LVMH Moët Hennessy – Louis Vuitton SE (French pronunciation: ​[moɛt‿ɛnɛsi lwi vɥitɔ̃]), also known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris (France). The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer.[2][3][4] 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.[5]

LVMH Moët Hennessy – Louis Vuitton SE
Societas Europaea
Traded asEuronextMC
CAC 40 Component
IndustryLuxury goods
PredecessorMoët & Chandon
Louis Vuitton
Founded1987; 32 years ago (1987)
Area served
Key people
Bernard Arnault (CEO)
Antonio Belloni, MD
ProductsClothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches, wines
ServicesDepartment stores
RevenueIncrease 46.826 billion (2018)[1]
Increase €10.003 billion (2018)[1]
Increase €6.354 billion (2018)[1]
Total assetsIncrease €128.550 billion (2018)[1]
Total equityIncrease €33.957 billion (2018)[1]
Number of employees
145,247 (2018)[1]
SubsidiariesList of subsidiaries

Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights.[6] Bernard Arnault, majority shareholder of Dior, is Chairman and CEO of both companies.[7] In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out. The Dapifer reports that LVMH will gain ownership of Christian Dior haute couture, leather, both men's and women's ready-to-wear, and footwear lines.[8]

Arnault's successful integration of various famous aspirational brands into a single group has inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index.[9]


In the 1990s Bernard Arnault had the idea to create a group of luxury brands.[10]

Co-founder Alain Chevalier died 1 November 2018, aged 87.[11]

Corporate structureEdit

LVMH is headquartered in the 8th arrondissement of Paris, France.[2] The company is listed on the Euronext Paris exchange,[12] and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[13] By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. In 2013, with revenue of $21,7 billion, LVMH was ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report.[14] The group currently employs more than 83,000 people.[13] Thirty percent of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide.[15] Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London).


At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights.[16]

LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo.[17]

In January 2018, LVMH announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%.[18]


A partial list including some of LVMH's best-known brands and subsidiaries:[15][19][20]

Make Up For Ever was established in 1984.[21] and was acquired by LVMH in 1999.[22]

On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned.[23] The transaction was about $5.2 billion.[24] In 2011, LVMH invested $640 million in establishing LCapitalAsia.[25]

On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. in Beijing.[25] In 2011, LVMH invested $640 million in establishing LCapitalAsia.[25] LVMH sales "decreased by about 10 percent from in 2011" in China, and LVMH stopped "opening stores in second and third-tier cities in mainland China".[25] Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of the market is to take advantage of more acceptable prices.[25]

In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm.[26][27] On

12 May 2019 the fashion house Fenty, styled as FEИTY, created by singer Rihanna was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years and she is the first woman of colour to head a brand under LVMH.[28]

Journées ParticulièresEdit

Launched in 2011, Journées Particulières allow visitors to enter scores of ateliers, studios, caves and mansions within the LVMH, with no admission charge. “For the first edition we were not at all certain that the public would come. I speak about that with some emotion. I remember coming along avenue Montaigne at 8AM that first morning and seeing hundreds of people, families, elderly ladies and little kids waiting for the doors of avenue Montaigne 30 to open and I thought we are going to write a beautiful page in history,” said Arnault, referring to Christian Dior's headquarters. It is staged every two years, and has opened doors in France, Italy, Switzerland, UK, Holland, Spain and Germany, with 56 brands welcoming guests into over 70 sites on four continents. The 2017 issue attracted 145000 visitors.[29]


LVMH is a major patron of art in France. The group supported about ten exhibitions as "Le grand monde d’Andy Warhol"[30] and "Picasso et les maîtres"[31] at le Grand Palais in Paris. LVMH also endorsed the patronage of "l’atelier d’Alberto Giacometti" and "Yves Klein" at Centre Georges Pompidou.

