LVMH Moët Hennessy Louis Vuitton (), commonly known as LVMH, is a French holding

multinational corporation A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, i ...

and conglomerate specializing in luxury goods, headquartered in

Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), ma ...

. The company was formed in 1987 through the merger of

fashion house Fashion design is the art of applying design, aesthetics, clothing construction and natural beauty to clothing and its accessories. It is influenced by culture and different trends, and has varied over time and place. "A fashion designer create ...

Louis Vuitton Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end luxury fashion house and company founded in 1854 by Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather ...

(founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the

champagne Champagne (, ) is a sparkling wine originated and produced in the Champagne wine region of France under the rules of the appellation, that demand specific vineyard practices, sourcing of grapes exclusively from designated places within it, ...

producer

Moët & Chandon Moët & Chandon (), also known simply as Moët, is a French fine winery and co-owner of the luxury goods company LVMH Moët Hennessy Louis Vuitton SE. Moët et Chandon is one of the world's largest champagne producers and a prominent champa ...

(founded in 1743) and the

cognac Cognac ( , also , ) is a variety of brandy named after the commune of Cognac, France. It is produced in the surrounding wine-growing region in the departments of Charente and Charente-Maritime. Cognac production falls under French appella ...

producer

Hennessy Jas Hennessy & Co., commonly known simply as Hennessy (), is a French producer of cognac, which has its headquarters in Cognac, France. It is one of the "big four" cognac houses, along with Martell, Courvoisier, and Rémy Martin, who together ma ...

(founded in 1765). In 2021, with a valuation of $329 billion, LVMH became the most valuable company in Europe. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Tiffany & Co., Christian Dior,

Fendi Fendi () is an Italian high-end luxury fashion house producing fur, ready-to-wear, leather goods, shoes, fragrances, eyewear, timepieces and accessories. Founded in Rome in 1925, Fendi is known for its fur, fur accessories, and leather goods. ...

Givenchy Givenchy (, ) is a French luxury fashion and perfume house. It hosts the brand of haute couture and ready-to-wear clothing, accessories, perfumes and cosmetics of Parfums Givenchy. The house of Givenchy was founded in 1952 by designer Hubert de ...

, Marc Jacobs,

Stella McCartney Stella Nina McCartney (born 13 September 1971) is an English fashion designer. She is a daughter of British singer-songwriter Paul McCartney and the late American photographer and animals rights activist Linda McCartney. Like her parents, McCa ...

, Loewe,

Loro Piana Loro Piana is an Italian company specialized in clothing and textile products. It is considered the largest cashmere manufacturer and the world's leading artisan company processing luxury fibers.Miles Socha and Luisa Zargani (28 October 2021)Loro ...

Kenzo is a common masculine Japanese given name. Possible writings Kenzō can be written using different kanji characters and can mean: *賢三, "wise, three" *健三, "healthy, three" *謙三, "humble, three" *健想, "healthy, concept" *建造, "bu ...

, Celine, Sephora,

Princess Yachts {{Infobox company , name = Princess Yachts , logo = , type = Limited company , industry = Boat building , fate = , predecessor = , successor = , founded = 1965 , founder = , defunct = , hq_location_city = Plymouth , hq_location ...

TAG Heuer TAG Heuer S.A. ( ) is a Swiss luxury watchmaker that designs, manufactures and markets watches and fashion accessories, as well as eyewear and mobile phones manufactured under license by other companies and carrying the TAG Heuer brand name. ...

, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer

Château d'Yquem Château d'Yquem () is a '' Premier Cru Supérieur'' ( Fr: "Superior First Growth") wine from the Sauternes, Gironde region in the southern part of the Bordeaux vineyards known as Graves. In the Bordeaux Wine Official Classification of 1855, Ch ...

, which dates its origins back to 1593.

Bernard Arnault Bernard Jean Étienne Arnault (; born 5 March 1949) is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury ...

is the current CEO of LVMH.

