LVMH
 |
| File:LVMH.svg | |
| Company type | Société Anonyme (S.A.) |
|---|---|
| Industry | Luxury goods |
| Founded | 1987 |
| Headquarters |  Paris, France |
Key people | Bernard Arnault (Chairman & CEO) |
| Revenue | $25.87 billion US (2007) |
22,560,000,000 Euro (2023)  | |
| 15,174,000,000 Euro (2023) | |
Number of employees | 71,885 (2007) |
| Website | http://www.lvmh.com/ |
LVMH Moët Hennessy • Louis Vuitton S.A. (Euronext: MC), 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
| 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.
Subsidiaries
LVMH's brands include:
| Company | Sector | Acquisition Date | |||
|---|---|---|---|---|---|
| 10 Cane Rum | Wines and spirits | ||||
| Belvedere (vodka) | Wines and spirits | [[Chopin (Vodka) | 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
