LVMH

'LVMH Moët Hennessy Louis Vuitton S.A.' (), usually shortened to 'LVMH', is a French holding company and 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.
De Beers LV: in 2001 De Beers launched a joint venture with LVMH in order to establish De Beers as a retail brand.

Contents

Corporate structure

Subsidiaries

External links

Corporate structure

LVMH is based in Paris, France, and is listed on Euronext Paris and is a constituent of the CAC 40 index. As of 2003, the group had a turnover of approximately 12 billion euros with a net income of 2 billion euros. The group currently employs 56,000 people. The company is headquartered in Paris, and 40% of the staff work in France. LVMH operates around 1,500 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 and 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:

★ Wines and spirits

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★ 10 Cane Rum

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★ Belvedere

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★ Cape Mentelle

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★ Chandon Estates

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★ Château d'Yquem

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★ Cloudy Bay

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★ Hennessy

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★ Krug

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★ Mercier

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★ Moët et Chandon (including Dom Pérignon)

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★ MountAdam

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★ Newton

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★ Ruinart

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★ Veuve Clicquot

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★ Glenmorangie

★ Watches and jewellery

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★ Chaumet

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★ Dior Watches

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★ Fred Joaillier

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★ OMAS

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★ TAG Heuer

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★ Zenith International S.A.


★ Fashion and leather goods

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★ Louis Vuitton

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★ Fendi

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★ Berluti

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★ Celine

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★ Donna Karan

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★ eLuxury

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★ Emilio Pucci

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★ Givenchy

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★ Kenzo

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★ Loewe

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★ Marc Jacobs

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★ StefanoBi

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★ Thomas Pink

★ Retailing

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★ DFS Selective Retailing[1]

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★ Sephora

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★ La Samaritaine

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★ Le Bon Marché

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★ Starboard Cruise Services


★ Perfume

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★ Parfums Christian Dior

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★ Guerlain

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★ Parfums Givenchy

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★ Kenzo Parfums

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★ Acqua di Parma

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★ BeneFit Cosmetics

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★ Fresh

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★ Perfumes Loewe

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★ Make Up For Ever

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★ Laflachère

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★ LVMH hold also a stake in Inter Parfums (20.5% stake)

★ Other activities

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★ Connaissance des Arts

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★ D. I. Group

External links

★ LVMH homepage