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LVMH

LVMH

LVMH is a French multinational luxury goods conglomerate.

LVMH Moët Hennessy Louis Vuitton commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris.

The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).

In 2021 with a valuation of $329 billion, LVMH became the most valuable company in Europe. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, TAG Heuer and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.

Timeline

June 16, 2021
LVMH and Google Cloud announces a strategic partnership to accelerate innovation and develop new cloud-based artificial intelligence (AI) solutions.
January 2021
LVMH acquires Tiffany & Co. for $15.8B.
June 3, 2020
LVMH CEO Bernard Arnault says he is exploring ways to reopen negotiations oon the company's $16.2 billion acquisition of US jewellery chain Tiffany & Co.
March 15, 2020
LVMH announces plans on March 15 to produce as much as 12 metric tons (about 26,500 pounds) of hand sanitizer at its three French facilities.
2018
LVMH spent about $2.6 billion to take over Belmond, a luxury hotel chain.

Products

Acquisitions

Patents

Further Resources

Title
Author
Link
Type
Date

Bernard Arnault, Chairman and CEO of LVMH | The Brave Ones

Web

April 28, 2018

LVMH Les Journées Particulières | Full Documentary

Web

September 30, 2018

Merci patron! (2016) - IMDb

Web

February 24, 2016

News

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Title
Author
Date
Publisher
Description
Catherine Bennett
September 26, 2021
the Guardian
With its new 'house ambassador', the luxury jeweller is set fair to cash in
Livemint
August 5, 2021
mint
Arnault, one of the leading authorities in global fashion, runs LVMH Moët Hennessy Louis Vuitton and oversees 70 brands, including Louis Vuitton and Sephora
July 26, 2021
mint
LVMH said like-for-like sales, stripping out the effect of foreign exchange fluctuations, rose by 84% in the three months to June and stood at 14.7 billion euros ($17.36 billion), beating an analyst consensus forecast for 69% growth cited by UBS but in line with HSBC estimates
July 18, 2021
mint
The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica and Il Sole 24 Ore
Technavio
June 19, 2021
www.prnewswire.com:443
/PRNewswire/ -- The global rings market is poised to grow by USD 45.26 million during 2020-2024, progressing at a CAGR of almost 7% during the forecast period....
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References

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