History

In the 1980s, French investor

had the idea to create a group of luxury brands. He worked with Alain Chevalier, CEO of Moët Hennessy, and Henry Racamier, president of

, to form LVMH. Their successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate

Kering Kering () is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963, by ...

and the Swiss-based

Richemont Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells j ...

have also created extended portfolios of luxury brands. LVMH is a component of the Euro Stoxx 50 stock market index. Make Up For Ever was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $5.2 billion. By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused in Asia. In 2012, the growth of LVMH's sales "decreased by about 10 percent from the growth rate in 2011", and in early 2013 LVMH expressed that it would "stop opening stores in second and third-tier cities in mainland China". Xue Shengwen, a senior researcher at ChinaVenture, said the developing trend of young people is to take advantage of more acceptable prices. On 7 March 2013, ''National Business Daily'' reported that mid-priced clothing brand QDA would open its first store in Beijing, as a co-investment of LVMH's private equity LCapitalAsia and the Chinese apparel company Xin Hee Co., Ltd. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, men's and women's ready-to-wear, and footwear lines, to integrate the entire Christian Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased 29%. On 1 November 2018, co-founder Alain Chevalier died at age 87. On 12 May 2019 the fashion house Fenty, styled as FEИTY, created by singer Rihanna was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the

House. On 29 November 2019, LVMH announced its 55% stake in Château d’Esclans, the producer best-known for the brand

Whispering Angel Whispering Angel is a rosé wine from the Provence_wine#Côtes_de_Provence_AOC, Côtes de Provence AOC in Provence, France. It is produced by Chateau d'Esclans, which is majority owned by LVMH. It is credited with reviving interest in rosé wine. It ...

. The acquisition was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed, and that the deal was "invalid" because of Tiffany's handling of the business during the COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany was paying millions in dividends to shareholders despite a financial loss of US$32 million during the pandemic. Some US$70 million had already been paid out by Tiffany, with an additional US$70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was 'burning cash and reporting losses'". In late October 2020 Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. LVMH completed the purchase of Tiffany in January 2021. In January 2022, LVMH acquired a minority stake in the New York-based label

Aimé Leon Dore Aimé Leon Dore (pronounced ''ah-mey lee-on door'') is a fashion and lifestyle brand founded in March 2014 by Teddy Santis. Based in Queens, Queens, New York, the brand's flagship store is located on Mulberry Street (Manhattan), Mulberry Street i ...

for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm. As of late 2020, LVMH has the largest market capitalization of any company in France, and also in the

Eurozone The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU polici ...

with a record of 261 billion euros ($317.6 billion). As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. In March 2022, LVMH announced closure of its 120+ stores in Russia, "given the current circumstances in the region", due to the

Russo-Ukrainian War The Russo-Ukrainian War; uk, російсько-українська війна, rosiisko-ukrainska viina. has been ongoing between Russia (alongside Russian separatists in Ukraine) and Ukraine since February 2014. Following Ukraine's Rev ...

. An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. In November 2022, it was announced LVMH had acquired the

Piedmont it, Piemontese , population_note = , population_blank1_title = , population_blank1 = , demographics_type1 = , demographics1_footnotes = , demographics1_title1 = , demographics1_info1 = , demographics1_title2 ...

-based jewelry maker, Pedemonte Group.

Corporate structure

LVMH is headquartered in the 8th arrondissement of Paris, France. The company is listed on the Euronext Paris exchange, and is a constituent of the CAC 40 index. As of 2010, the group had

revenue In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive reven ...

s of €20.3 billion with a net income of just over €3 billion. In 2013, with revenue of $21.7 billion, LVMH was ranked first luxury goods company in

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

's "Global Powers of Luxury Goods" report. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. As of 2009, the group employed more than 83,000 people, 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide.LVMH First half 2009 interim report
''LVMH'' Retrieved 29 January 2010

Shareholders

At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights.. As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo. As of 2013,

Christian Dior SE Christian Dior SE (), commonly known as Dior (stylized DIOR), is a French luxury fashion house controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world's largest luxury group. Dior itself holds 42.36% shares ...

was the main

of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights.

is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buyout.

