- Business
- LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMH) operates as the world's leading luxury goods group, specializing in high-quality products across six sectors including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities; its portfolio encompasses 75 prestigious Maisons such as Louis Vuitton, Christian Dior, Moët & Chandon, Hennessy, Tiffany & Co., Sephora, Fendi, Givenchy, Guerlain, Bulgari, TAG Heuer, Dom Pérignon, Veuve Clicquot, Belvedere vodka, Loro Piana, Celine, Loewe, Chaumet, and Hublot, offering wines, champagnes, spirits, and Provence rosés; fashion and leather goods including handbags, ready-to-wear, shoes, accessories, and iconic designs; fragrances, makeup, and skincare products; high-end watches, jewelry, and high jewelry collections; department stores, travel retail, and personalized luxury shopping experiences; as well as media, hospitality, and real estate ventures. Founded in 1987 through the merger of Louis Vuitton and Moët Hennessy and headquartered at 22 Avenue Montaigne in Paris's 8th arrondissement, France, the company conducts global operations with over 6,000 stores in more than 420 locations across Europe, the United States, Japan, China, the rest of Asia, and other regions, employing over 190,000 people and generating €84.7 billion in revenue in 2024. Recent developments include LVMH Luxury Ventures acquiring a minority stake in niche fragrance brand BDK Parfums to expand in the perfumes market; Louis Vuitton launching its new cosmetics segment La Beauté Louis Vuitton led by Dame Pat McGrath, alongside relaunched Takashi Murakami collections and sponsorship of the Formula 1 Australian Grand Prix with a custom trophy case; creative director changes such as Jonathan Anderson at Christian Dior, Michael Rider at Celine, Jack McCollough and Lazaro Hernandez at Loewe, Sarah Burton at Givenchy, and Maria Grazia Chiuri as Chief Creative Officer at Fendi with Silvia Venturini Fendi as Honorary President; a multi-year Formula One partnership from 2025 with TAG Heuer as timekeeper investing $150 million annually and Louis Vuitton sponsoring events; expanded Alibaba collaboration for China presence and plans for major new stores in Beijing and elsewhere amid recovering luxury demand; positioning as preferred buyer for up to 54.9% of Giorgio Armani following its founder's death; and resilient Q3 2025 revenue of €58.1 billion showing 1% organic growth despite challenges, with Sequential improvements in Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, and Selective Retailing.