Louis Vuitton Moet Hennessy

From Wikicompany

Louis Vuitton Moet Hennessy SA (usually shortened to LVMH) (Euronext: LVMH) is the world's largest luxury goods company.

LVHM is the parent of around 50 subsidiaries, that each manage a small number of prestigious brands. These subsidiaries are, to a large extent, run autonomously.

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 brands into the group has inspired other luxury companies into doing the same. Thus Gucci group (now part of the French conglomerate Pinault Printemps Redoute (PPR), Prada or Compagnie Richemont have also created extended portfolios of luxury brands.

LVMH operates around 1,500 stores worldwide, and employs about 56,000 people, with 40% of the staff working in France.

The 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, such as Tommy Hilfiger, which can be bought in shopping malls around the world.

Brands

LVMH's brands include:

Wines and Spirits

• Moët et Chandon (including Dom Pérignon)
• Veuve Clicquot
• Krug
• Mercier
• Ruinart
• Château d'Yquem
• Chandon Estates
• Hennessy
• Cloudy Bay
• Cape Mentelle
• Newton
• MountAdam

Watches and Jewellery

• TAG Heuer
• Zenith International S.A.
• Dior Watches
• FRED
• Chaumet
• OMAS

Fashion and leather goods

• Louis Vuitton
• Loewe
• Celine
• Berluti
• Kenzo
• Christian Lacroix
• Givenchy
• Marc Jacobs
• Fendi
• StefanoBi
• Emilio Pucci
• Thomas Pink
• Donna Karan
• eLUXURY

Retailing

• DFS
• Miami Cruiseline Services
• Sephora
• Le Bon Marché
• La Samaritaine

Perfume

• Parfums Christian Dior
• Guerlain
• Parfums Givenchy
• Kenzo Parfums
• Laflachère
• BeneFit Cosmetics
• Fresh
• Make Up For Ever
• Acqua di Parma
• Perfumes Loewe

History

The LVMH group was formed after mergers brought together champagne producer Moët et Chandon and Hennessy, a leading manufacturer of brandy. In 1987, they merged with baggage manufacturer Louis Vuitton to form the current group. Collectively, the group operates around 50 brands.

The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its orgins back to 1593.

As of 2003, the LVMH group had a turnover of approximately 12bn euros with a net income of 2bn euros.

Relations to other articles — Click (+) to find similar articles.
Louis Vuitton Moet Hennessy  has parent  Christian Dior Group (+)
Louis Vuitton Moet Hennessy  has subsidiary  Pinault Printemps Redoute (+), Prada (+), and Compagnie Richemont (+)
Louis Vuitton Moet Hennessy  company  (+)
Louis Vuitton Moet Hennessy  stock at  (+)
Louis Vuitton Moet Hennessy  in sector  (+), (+), (+), and (+)
Louis Vuitton Moet Hennessy  in region  (+), (+), and (+)

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Attributes of Louis Vuitton Moet Hennessy — Click (+) to find similar articles.
of type: retail (+), and manufacturing (+)
fuonding year: Value could not be parsed: no type defined for attribute. (+)

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