LVMH

LVMH

French multinational luxury goods conglomerate
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LVMH Moët Hennessy Louis Vuitton , commonly known as LVMH, is a French multinational holding company and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000.

Type
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Traded as
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ISIN
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Industry
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Predecessor
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Founded
1987; 32 years ago (1987)
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Founder
Alain Chevalier
Henry Racamier
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Headquarters
Paris
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France
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Area served
Worldwide
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Key people
Bernard Arnault (CEO)
Antonio Belloni, MD
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Products
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Services
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Revenue
Increase 46.826 billion (2018)
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Operating income
Increase €10.003 billion (2018)
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Net income
Increase €6.354 billion (2018)
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Total assets
Increase €128.550 billion (2018)
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Total equity
Increase €33.957 billion (2018)
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Owner
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Number of employees
145,247 (2018)
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Subsidiaries
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Website
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