LVMH facts for kids
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Headquarters in Paris, France
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Trade name
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LVMH |
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Formerly
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LVMH Moët Hennessy Louis Vuitton SA (1987–2015) |
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| ISIN | ISIN: [https://isin.toolforge.org/?language=en&isin=FR0000121014 FR0000121014] |
| Industry | Luxury goods |
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| Founded | 3 June 1987 |
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| Headquarters | 22 Avenue Montaigne Paris, France |
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Number of locations
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 6,307 stores (2024) |
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Area served
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Worldwide |
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Key people
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Bernard Arnault (chairman and CEO) Stéphane Bianchi (Group Managing Director) Antoine Arnault (Director; CEO of Christian Dior SE) Delphine Arnault (Director; CEO of Christian Dior Couture) |
| Products | |
| Services | Department stores |
| Revenue |  €84.7 billion (2024) |
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Operating income
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€18.9 billion (2024) |
| €12.6 billion (2024) |
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| Total assets | €149.2 billion (2024) |
| Total equity | €69.3 billion (2024) |
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Number of employees
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215,000 (2024) |
| Subsidiaries | List of subsidiaries |
| Footnotes / references Financials as of December 31, 2024[update]. References: |
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LVMH Moët Hennessy Louis Vuitton SE is a huge French company that owns many famous luxury brands. It is based in Paris, France. The company was created in 1987 when a fashion house called Louis Vuitton joined with Moët Hennessy. Moët Hennessy itself was formed earlier by a champagne maker (Moët & Chandon) and a cognac producer (Hennessy).
LVMH is one of the biggest luxury groups in the world. It controls about 60 smaller companies that manage 75 luxury brands. Some of these well-known brands include Christian Dior Couture, Givenchy, Fendi, Tiffany, Bulgari, and Sephora. These smaller companies often work on their own, but they are part of LVMH's six main groups: Fashion, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Special Stores, and Other Activities. Bernard Arnault is the chairman and CEO of LVMH, and he is one of the richest people globally.
Contents
How LVMH Started and Grew
LVMH was formed in 1987 when Moët Hennessy and Louis Vuitton merged. The leaders of these companies, Alain Chevalier and Henry Racamier, had different ideas for the new company. Bernard Arnault then invested in LVMH and quickly took control.
Over the years, LVMH has bought many other well-known brands. For example, it acquired the Italian jewelry company Bulgari in 2011. In 2014, LVMH also partnered with the Italian fashion brand Marco De Vincenzo.
In 2017, LVMH took full ownership of Christian Dior's fashion lines, bringing the entire Dior brand under its control. The company continued to grow, reporting record sales in 2017.
In 2019, LVMH launched a new fashion house called Fenty with singer Rihanna. This was the first new fashion house LVMH had started in 32 years, and Rihanna was the first woman of color to lead a brand under LVMH. The company also bought a majority share in Château d'Esclans, known for its Whispering Angel rosé wine.
LVMH also planned to buy Tiffany & Co. for about $16.2 billion in 2019. There were some disagreements about the deal during the COVID-19 pandemic, but they eventually agreed to a slightly lower price. The purchase of Tiffany was completed in January 2021. By 2021, LVMH became the most valuable company in Europe.
In 2022, LVMH bought a small part of the New York fashion label Aimé Leon Dore. In March 2022, LVMH closed its more than 120 stores in Russia due to global events, but it continued to pay its employees there. In November 2022, LVMH acquired the jewelry maker Pedemonte Group.
By April 2023, LVMH became the first European company to be worth over $500 billion. In November 2023, LVMH bought the eyewear brand Barton Perreira. In June 2024, LVMH acquired Swiza, which owns L'Epée 1839, a Swiss company known for making fancy clocks.
How LVMH is Organized
LVMH's main office is in Paris, France. The company uses special technology called blockchain to prove that its luxury goods are real. This helps to stop fake products from being sold.
In 2009, LVMH had more than 83,000 employees, with 30% of them working in France. The company operated over 2,400 stores around the world. By 2024, the number of employees grew to 215,000, and it had 6,307 stores.
Who Owns LVMH
The Arnault family group, led by Bernard Arnault, is the main owner of LVMH. They control a large part of the company's shares and voting rights. This means they have a big say in how LVMH is run.
Important Leaders
Bernard Arnault has been the chairman and CEO of LVMH since January 1989. In 2024, Stéphane Bianchi was appointed as LVMH Group Managing Director. He is in charge of the company's different brands and also oversees its digital and data changes.
LVMH and Media
LVMH also owns several media companies. In 2007, Bernard Arnault bought Les Echos, a leading financial newspaper in France.
In 2015, LVMH bought the newspapers Le Parisien and Aujourd’hui en France. The company also owns Radio Classique, Connaissance des Arts, and Investir. In October 2024, LVMH purchased the French weekly magazine Paris Match.
Brands and Companies LVMH Owns
Here is a list of some of the well-known brands and companies that are part of LVMH:
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Online Shopping
LVMH has also invested in online fashion. In 2018, it invested in Lyst, an online fashion search company, to help its luxury brands reach more young shoppers online. In May 2024, LVMH announced it would work more closely with Alibaba to grow its presence in China.
Helping Others and Sponsoring Events
Supporting Arts
LVMH is a big supporter of art in France. The company has helped fund many art exhibitions at famous places like the Grand Palais and Centre Georges Pompidou in Paris.
In 2014, LVMH opened the Fondation Louis Vuitton, a special museum designed by Frank Gehry in Paris. This museum shows LVMH's art collections and hosts major art exhibitions.
Fashion Awards
In 2013, LVMH started the LVMH Young Fashion Designer Prize. This award gives €300,000 and a year of guidance to talented young fashion designers. Many designers have won this prize, including Thebe Magugu from South Africa in 2019, who was the first African to win.
Music
LVMH also helps young, talented musicians by lending them valuable Stradivarius violins.
Helping People
LVMH has made donations to help with various causes. In 2019, Bernard Arnault announced that LVMH would donate $11 million to help fight the 2019 Brazil wildfires. During the COVID-19 pandemic, the group changed its perfume and spirits factories to make hand sanitizer, which they gave to hospitals in Paris for free.
In 2022, Louis Vuitton donated €1 million to UNICEF to help people affected by the conflict in Ukraine. The LVMH Group also pledged €5 million to the Red Cross for those affected by the war.
Sports
LVMH was a main sponsor for the Paris 2024 Olympic and Paralympic Games. The company spent €150 million on this partnership. Chaumet, one of LVMH's jewelry companies, designed the Olympic medals. Berluti, a fashion house owned by LVMH, dressed the French team. Also, Moët Hennessy provided its products for the events. LVMH also helped a charity that makes sports more accessible for children in need. They sponsored athletes like French swimmer Leon Marchand, and their beauty store Sephora sponsored the Olympic torch relay.
LVMH is also returning to Formula One racing in 2025. TAG Heuer, one of its watch brands, will be the timekeeper for Formula One again. Louis Vuitton will sponsor the Australian Grand Prix starting in 2025.
Special Open Days
Since 2011, LVMH has held an event called Journées Particulières (Particular Days) every two years. During this event, people can visit the workshops, studios, and historic buildings of LVMH's brands for free. It's a chance to see how luxury products are made. In 2017, 145,000 people visited these special locations.
See also
In Spanish: LVMH para niños
- Kering
- Luxottica
- Richemont
- The Estée Lauder Companies
