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Overview
LVMH Moët Hennessy - Louis Vuitton Société Européenne, commonly known as LVMH, is a French luxury goods conglomerate. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed through the merger of the champagne producer Moët & Chandon and cognac producer, Hennessy. LVMH operates a portfolio of over 70 prestigious brands in the fashion, leather goods, perfumes, cosmetics, wines and spirits, watches and jewelry, and selective retailing sectors. Some of their most well-known brands include Louis Vuitton, Christian Dior, Givenchy, Fendi, Bulgari, Sephora, Dom Pérignon, and Hennessy. The company is headquartered in Paris, France, and is publicly traded on the Euronext Paris exchange. As of 2021, LVMH has over 160,000 employees worldwide and generates annual revenues of around €44 billion. The company is led by Chairman and CEO Bernard Arnault, who has been instrumental in its growth and success. LVMH has a strong commitment to sustainability, with initiatives in place to reduce its environmental impact, promote ethical sourcing and production, and support local communities. It has also been recognized for its efforts in promoting diversity and inclusion in the workplace. Overall, LVMH is known for its high-quality, luxurious and exclusive products, and has a strong global presence with a wide customer base.
What is special about the company?
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