LVMH

LVMH was founded in 1987 after a merger between 2 companies Moet Hennessy and Louis Vuitton. LVMH’s headquarters is located in France and the company specialises in luxury sectors which involve:

• Wines & Spirits

• Perfumes & Cosmetics

• Fashion & Leather Goods

• Watches & Jewelry

• Selective Retailing

• Other Activities

LVMH employs 106000 persons and achieved a global sales of € 53.7 billion in 2019, showcasing a growth of 15% compared to 2018. The company owns over 60 subsidiaries. In 2013, LVMH was ranked first in Deloitte’s report “Global Powers of Luxury Goods.”

Concerning the Wines & Spirits section, LVMH owns 26 wine houses in different parts of the world and generated sales of € 5143 million in 2018. The brands available include Ruinart, Moet & Chandon, Hennessy, Mercier, Krug, Veuve Clicquot and many more.

LVMH also owns 13 Perfumes & Cosmetics houses and made sales of €6.10 million in 2018. 35% of these sales were made from the sale of Perfumes only. The brands available include Benefit Cosmetics, Guerlain, Kenzo Perfumes, Maison Francis Kurkdjian, Marc Jacobs Beauty and Fresh.

As for the Fashion & Leather Goods, the company owns 17 fashion houses and has opened 1852 stores across the world which achieved sales of €18455 million  in 2018. The brands include Berluti, Rimowa, Patou, Fendi, Celine, Dior and Givenchy.

Concerning Watches & Jewelry, LVMH owns 6 houses and so far has opened 428 stores in the world which made sales of € 4143 million. LVMH works with brands such as Chaumet, Tag Heuer, Zenith, Bvlgari, Fred and Hublot.

LVMH also owns 5 selective retailing houses which have an exclusive concept and have set up 1940 stores throughout the globe and realised sales of € 13.6 million.

The group is also involved in other activities in arts and culture. Some of them include

• Le Parisien, a popular newspaper which has almost 18 million readers
• Connaissance des Arts, a magazine about photography, design and architecture
• Investir, a weekly newspaper that focuses on news about the finance sector
• Radio Classique which demarks itself through its relaxing shows and music. Radio Classique has 1,2 million regular listeners.
• La Samaritaine, a luxury department store in Paris which is also regarded as an architectural monument. 

In 2018, LVMH invested around € 53 million in Lyst, an online search platform that specialises in fashion. This investment marks LVMH’s move to enter the e-commerce market. 

LVMH also set up the LVMH Prize in 2013 which helps in supporting emerging young designers and also organises the LVMH Innovation Award every year. Furthermore, the company has recently been acclaimed for its fight against counterfeiting

UPDATES ON LVMH ON 27/03/2020

LVMH Group's revenue has grown by 15% in 2019. 

The business is also thinking of taking over Tiffany & Co

In 2020, the company has decided to produce hand sanitisers due to the covid 19 crisis.