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Bernard Arnault
Bernard Arnault
(CEO) Antonio Belloni, Managing director

Products Clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches, wines

Services Department stores

Revenue € 42.636 billion (2017)[1]

Operating income

€ 8.113 billion (2017)[1]

Net income

€ 5.616 billion (2017)[1]

Total assets € 68.550 billion (2017)[1]

Total equity € 30.260 billion (2017)[1]

Owner Christian Dior
Dior
SE via Financière Jean Goujon

Number of employees

120,000 (2015)[2]

Subsidiaries List of subsidiaries

Website LVMH.com

LVMH
LVMH
Moët Hennessy
Hennessy
Louis Vuitton
Louis Vuitton
SE, better known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moet Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer.[3][4][5] It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently. The oldest of the LVMH
LVMH
brands is wine producer Château d'Yquem, which dates its origins back to 1593.[6] Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights.[7] Bernard Arnault, majority shareholder of Dior, is Chairman and CEO of both companies .[8] In 2017, Arnault purchased all the remaining Christian Dior
Dior
shares in a reported $13.1 billion buy out. The Dapifer reports that LVMH
LVMH
will gain ownership of Christian Dior
Dior
haute couture, leather, both men’s and women’s ready-to-wear, and footwear lines.[9] Arnault's successful integration of various famous aspirational brands into a single group has inspired other luxury companies into doing the same. Thus, the French conglomerate Kering
Kering
(formerly named PPR) and the Swiss-based Richemont
Richemont
have also created extended portfolios of luxury brands. The company is a component of the Euro
Euro
Stoxx 50 stock market index.[10]

Contents

1 Corporate structure

1.1 Shareholders 1.2 Subsidiaries

2 Patronage 3 Financial data 4 References 5 External links

Corporate structure[edit] LVMH
LVMH
is headquartered in the 8th arrondissement, Paris, France.[3] The company is listed on the Euronext
Euronext
Paris
Paris
exchange,[11] and is a constituent of the CAC 40
CAC 40
index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[12] By 29 February 2016 the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. In 2013, with revenue of $21,7 billion, LVMH
LVMH
is ranked first luxury goods company in Deloitte's "Global Powers of Luxury Goods" report.[13] The group currently employs more than 83,000 people.[12] Thirty percent of LVMH's staff work in France. LVMH
LVMH
operates over 2,400 stores worldwide.[14] 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
Louis Vuitton
products are sold only through Louis Vuitton
Louis Vuitton
boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods
Harrods
in London). Shareholders[edit] At the end of 2017, the only declared major shareholder in LVMH
LVMH
was Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. [15] LVMH
LVMH
holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo.[16] In January 2018, LVMH
LVMH
announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%.[citation needed] Subsidiaries[edit] A partial list including some of LVMH's best-known brands and subsidiaries:[14][17] Christian Dior
Dior
SE

Wines and Spirits

Ardbeg Belvedere Bodega Numanthia Cape Mentelle Chandon Château Cheval Blanc Château d'Yquem Cloudy Bay Dom Pérignon Glenmorangie Hennessy Krug Mercier Moët & Chandon Newton Vineyard Ruinart Terrazas de los Andes Veuve Clicquot Wenjun

Specialist Retailing

DFS Le Bon Marché Le Grande Epicerie Sephora Starboard Cruise Services

Other Activities

Cheval Blanc (hotels) Pasticceria Cova Feadship Les Echos

Fashion & Leather Goods

Berluti Céline Dior EDUN Emilio Pucci Fendi Givenchy Kenzo Loewe Loro Piana Louis Vuitton Marc Jacobs Moynat Nicholas Kirkwood Rimowa Thomas Pink

Watches & Jewelry

Bulgari Chaumet FRED Hublot TAG Heuer Zenith

Perfumes & Cosmetics

Acqua di Parma Benefit Cosmetics Fresh Givenchy
Givenchy
Parfums Guerlain Kenzo Parfums Make Up For Ever Parfums Christian Dior Perfumes Loewe Maison Francis Kurkdjian

