LVMH

LVMH Moët Hennessy Louis Vuitton, sometimes known as LVMH, is a French multinational company and corporation that specializes in luxury goods. The company was created in 1987 by the union of fashion brand Louis Vuitton (founded in 1854) and cognac producer Mot Hennessy (founded in 1765), which had previously merged in 1971 to form champagne producer Mot & Chandon. LVMH was valued at $329 billion in 2021, making it the most valuable corporation in Europe.

LVMH is the world's third largest watch group (after Swatch and Richemont), and it owns a number of sought-after luxury brands. LVMH owns over 60 companies that manage 75 well-known brands. To name a few, Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari. The businesses are typically governed autonomously under the umbrellas of six sections: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities.

According to estimates, LVMH will generate 79.2 billion euros in sales in 2022 across its 5,600 locations worldwide. Wines and spirits, clothing and leather goods, perfume and cosmetics, timepieces and jewelry, and selective distribution are all part of these markets. Quality is essential to LVMH's success. All 75 Maisons that make up the Group are committed to not just maintaining but also enhancing their already impeccable reputation for quality year after year. Since its inception, LVMH has prioritized being forthright and ethical in all interactions with its business partners, workers, and other stakeholders.

Founded: 1987
Headquarters: Paris, France
Website: https://www.lvmh.com/