LVMH Moët Hennessy – Louis Vuitton SE , also known as LVMH, is a French multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France.
The company was formed in 1987 under the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and cognac producer Hennessy. 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.
Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault, majority shareholder of Dior, is Chairman and CEO of both companies. 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.
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.
LVMH is the largest market capitalization in France, and now in the Euro zone, with a record of $220 billion on January 17, 2020.
In November 2019, LVMH acquired Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. As of 2019, Tiffany operated 321 stores worldwide, with net sales of US $4.44 billion and net earnings of $586 million. Tiffany regions include the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates.
LVMH currently owns Givenchy, Kenzo, Guerlain, Marc Jacobs, Sephora, Tag Heuer, Fendi, DKNY, Hermès, Bulgari, Christian Dior.
According to en.wikipedia