LVMH

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