest market capitalisation in France, and now in the Eurozone, with a record €203 billion. The group employs 163,000 people and boasts €53.7 billion in annual revenue.
Formed in 1987, under the merger of fashion house Louis Vuitton and Moët Hennessy, it is home to 75 distinguished luxury brands (which it refers to as ‘Houses’). Among those luxury brands are Christian Dior, Dom Pérignon, Moët & Chandon, Fendi, Givenchy, Loro Piana, Louis Vuitton, Bulgari, Hublot, TAG Heuer, Cheval Blanc and Princess Yachts.
The Houses are rooted in six different sectors, including wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewellery, and selective retailing.
According to Bernard Arnault, Chairman and Chief Executive Officer, the LMVH model is based on the long-term vision, values the heritage of the LMVH Houses stimulating creativity and excellence—the driving force for the Group’s success and the guarantee of its future. Arnault’s successful integration of various famous aspirational brands into a single group pathed the way for other luxury companies to do likewise.
The group also an extensive history of charitable endeavours under its belt. It is a major patron of art in France. The group supported ten exhibitions as “Le grand monde d’Andy Warhol” and “Picasso et les maîtres” at le Grand Palais in Paris. On August 26, 2019, Bernard Arnault declared that LVMH would donate $11 million to help fight the 2019 Brazil wildfires.