Since 2005, when the LVMH flagship store opened in Paris at 3, avenue George V, 75008, the company presented close collaboration with contemporary artists.[32] Features included a light sculpture by American James Turrell, a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's Olafur Eliasson.[33]

In 2006, gallery space was inaugurated on the second floor of the same building and named "Espace Culturel".[34] "Icônes" was one of the first exhibitions.[35] Shigeru Ban, Sylvie Fleury, Zaha Hadid, Bruno Peinado, Andrée Putman, Ugo Rondinone, James Turrell, Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it.[36]

In addition, LVMH foundation created the "young creators LVMH award", an international competition opened to French and international beaux-arts students.[37] Each year, six grants are allocated to the winners.

In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a €300,000 grant with a year of mentoring and is the brainchild of Delphine Arnault.[38] The first winner has been chosen in 2014.[38][39]-In February 2014 20 finalist for the prize were shown in London, such as Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida, J JS Lee, and others.[40] In May 2015 Marques'Almeida was announced as the second winner.[41]

LVMH underwrites other fashion competitions, including the Andam prize in France, the International Festival of Fashion and Photography in Hyères, France, an investment fund for young designers created by the French Ministry of Culture and Communication, and a scholarship program and sponsored lecture theater at Central Saint Martins in London.[38]

The group also lends Stradivarius violins to young talented musicians. Maxim Vengerov and Laurent Korcia have used the instruments.

In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gerry in the Bois de Boulogne in Paris. The Fondation is designed the Group's own museum to present its collections and organize majors world-class arts exhibitions.

On August 26, 2019, Bernard Arnault has declared that LVMH will donate $11 million to help fight the 2019 Brazil wildfires.[42]


On 24 May 2018, LVMH made the e-commerce push by investing in an online fashion search business Lyst as the world's biggest luxury brands to expand their presence online and capture younger shoppers.[43] It is injecting over $60 million into Lyst where LVMH is leading, a $60 million funding round to which it has contributed about 45 percent. Lyst plans to use the new funding by tapping LVMH's deep international expertise and also, to drive global expansion.[44]

Financial dataEdit

Financial data (in million euros) 2006[45] 2007[45] 2008[45] 2009[45] 2010[13] 2011 2012 2013 2014 [46] 2015 [47] 2016 [48] 2017 [1]
Sales 15,306 16,481 17,193 17,053 20,320 23,659 28,103 29,016 30,638 35,664 37,600 42,636
Net profit (before minority interests) 2,160 2,331 2,318 1,973 3,032 3,065 3,909 3,947 6,105 4,001 4,363 5,616
Total equity 11,594 12,528 13,887 14,785 18,204 23,512 25,666 27,907 23,003 25,799 27,903 30,260