Conglomerates Owned - Christian Dior

Make Up For Ever
Make Up For Ever
was established in 1984.[18] and was acquired by LVMH in 1999.[19] On 7 March 2011, LVMH
LVMH
announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari
Bulgari
and the intention to make a tender offer for the rest, which was publicly owned.[20] The transaction was about $5.2 billion.[21] In 2011, LVMH
LVMH
invested $640 million in establishing LCapitalAsia.[22] On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of LVMH’s private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. in Beijing.[22] In 2011, LVMH
LVMH
invested $640 million in establishing LCapitalAsia.[22] LVMH
LVMH
sales "decreased by about 10 percent from in 2011" in China, and LVMH
LVMH
stopped "opening stores in second and third-tier cities in mainland China".[22] Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of the market is to take advantage of more acceptable prices.[22] In February 2014, LVMH
LVMH
entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm.[23][24] Patronage[edit] LVMH
LVMH
is a major patron of art in France. The group supported about ten exhibitions as "Le grand monde d’Andy Warhol"[25] and "Picasso et les maîtres"[26] at le Grand Palais
Grand Palais
in Paris. LVMH
LVMH
also endorsed the patronage of "l’atelier d’Alberto Giacometti" and "Yves Klein" at Centre Georges Pompidou. Since 2005, when the LVMH
LVMH
flagship store opened in Paris
Paris
at 3, avenue George V, 75008, the company presented close collaboration with contemporary artists.[27] Features included a light sculpture by American James Turrell, a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's Olafur Eliasson.[28] In 2006, gallery space was inaugurated on the second floor of the same building and named "Espace Culturel".[29] "Icônes" was one of the first exhibitions.[30] Shigeru Ban, Sylvie Fleury, Zaha Hadid, Bruno Peinado, Andrée Putman, Ugo Rondinone, James Turrell, Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton
Louis Vuitton
to participate in it. In addition, LVMH
LVMH
foundation created the "young creators LVMH
LVMH
award", an international competition opened to French and international beaux-arts students.[31] Each year, six grants are allocated to the winners. In November 2013, LVMH
LVMH
created the LVMH
LVMH
Young Fashion Designer Prize, which comes with a €300,000 grant with a year of mentoring and is the brainchild of Delphine Arnault.[32] The first winner will be chosen in 2014.[32] In February 2014 20 finalist for the prize were shown in London, such as Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida, J JS Lee, and others.[33] In May 2015 Marques'Almeida was announced as the second winner.[34] LVMH
LVMH
underwrites other fashion competitions, including the Andam prize in France, the International Festival of Fashion and Photography in Hyères, France, an investment fund for young designers created by the French Ministry of Culture and Communication, and a scholarship program and sponsored lecture theater at Central Saint Martins in London.[32] The group also lends Stradivarius violins to young talented musicians. Maxim Vengerov and Laurent Korcia have used the instruments. In 2014, LVMH
LVMH
opened th38. "Luxury Goods Titan Arnault Now Richer than Zuckerberg after record LVMH
LVMH
results"Forbes. Retrieved 26 Jan 2018e Fondation Louis Vuitton
Louis Vuitton
pour la Creation in a new building designed by Frank Gerry in the Bois de Boulogne in Paris. The Fondation is designed the Group’s own museum to present its collections and organize majors world-class arts exhibitions. Financial data[edit]

Financial data (in million euros) 2006[35] 2007[35] 2008[35] 2009[35] 2010[12] 2011 2012 2013 2014 [36] 2015 [2] 2016 [37] 2017 [1]

Sales 15,306 16,481 17,193 17,053 20,320 23,659 28,103 29,016 30,638 35,664 37,600 42,636

Net profit (before minority interests) 2,160 2,331 2,318 1,973 3,032 3,065 3,909 3,947 6,105 4,001 4,363 5,616

Total equity 11,594 12,528 13,887 14,785 18,204 23,512 25,666 27,907 23,003 25,799 27,903 30,260

References[edit]

