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LVMH Moët Hennessy • Louis Vuitton S.A. ( ), usually shortened to LVMH, is a Frenchmarker 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.

Financial data

Financial Data in euro millions
Year 2002 2003 2004 2005 2006 2007 2008
Sales 12 693 11 962 12 623 13 910 15 306 16 481 17 193
EBITDA 2 300 2 796 2 745 3 382 3 646 4 076 ?
Net Result share of the group 556 723 1 010 1 440 1 879 2 025 2 026
Net Debt 6 455 5 427 5 100 4 318 3 400 ? ?
:::::Source : OpesC


Corporate structure

LVMH is based in Parismarker, France. The company is listed on the Euronext Paris exchange and is a constituent of the CAC 40 index. As of 2008, the group had a turnover of 17,2 billion euros with a net income of 2,318 billion euros. The group currently employs 77,000 people. 30% of LVMH's staff work in France. LVMH operates over 2,300 stores worldwide. Its 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 or in concessions in other luxury goods shops (such as Harrodsmarker in London). This practice contrasts greatly with less exclusive brands which can be bought in shopping malls around the world.

Subsidiaries

LVMH's brands include:
Company Sector Acquisition Date
10 Cane Rum Wines and Spirits 2005
Belvedere vodka Wines and Spirits
Bodegas Chandon Wines and Spirits Launched 1959
Cape Mentelle Wines and Spirits 1990
Château la Tour du Pin Figeac Wines and Spirits 2009
Château d'Yquem Wines and Spirits 1999
Château Cheval Blanc Wines and Spirits 2009
Cheval des Andes Wines ans Spirits 2002
Chopin vodka Wines and spirits 2002
Cloudy Bay Vineyards Wines and Spirits 1990
Domaine Chandon Californiamarker Wines and Spirits Launched 1973
Domaine Chandon Australia Wines and Spirits Launched 1986
Hennessy Wines and Spirits
Krug Wines and Spirits 1999
Mercier Wines and Spirits 1970
Moët et Chandon (including Dom Pérignon) Wines and Spirits
Newton Wines and Spirits 2001
Ruinart Wines and Spirits 1963
Montaudon Wines and Spirits 2008
Terrazas de los Andes Wines and Spirits Launched 1999
Numanthia Wines and Spirits 2008
Veuve Clicquot Wines and Spirits 1988
Glenmorangiemarker (including Ardbegmarker) Wines and Spirits 2004
Wenjun Wines and Spirits 2007
Chaumet Watches and Jewelry 1999
Dior Watches Watches and Jewelry
Fred Joaillier Watches and Jewelry 1995
TAG Heuer Watches and Jewelry 1999
Zenith International S.A. Watches and Jewelry 1999
De Beers Diamond Jewellers (joint venture with De Beers) Watches and Jewelry 2001
Hublot Watches and Jewelry 2008
Louis Vuitton Fashion and Leather Goods
Fendi Fashion and Leather Goods 1999
Berluti Fashion and Leather Goods 1993
Celine Fashion and Leather Goods 1996
Thomas Pink Fashion and Leather Goods 1999
Donna Karan New York Fashion and Leather Goods 2001
eLuxury.com Fashion and Leather Goods 2000
EDUN Fashion and Leather Goods 2009
Emilio Pucci Fashion and Leather Goods 2000
Givenchy Fashion and Leather Goods 1993
Kenzo Fashion and Leather goods 1993
Loewe Fashion and Leather Goods 1996
Marc Jacobs Fashion and Leather Goods 1998
StefanoBi Fashion and Leather Goods 1996
DFS Selective Retailing 1996
Sephora Selective Retailing 1997
La Samaritainemarker Selective Retailing 2001
Le Bon Marchémarker Selective Retailing 1998
Miami Cruiseline Services Selective Retailing 2000
Parfums Christian Dior Perfumes and Cosmetics 1970
Guerlain Perfumes and Cosmetics 1994
Parfums Givenchy Perfumes and Cosmetics 1988
Kenzo Parfums Perfumes and Cosmetics 1996
Acqua di Parma Perfumes and Cosmetics 2001, September
BeneFit Cosmetics Perfumes and Cosmetics 1999
Fresh Perfumes and Cosmetics 2000
Perfumes Loewe Perfumes and Cosmetics 1996
Make Up For Ever Perfumes and Cosmetics 1999
Groupe Les Echos Other activities 2007


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