See alsoEdit


  1. ^ a b c d e f g "Annual Report 2017" (PDF). Retrieved 29 January 2018.
  2. ^ a b "LVMH Moët Hennessy Louis Vuitton SA – Company History". Funding Universe. Retrieved 30 June 2011.
  3. ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer – LVMH to take controlling stake in Bulgari". Retrieved 30 June 2011.
  4. ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index". Archived from the original on 7 June 2011. Retrieved 30 June 2011.
  5. ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 29 January 2010
  6. ^ "Organizational chart as of April 30, 2013". Dior. Archived from the original on 17 December 2013. Retrieved 12 April 2016.
  7. ^ "25. Bernard Arnault". CNN. Archived from the original on 11 February 2010. Retrieved 11 May 2010.
  8. ^ "LVMH Subsidiaries, Brands and the $13 Billion Christian Dior Buy Out - The Dapifer". THE DAPIFER. 25 April 2017. Retrieved 10 June 2017.
  9. ^ Frankfurt Stock Exchange
  10. ^
  11. ^
  12. ^ "LVMH". European Equitites. Archived from the original on 30 January 2013. Retrieved 12 December 2012.
  13. ^ a b c "Annual Report 2010" (PDF). Retrieved 4 February 2012.[permanent dead link]
  14. ^ Deloitte Global Powers of Luxury Goods 2014 report Archived 17 June 2015 at the Wayback Machine
  15. ^ a b LVMH First half 2009 interim report Archived 24 August 2009 at the Wayback Machine LVMH Retrieved 29 January 2010
  16. ^ "LVMH – Financial Report 2017" (PDF). LVMH. p. 4. Archived from the original (PDF) on 29 January 2018. Retrieved 30 March 2018..
  17. ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). "LVMH denies being in Mot sale talks with Diageo". The Times. London.
  18. ^ "Luxury Group LVMH Cautious for 2018 Despite Record Profits".
  19. ^ Financial Documents LVMH 2012 Archived 28 February 2013 at the Wayback Machine
  20. ^
  21. ^ Wellington, Elizabeth (1 August 2013). "Mirror, Mirror: Joy! Make Up For Ever comes to King of Prussia". Retrieved 3 December 2013.
  22. ^ "Dany Sanz, pionnière du make-up". Retrieved 3 December 2013.
  23. ^ Roberts, Andrew (7 March 2011). "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake". Bloomberg. Retrieved 24 October 2011.
  24. ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). "LVMH bags jeweller Bulgari in $5.2 billion deal". Reuters. Retrieved 24 October 2011.
  25. ^ a b c d e Kang, Xiaoxiao (7 March 2013). "LVHM investing in Chinese mid-priced clothing market". Morning Whistle. Retrieved 10 May 2013.
  26. ^ Astrid Wendlandt (24 February 2014). "LVMH invests in Italian brand Marco de Vincenzo". Reuters.
  27. ^ Socha, Miles (24 February 2014). "LVMH Takes Stake in Marco de Vincenzo". WWD. Retrieved 24 February 2014.
  28. ^ "Rihanna makes history with new label". 10 May 2019. Retrieved 31 May 2019.
  29. ^,1023951.html#.W8D31Sp1OUk
  30. ^ Présentation de l’expo Warhol
  31. ^ LVMH, mécène de l’exposition Archived 21 July 2009 at the Wayback Machine
  32. ^ "Exclusively for the Champs-Elysees".
  33. ^ "BlouinARTINFO".
  34. ^ "Espace Culturel".
  35. ^ "Louis Vuitton s'est associé à neuf créateurs".
  36. ^,1023951.html#.W8DVACp1OUk
  37. ^ Prix LVMH des jeunes créateurs Archived 6 April 2016 at the Wayback Machine Artefact Paris
  38. ^ a b c Miles Socha (21 November 2013). "LVMH to Establish Global Fashion Prize". WWM. Retrieved 21 November 2013.
  39. ^
  40. ^ Socha, Miles (13 February 2014). "Delphine Arnault Unveils LVMH Prize Finalists". WWD. Retrieved 13 February 2014.
  41. ^ Friedman, Vanessa (22 May 2015). "Marques'Almeida Wins 2015 LVMH Prize". The New York Times. Retrieved 24 May 2015.
  42. ^ Dawkins, David. "Bernard Arnault's LVMH Donates $11 Million To Fight Amazon Wildfires". Forbes. Retrieved 27 August 2019.
  43. ^ "Vuitton owner LVMH makes e-commerce push with Lyst investment - ET Retail". Retrieved 29 May 2018.
  44. ^ "LVMH Leads $60 Million Lyst Injection". The Business of Fashion. 24 May 2018. Retrieved 29 May 2018.
  45. ^ a b c d "A solid performance in a contrasting economic environment" (PDF). LVMH. Archived from the original (PDF) on 2 March 2012. Retrieved 12 December 2012.
  46. ^ "Annual Report 2014" (PDF). Retrieved 5 January 2018.
  47. ^ "Annual Report 2015" (PDF). Retrieved 5 January 2018.
  48. ^ "Annual Report 2016" (PDF). Retrieved 5 January 2018.

External linksEdit