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LVMH

By Harry&Co

History and Corporate Structure

  • LVMH was formed in 1987 through the merger of Louis Vuitton and Moët Hennessy.
  • LVMH is a component of the Euro Stoxx 50 stock market index.
  • LVMH controls around 60 subsidiaries managing 75 prestigious brands.
  • The subsidiaries are managed independently under six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities.
  • LVMH owns Les Echos-Le Parisien Group, its media subsidiary.
  • LVMH is headquartered in Paris, France.
  • The company is listed on the Euronext Paris exchange and is a constituent of the CAC 40 index.
  • LVMH employed over 83,000 people as of 2009, with 30% working in France.
  • LVMH operated over 2,400 stores worldwide as of 2009.

Subsidiaries and Acquisitions

  • LVMH acquired the Italian jeweler Bulgari in 2011.
  • Subsidiaries include Louis Vuitton, Moët Hennessy, Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari.
  • LVMH acquired the Italian fashion brand Marco De Vincenzo in 2014.
  • LVMH acquired a majority stake in GXG in 2016.
  • LVMH announced a new partnership to develop the Stella McCartney House in 2019.
  • LVMH acquired a 55% stake in Château d'Esclans in 2019.

Valuation and Financials

  • In April 2023, LVMH became the first European company to surpass a valuation of $500 billion.
  • LVMH had a record sales of 42.6 billion euros in 2017, up 13% from the previous year.
  • The net profit increased by 29% in 2017.
  • As of late 2020, LVMH has the largest market capitalization in France and the Eurozone.
  • Bernard Arnault, the chairman and CEO of LVMH, has a personal net worth of $151.7 billion.

Philanthropy and Social Responsibility

  • LVMH is a major patron of art in France.
  • The group has supported exhibitions at le Grand Palais and Centre Georges Pompidou.
  • LVMH collaborates with contemporary artists in its flagship store in Paris.
  • The LVMH foundation created the Young Creators LVMH award for art students.
  • LVMH created the LVMH Young Fashion Designer Prize in 2013.
  • LVMH donated $11 million to help fight the 2019 Brazil wildfires.
  • During the COVID-19 crisis, the group shifted production to hand sanitizer.
  • LVMH donated hand sanitizer to hospitals in Paris.
  • The company donated €1 million to UNICEF for Ukrainian victims of the Russian invasion.
  • LVMH pledged €5 million to the Red Cross for those affected by the war.

Sponsorships and Investments

  • LVMH owns the wine estate Château d'Yquem.
  • LVMH owns Les Echos-Le Parisien Group, its media subsidiary.
  • LVMH lends Stradivarius violins to talented musicians.
  • The group supports music-related initiatives and events.
  • LVMH plans to sponsor the 2024 Olympic Games in Paris.
  • LVMH makes e-commerce push with Lyst investment.

LVMH Data Sources

Reference URL
Glossary https://harryandcojewellery.com.au/blogs/glossary/lvmh
Wikipedia http://en.wikipedia.org/wiki/LVMH
Wikidata https://www.wikidata.org/wiki/Q504998
Knowledge Graph https://www.google.com/search?kgmid=/m/03p3mc_