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LVMH Moët Hennessy Louis Vuitton S.A. (Euronext: MC), usually shortened to LVMH, is a French holding company and the world's largest luxury goods conglomerate. It is the parent of around 50 sub-companies that each manage a small number of prestigious brands. more...
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Lolita Lempicka
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Mary Kay
Michael Kors
Mixed Brands
Moschino
Narcisco Rodriguez
Nicole Miller
Nina Ricci
Oscar de la Renta
Other Brands
Paloma Picasso
Paris Hilton
Paul Sebastian
Perry Ellis
Philosophy
Prada
Ralph Lauren
Revlon
Robert Piguet
Rochas
Salvador Dali
Salvatore Ferragamo
Sarah Jessica Parker Lovely
Shania by Stetson
Stella McCartney
Thierry Mugler
Tiffany
Tommy Hilfiger
Valentino
Van Cleef & Arpels
Vera Wang
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Yves Rocher
Yves St. Laurent
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The child companies are run, to a large extent, autonomously. The group was formed after mergers brought together champagne producer Moët et Chandon and Hennessy, a leading manufacturer of brandy. In 1987, they merged with fashion house Louis Vuitton to form the current group.
The group is partly owned by the Christian Dior group, and Bernard Arnault is Chairman and CEO of both companies. His successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate PPR) and Richemont have also created extended portfolios of luxury brands. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.
De Beers LV: in 2001 De Beers launched a joint venture with LVMH in order to establish De Beers as a retail brand.
Corporate structure
LVMH is based in Paris, France, and is listed on Euronext Paris and is a constituent of the CAC 40 index. As of 2003, the group had a turnover of approximately 12 billion euros with a net income of 2 billion euros. The group currently employs 56,000 people. The company is headquartered in Paris, and 40% of the staff work in France. LVMH operates around 1,500 stores worldwide. 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 products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities and in concessions in other luxury goods shops (such as Harrods in London). This practice contrasts greatly with less exclusive brands which can be bought in shopping malls around the world.
Subsidiaries
LVMH's brands include:
Wines and Spirits
10 Cane Rum;
Cape Mentelle;
Chandon Estates;
Château d'Yquem;
Cloudy Bay;
Hennessy;
Krug;
Mercier;
Moët et Chandon (including Dom Pérignon);
MountAdam;
Newton;
Ruinart;
Veuve Clicquot;
The Glenmorangie Company.;
;
Watches and Jewellery
Chaumet;
Dior Watches;
FRED;
OMAS;
TAG Heuer;
Zenith International S.A.;
(and license agreements with Zodiac Watches);
;
Fashion and leather goods
Berluti;
Celine;
Donna Karan;
eLUXURY;
Emilio Pucci;
Valentino;
Fendi;
Givenchy;
Kenzo;
Loewe;
Louis Vuitton;
Marc Jacobs;
StefanoBi;
Thomas Pink;
;
Retailing
DFS;
La Samaritaine;
Le Bon Marché;
Starboard Cruise Services;
Sephora;
;
Perfume
Acqua di Parma;
BeneFit Cosmetics;
Fresh;
Guerlain;
Kenzo Parfums;
Laflachère;
Valentino Fragrances;
Make Up For Ever;
Parfums Christian Dior;
Parfums Givenchy;
Perfumes Loewe;
Read more at Wikipedia.org
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