LVMH facts for kids

Quick facts for kids
LVMH Moët Hennessy Louis Vuitton

Headquarters in Paris
Trade name	LVMH
Type	Public (Societas Europaea)
Traded as	Euronext Paris: MC CAC 40 component
ISIN	ISIN: [https://isin.toolforge.org/?language=en&isin=FR0000121014 FR0000121014]
Industry	Luxury goods
Predecessors	Moët & Chandon Hennessy Louis Vuitton
Founded	3 June 1987; 38 years ago (1987-06-03)
Founders	Bernard Arnault Alain Chevalier Henry Racamier
Headquarters	Paris, France
Number of locations	6,097 stores (2023)
Area served	Worldwide
Key people	Bernard Arnault (Chairman & CEO) Antonio Belloni (Group Managing Director) Antoine Arnault (Director) Delphine Arnault (Director; Chairman & CEO, Christian Dior Couture)
Products	Clothing cosmetics fashion accessories jewelry perfumes spirits watches wines
Services	Department stores
Revenue	€86.15 billion (2023)
Operating income	€22.56 billion (2023)
Net income	€15.17 billion (2023)
Total assets	€143.7 billion (2023)
Total equity	€62.70 billion (2023)
Owner	Arnault Family (48.60% capital, 64.33% voting rights (2023))
Number of employees	213,000 (2023)
Subsidiaries	List of subsidiaries

LVMH Moët Hennessy Louis Vuitton, often called LVMH, is a huge French company. It's like a big family of many famous luxury brands. LVMH is based in Paris, France.

The company started in 1987. It was formed when the fashion brand Louis Vuitton joined with Moët Hennessy. Moët Hennessy was already a mix of a champagne maker, Moët & Chandon, and a cognac producer, Hennessy. In 2023, LVMH became the first European company worth over $500 billion!

LVMH manages about 75 luxury brands through 60 different companies. Besides Louis Vuitton and Moët Hennessy, they own brands like Tiffany & Co., Christian Dior, Fendi, Givenchy, Sephora, and TAG Heuer. Each brand often runs on its own, but they are all part of the LVMH family.

How LVMH Started

In the 1980s, a French investor named Bernard Arnault had a big idea. He wanted to create a group of luxury brands. He worked with Alain Chevalier and Henry Racamier to bring together different famous brands. This led to the creation of LVMH.

Their success inspired other companies to do the same. Now, other luxury groups like Kering and Richemont also own many luxury brands.

Key Moments in LVMH History

• In 1999, LVMH bought Make Up For Ever, a makeup brand.
• In 2011, LVMH bought a big part of the Italian jewelry company Bulgari for about $5.2 billion.
• By 2012, LVMH started LCapitalAsia to focus on growing in Asia.
• In 2014, LVMH partnered with the Italian fashion brand Marco De Vincenzo.
• In 2017, LVMH took full ownership of the Christian Dior fashion brand.
• In 2018, LVMH had record sales of 42.6 billion euros. This was a 13% increase from the year before.
• In 2019, LVMH launched a new fashion brand called Fenty with singer Rihanna. This was their first new fashion house in 32 years! Rihanna was also the first woman of color to lead a brand under LVMH.
• LVMH also bought a large share of Château d'Esclans, known for its Whispering Angel rosé wine.
• In late 2020, LVMH completed its purchase of Tiffany & Co. for almost $16 billion.
• In 2021, LVMH became the most valuable company in Europe. It was worth $329 billion.
• In 2022, LVMH bought a small part of the New York fashion label Aimé Leon Dore.
• Also in 2022, LVMH closed its stores in Russia due to the Russian invasion of Ukraine. They continued to pay their employees there.
• In April 2023, LVMH was the first European company to reach a $500 billion value.
• In November 2023, LVMH bought the eyewear brand Barton Perreira.

The LVMH Tower in Midtown Manhattan, with its bluish, gem-shaped, angulated glass facade

How LVMH is Organized

LVMH's main office is in Paris, France. The company's shares are traded on the Euronext Paris stock exchange. It is part of the CAC 40 index, which includes the 40 largest French companies.

In 2023, LVMH had 213,000 employees around the world. They operate over 6,000 stores globally.

Who Owns LVMH?

The Arnault Family Group is the main owner of LVMH. They control 48.60% of LVMH's shares and 64.33% of its voting rights. This means the Arnault family has a very strong say in how the company is run.

Bernard Arnault has been the chairman and CEO of LVMH since 1989.

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.
• They also own Radio Classique, a classical music radio station.
• LVMH has stakes in other media like Connaissance des Arts and Investir magazines.
• They co-founded VivaTech, a big event for startups and technology.

LVMH Brands and Companies

Here is a partial list of some of LVMH's well-known brands and companies:

Journées Particulières

Journées Particulières means "Particular Days." It's a special event that LVMH holds every two years. During this event, people can visit the workshops, studios, and famous buildings owned by LVMH brands for free!

The first event was in 2011. People waited in long lines to see places like Christian Dior's headquarters. It has grown to include over 70 locations across four continents. In 2017, 145,000 visitors attended.

LVMH's Good Deeds

LVMH supports many good causes, especially in arts and helping people.

Supporting the Arts

LVMH is a big supporter of art in France. They have helped fund many art exhibitions at famous museums.

• They supported shows for artists like Andy Warhol and Picasso.
• They also helped with exhibitions for Alberto Giacometti and Yves Klein.
• In 2005, LVMH started showing contemporary art in its flagship store in Paris.
• They created the "young creators LVMH award" for art students.
• In 2014, LVMH opened the Fondation Louis Vuitton. This is a special museum in Paris designed by Frank Gehry. It shows LVMH's art collections and hosts major art exhibitions.

Helping Fashion Designers

In 2013, LVMH started the LVMH Young Fashion Designer Prize. This award gives €300,000 and a year of guidance to a talented young fashion designer. Delphine Arnault came up with this idea.

• Thomas Tait won the first prize in 2014.
• In 2019, Thebe Magugu from South Africa became the first African designer to win.

LVMH also supports other fashion competitions and helps young designers.

Music and Charity

• The group lends valuable Stradivarius violins to talented young musicians.
• In 2019, LVMH donated $11 million to help fight the 2019 Brazil wildfires.
• During the COVID-19 pandemic, LVMH changed its perfume factories to make hand sanitizer. They gave 12 tons of it to hospitals in Paris for free.
• In 2022, LVMH pledged €5 million to the Red Cross to help people affected by the war in Ukraine.

Sponsoring the 2024 Olympic Games

LVMH is a main sponsor for the Paris 2024 Olympic and Paralympic Games.

• The Chaumet jewelry company, owned by LVMH, designed the medals.
• Berluti, another LVMH fashion house, will dress the French team.
• Moët Hennessy will provide drinks for the events.
• LVMH will also help a charity that gives access to sports for children in need.
• They will sponsor athletes like French swimmer Leon Marchand.
• Sephora will sponsor the Olympic torch relay.

Online Shopping

In 2018, LVMH invested in Lyst, an online fashion search company. This helps LVMH's luxury brands reach more people online, especially younger shoppers.

Financial Information

LVMH is a very successful company. Here are some of its financial numbers in millions of euros:

Sales by Region

LVMH sells its products all over the world. Here's where their sales came from in 2023:

See also

In Spanish: LVMH para niños

• Estée Lauder Companies
• Richemont
• Kering
• Luxottica