LVMH Moët Hennessy • Louis Vuitton S.A.(Euronext: MC), usually shortened to LVMH, is a French holding company and one of the world's largest luxury goods conglomerates. 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. (중략/abbr.)
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| Type | Société Anonyme(Euronext: MC) |
|---|---|
| Founded | 1987 |
| Headquarters | Paris, France |
| Key people | Bernard Arnault(Chairman of the boardand CEO) |
| Industry | Luxury goods |
| Products | Clothing and accessories, winesand spirits,cosmetics, jewelleryand watches |
| Services | Department stores |
| Revenue | €17.19 billion(2008)[1] |
| Operating income | ▲ €3.485 billion(2008)[1] |
| Profit | ▲ €2.026 billion(2008)[1] |
| Employees | 77,090 (2008)[1] |
| Website | www.lvmh.com |
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