LVMH

LVMH Moët Hennessy Louis Vuitton is the world's leading luxury goods conglomerate, controlling around 60 subsidiaries that manage 75-81 prestigious brands across six business divisions: Fashion & Leather Goods, Wines & Spirits, Perfumes & Cosmetics, Watches & Jewelry, Selective Distribution, and Other Activities. Founded in 1987 through the merger of fashion house Louis Vuitton with spirits company Moët Hennessy, LVMH has grown under the leadership of Chairman and CEO Bernard Arnault into a €84.68 billion revenue powerhouse (2024) and one of the most valuable companies in Europe. The conglomerate's portfolio includes iconic brands such as Louis Vuitton, Christian Dior, Tiffany & Co., Bulgari, Fendi, Celine, Givenchy, TAG Heuer, Sephora, and Dom Pérignon.

Bernard Arnault's vision and acquisition strategy have been central to LVMH's dominance. After acquiring Christian Dior in 1984 and orchestrating the LVMH formation in 1987, Arnault gained control of the combined entity in 1989 and has since led aggressive expansion through strategic acquisitions of heritage brands. Major milestones include acquiring Fendi (2001), Bulgari (2011), and most notably Tiffany & Co. for $15.8 billion in 2021—the largest luxury acquisition in history. LVMH's Fashion & Leather Goods division, led by Louis Vuitton and Dior, generates 49% of revenue and 77% of profitability, making it the cornerstone of the group's success. Louis Vuitton alone is estimated to be worth $124.8 billion in brand value, consistently ranking as the world's most valuable luxury brand.

LVMH operates with a decentralized management model, granting significant autonomy to individual brands while providing shared resources in real estate, manufacturing, distribution, and corporate services. The company employs creative excellence, heritage preservation, vertical integration, and selective distribution as key competitive advantages. Recent strategic initiatives include the landmark 10-year partnership with Formula 1 (2024-2034), major role as creative partner for Olympic & Paralympic Games Paris 2024, and leadership succession planning with Bernard Arnault's five children holding significant positions across the group. With Tiffany's flagship store becoming the world's premier luxury destination in 2024, strategic acquisitions like minority stake in La Joux-Perret watchmaking (2025), and preference to acquire Giorgio Armani following his passing (2025), LVMH continues to strengthen its position as the undisputed leader of global luxury.