- Business
- LVMH Moët Hennessy - Louis Vuitton, Société Européenne (LVMH) operates as the world's leading luxury goods group, encompassing 75 prestigious brands across fashion and leather goods; wines and spirits; perfumes and cosmetics; watches and jewelry; selective retailing; and other activities including media, hospitality, and yachts. The company, founded in 1987 through the merger of Moët Hennessy and Louis Vuitton and headquartered at 22 Avenue Montaigne in Paris's 8th arrondissement, France, maintains a global presence with over 6,300 stores in more than 80 countries, serving high-end consumers through direct retail, e-commerce, and wholesale channels. Its fashion and leather goods portfolio features iconic houses such as Louis Vuitton, Christian Dior Couture, Fendi, Celine, Givenchy, Loewe, Loro Piana, Berluti, and Rimowa; wines and spirits include Moët & Chandon, Dom Pérignon, Veuve Clicquot, Hennessy, Krug, Belvedere Vodka, and Château d'Yquem; perfumes and cosmetics encompass Parfums Christian Dior, Guerlain, Givenchy Parfums, Sephora, Fenty Beauty by Rihanna, and Make Up For Ever; watches and jewelry brands comprise Tiffany & Co., Bulgari, TAG Heuer, Hublot, Zenith, and Chaumet; selective retailing operates DFS, Sephora, Le Bon Marché, La Samaritaine, and 24S; while other activities cover media outlets like Les Echos, Le Parisien, and Paris Match, plus Belmond hotels and Royal Van Lent yachts. In recent developments, LVMH's Luxury Ventures Fund acquired a minority stake in niche fragrance brand BDK Parfums to expand in the growing perfumery market; its watchmaking division purchased stakes in Swiss manufacturers La Joux-Perret and Swiza (owner of L'Epée 1839) to bolster high-end horology; and following Giorgio Armani's death in September 2025, LVMH secured preferred buyer status for an initial 15% stake in the fashion house, with options to increase up to 54.9% over subsequent years. The group reported €84.7 billion in revenue for 2024 amid a challenging economic environment, with ongoing strategic investments in e-commerce, sustainability, and experiential luxury such as partnerships for Formula One timing via TAG Heuer and Louis Vuitton starting 2025.