LVMH Moët Hennessy • Louis Vuitton S.A. usually shortened to LVMH, is a French holding company and is the world's largest luxury goods conglomerate. It is the parent of around 60 sub-companies that each manage a small number of prestigious brands. These daughter companies are, to a large extent, run autonomously. The group was formed after mergers brought together champagne producer Moët et Chandon and Hennessy, a leading manufacturer of cognac. In 1987, they merged with fashion house Louis Vuitton to form the current group.

The group is partly owned by the Christian Dior group, and Bernard Arnault is Chairman and CEO of both companies. His successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate PPR) and Richemont have also created extended portfolios of luxury brands. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.

In 2001 De Beers launched a joint venture with LVMH in order to establish De Beers as a retail brand.

LVMH created a prize called the "Prix Science pour l'Art", which nominated several scientists who would later receive the Nobel Prize. The last Prize was awarded in 1997 to Rolf Landauer.

Financial Data

Financial Data in euro millions
Year 2002 2003 2004 2005 2006 2007
Sales 12 693 11 962 12 623 13 910 15 306 16 481
EBITDA 2 300 2 796 2 745 3 382 3 646 4 076
Net Result share of the group 556 723 1 010 1 440 1 879 2 025
Net Debt 6 455 5 427 5 100 4 318 3 400 ?
''Source :' OpesC'

Corporate structure

LVMH is based in Paris, France. The company is listed on the Euronext Paris exchange and is a constituent of the CAC 40 index. As of 2006, the group had a turnover of 15,3 billion euros with a net income of 2 billion euros. The group currently employs 64,000 people. 30% of LVMH's staff work in France. LVMH operates over 1,900 stores worldwide. 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). This practice contrasts greatly with less exclusive brands which can be bought in shopping malls around the world.


LVMH's brands include:
Company Sector Acquisition Date
10 Cane Rum Wines and spirits
Belvedere (vodka) Wines and spirits Wines and spirits
[[Cape Mentelle Wines and spirits
Chandon Estates Wines and spirits
Château d'Yquem Wines and spirits
Cloudy Bay Vineyards Wines and spirits
Hennessy Wines and spirits
Krug Wines and spirits
Mercier Wines and spirits 1970
Moët et Chandon (including Dom Pérignon) Wines and spirits
MountAdam Wines and spirits
Newton Wines and spirits
Ruinart Wines and spirits
Veuve Clicquot Wines and spirits
Glenmorangie (including Ardbeg and Glen Moray) Wines and spirits
Wenjun Wines and spirits
Chaumet Watches and jewellery 1999
Dior Watches Watches and jewellery
Fred Joaillier Watches and jewellery 1995
TAG Heuer Watches and jewellery 1999
Zenith International S.A. Watches and jewellery 1999
Hublot Watches and jewellery 2008
Louis Vuitton Fashion and leather goods
Fendi Fashion and leather goods
Berluti Fashion and leather goods 1993
Celine Fashion and leather goods 1996
Donna Karan New York (DKNY) Fashion and leather goods 2001
eLuxury Fashion and leather goods
Emilio Pucci Fashion and leather goods 2000
Givenchy Fashion and leather goods 1993
Kenzo Fashion and leather goods 1993
Loewe Fashion and leather goods 1996
Marc Jacobs Fashion and leather goods
StefanoBi Fashion and leather goods
Thomas Pink Fashion and leather goods 2001
DFS Selective Retailing Retailing
Sephora Retailing
La Samaritaine Retailing
Le Bon Marché Retailing 1998
Miami Cruiseline(Starboard Cruise Services] Retailing
Parfums Christian Dior Perfumes and cosmetics
Guerlain Perfumes and cosmetics
Parfums Givenchy Perfumes and cosmetics 1988
Kenzo Parfums Perfumes and cosmetics
Acqua di Parma Perfumes and cosmetics 2001, September
BeneFit Cosmetics Perfumes and cosmetics 1999
Fresh Perfumes and cosmetics 2000
Perfumes Loewe Perfumes and cosmetics 1996
Make Up For Ever Perfumes and cosmetics 1999
Labrosse et Dupont Perfumes and cosmetics
Connaissance des Arts Other activities
Groupe Les Echos Other activities
Radio Classique Other activities

External links

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