A fashion and fine beverage company created through the merger of Louis Vuitton and Moët Hennessy in 1987, LVMH is considered the world’s leading luxury goods vendor. LVMH’s fashion and fragrance division manage well-known brands including Kenzo, Givenchy, Dior and Louis Vuitton. The company’s wine and spirits group includes premium brands such as Dom Pérignon, Hennessy and Moët Chandon. Cosmetics and perfume chain Sephora is part of the company’s retail division.
Historically a supplier of luggage to the wealthy and affluent, Louis Vuitton founded his company in France in 1854. Vuitton’s son, George, began directing the business in 1885, propelling its international expansion throughout Europe and North America into the 20th century. Henry Racamier, the husband of Gaston Vuitton’s daughter, oversaw the company’s years of significant growth and expansion during the late 70s and 80s. Louis Vuitton began acquiring quality and refined brands such as Givenchy and Veuve Cliquot.
Talented French vintner Claude Moët founded Moët et Cie (Moët and Company) in 1743. With the help of his son, the company enjoyed international success, with wine sales to Germany, Spain, Eastern Europe and America. Moët continued to flourish and expand throughout its distinguished 275-year history, becoming one of the largest and most recognisable purveyors of wine and spirits.
After the $4 billion mergers between the two companies, Bernard Arnault secured a controlling interest in LVMH. Arnault oversaw the company’s aggressive acquisition strategy and is credited for building many strategic partnerships that have contributed to the company’s dominant position in the marketplace.
- Family name: Arnault family
- Sector: Consumer Products & Retail
- Founded: 1987
- Founder: fashion house Louis Vuitton with Moët Hennessy
- Country: France
- Company headquarters: Paris, France
- Managers: Bernard Arnault
- Revenue: US$38.7 billion
- Rankings: 459 [Fortune 500]
- Family ownership: 46.6%
- Employees: 125,346
- Website: https://www.lvmh.com/
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