^ a b c d e f "Annual Report 2017" (PDF). LVMH.com. Retrieved 29 January 2018.  ^ a b "Annual Report 2015" (PDF). LVMH.com. Retrieved 5 January 2018.  ^ a b " LVMH
LVMH
Moët Hennessy
Hennessy
Louis Vuitton
Louis Vuitton
SA – Company History". Funding Universe. Retrieved 30 June 2011.  ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer – LVMH
LVMH
to take controlling stake in Bulgari". FT.com. Retrieved 30 June 2011.  ^ " LVMH
LVMH
group, Moet Hennessy
Hennessy
Louis Vuitton: world leader in luxury, listed on CAC 40
CAC 40
index". LVMH.com. Archived from the original on 7 June 2011. Retrieved 30 June 2011.  ^ The Beginnings of Château d'Yquem
Château d'Yquem
Château d'Yquem
Château d'Yquem
Retrieved 29 January 2010 ^ "Organizational chart as of April 30, 2013". Dior. Archived from the original on 17 December 2013. Retrieved 12 April 2016.  ^ "25. Bernard Arnault". CNN. Retrieved 11 May 2010.  ^ " LVMH
LVMH
Subsidiaries, Brands and the $13 Billion Christian Dior
Dior
Buy Out - The Dapifer". THE DAPIFER. 2017-04-25. Retrieved 2017-06-10.  ^ Frankfurt Stock Exchange ^ "LVMH". European Equitites. Archived from the original on 30 January 2013. Retrieved 12 December 2012.  ^ a b c "Annual Report 2010" (PDF). LVMH.com. Retrieved 4 February 2012. [permanent dead link] ^ Deloitte
Deloitte
Global Powers of Luxury Goods 2014 report Archived 17 June 2015 at the Wayback Machine. ^ a b LVMH
LVMH
First half 2009 interim report Archived 24 August 2009 at the Wayback Machine. LVMH
LVMH
Retrieved 29 January 2010 ^ " LVMH
LVMH
– Financial Report 2017" (PDF). LVMH. p. 4. Retrieved 30 March 2018. . ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). " LVMH
LVMH
denies being in Mot sale talks with Diageo". The Times. London.  ^ Financial Documents LVMH
LVMH
2012 Archived 28 February 2013 at the Wayback Machine. ^ Wellington, Elizabeth (2013-08-01). "Mirror, Mirror: Joy! Make Up For Ever comes to King of Prussia". philly.com. Retrieved 2013-12-03.  ^ "Dany Sanz, pionnière du make-up". elle.fr. Retrieved 2013-12-03.  ^ Roberts, Andrew (7 March 2011). " LVMH
LVMH
Plans to Buy Bulgari
Bulgari
for $5.2 Billion After Acquiring Majority Stake". Bloomberg. Retrieved 24 October 2011.  ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). " LVMH
LVMH
bags jeweller Bulgari
Bulgari
in $5.2 billion deal". Reuters. Retrieved 24 October 2011.  ^ a b c d e Kang, Xiaoxiao (7 March 2013). "LVHM investing in Chinese mid-priced clothing market". Morning Whistle. Retrieved 2013-05-10.  ^ Astrid Wendlandt (24 February 2014). " LVMH
LVMH
invests in Italian brand Marco de Vincenzo". Reuters.  ^ Socha, Miles (24 February 2014). " LVMH
LVMH
Takes Stake in Marco de Vincenzo". WWD. Retrieved 24 February 2014.  ^ Présentation de l’expo Warhol Rmn.fr ^ LVMH, mécène de l’exposition Archived 21 July 2009 at the Wayback Machine. Rmn.fr ^ "Exclusively for the Champs-Elysees".  ^ "BlouinARTINFO".  ^ "Espace Culturel".  ^ " Louis Vuitton
Louis Vuitton
s'est associé à neuf créateurs".  ^ Prix LVMH
LVMH
des jeunes créateurs Archived 6 April 2016 at the Wayback Machine. Artefact Paris ^ a b c Miles Socha (21 November 2013). " LVMH
LVMH
to Establish Global Fashion Prize". WWM. Retrieved 21 November 2013.  ^ Socha, Miles (13 February 2014). " Delphine Arnault Unveils LVMH Prize Finalists". WWD. Retrieved 13 February 2014.  ^ Friedman, Vanessa (22 May 2015). " Marques'Almeida Wins 2015 LVMH Prize". The New York Times. Retrieved 24 May 2015.  ^ a b c d "A solid performance in a contrasting economic environment" (PDF). LVMH. Archived from the original (PDF) on 2 March 2012. Retrieved 12 December 2012.  ^ "Annual Report 2014" (PDF). LVMH.com. Retrieved 5 January 2018.  ^ "Annual Report 2016" (PDF). LVMH.com. Retrieved 5 January 2018. 

External links[edit]

Wikimedia Commons has media related to Moët Hennessy
Hennessy
Louis Vuitton.

Official website

Companies portal Paris
Paris
portal

v t e

LVMH

Board of directors

Albert Frère Antoine Arnault Bernadette Chirac Bernard Arnault Charles Powell Charles de Croisset Delphine Arnault Diego Della Valle Felix Rohatyn Gilles Hennessy Hubert Védrine Yves-Thibault de Silguy

Fashion and leather goods

Berluti Céline Donna Karan International eLuxury Emilio Pucci Fendi Givenchy Kenzo Loewe Louis Vuitton Marc Jacobs StefanoBi Thomas Pink

Perfumes and cosmetics

Acqua di Parma Benefit Cosmetics Fresh Guerlain Kenzo Parfums Labrosse et Dupont Make Up For Ever Parfums Christian Dior Parfums Givenchy Perfumes Loewe

Retailing

Le Bon Marché DFS Galleria Sephora Miami Cruiseline (Starboard Cruise Services)

Watches and jewellery

Bulgari Chaumet Dior
Dior
Watches Fred Joaillier Hublot TAG Heuer Zenith

Wines and spirits

10 Cane Rum Ardbeg
Ardbeg
distillery Belvedere Cape Mentelle Vineyards Château Cheval Blanc Dom Pérignon Domaine Chandon
Domaine Chandon
California Château d'Yquem Cloudy Bay Vineyards Hennessy Champagne Krug Champagne Mercier Moët et Chandon Newton Vineyard Ruinart Veuve Clicquot Glenmorangie
Glenmorangie
(66%) Wenjun

Other

Cheval Blanc

St Barths

Connaissance des Arts Cova Investir Jardin d'Acclimatation La Samaritaine Le Parisien Les Échos Radio Classique Royal Van Lent

v t e

Euro
Euro
Stoxx 50 companies of the Euro
Euro
Area

Last updated October 2015

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