Senior leadership

* ''Chairman:''

(since January 1989) * ''Chief Executive:''

(since January 1989)

List of former chairmen

# Alain Chevalier (1987–1989)

Subsidiaries

A partial list including some of LVMH's best-known brands and subsidiaries: ; Wines and spirits * Ao Yun * Ardbeg *

Belvedere Belvedere (from Italian, meaning "beautiful sight") may refer to: Places Australia *Belvedere, Queensland, a locality in the Cassowary Coast Region Africa * Belvedere (Casablanca), a neighborhood in Casablanca, Morocco *Belvedere, Harare, Zi ...

* Bodega Numanthia *

Cape Mentelle Cape Mentelle is a limestone headland on the Indian Ocean coast of south-western Western Australia. It is within the Leeuwin-Naturaliste National Park, just north of the mouth of the Margaret River and west of the town of Margaret River. It ...

* Chandon * Château d'Esclans * Château Cheval Blanc *

* Cheval des Andes * Clos des Lambrays *

Cloudy Bay Te Koko-o-Kupe / Cloudy Bay is located at the northeast of New Zealand's South Island, to the south of the Marlborough Sounds and north of Clifford Bay. In August 2014, the name Cloudy Bay, given by Captain Cook in 1770, was officially altered t ...

* Colgin Cellars *

Dom Pérignon Dom Pérignon (; ) is a brand of vintage Champagne. It is named after Dom Pérignon, a Benedictine monk who was an important quality pioneer for Champagne wine but who, contrary to popular myths, did not discover the Champagne method for making ...

Glenmorangie Glenmorangie distillery (pronounced with the stress on the second syllable: ; the toponym is believed to derive from either Gaelic ''Gleann Mòr na Sìth'' " vale of tranquillity" or ''Gleann Mór-innse'' " vale of big meadows") is a distill ...

* Krug *

Mercier Mercier is French for ''notions dealer'' or ''haberdasher'', and may refer to: People * Agnès Mercier, French curler and coach *Annick Mercier (born 1964), French curler *Amanda H. Mercier (born 1975), American Judge * Armand Mercier, (1933–20 ...

Newton Vineyard Newton Vineyard is a wine estate outside the city of St. Helena in California's Napa Valley Napa Valley is an American Viticultural Area (AVA) located in Napa County in California's Wine Country. It was established by the Bureau of Alcoho ...

* Ruinart * Terrazas de los Andes *

Veuve Clicquot Veuve Clicquot Ponsardin () is a Champagne house founded in 1772 and based in Reims. It is one of the largest Champagne houses. Madame Clicquot is credited with major breakthroughs, creating the first known vintage champagne in 1810, and ...

* Volcan de mi Tierra * Woodinville ; Fashion and leather goods *

Berluti Berluti is a prestigious leather maker that manufactures menswear, especially the leather finishing of calfskin, kangaroo leather and alligator skin in its production of shoes and boots. It makes leather belts, bags, and wallets, as well as b ...

Birkenstock Birkenstock Group B.V. & Co. KG is a German shoe manufacturer known for its production of Birkenstocks, a German brand of sandals and other shoes notable for their contoured cork footbeds (soles) made with layers of suede and jute, which conf ...

* Celine * Christian Dior *

Emilio Pucci Don Emilio Pucci, Marchese di Barsento (; 20 November 1914 – 29 November 1992) was an Italian aristocrat, fashion designer and politician. He and his eponymous company are synonymous with geometric prints in a kaleidoscope of colors. Earl ...

JW Anderson JW Anderson is a British fashion label, founded by Jonathan Anderson. Anderson lived in Northern Ireland during his youth before establishing JW Anderson in 2008 and subsequently launched his fashion house in London. The brand initially focused ...

* Loewe *

* Marc Jacobs *

Moynat Moynat is one of the oldest Parisian trunkmakers. Their first studio was opened in Paris in 1849 founded by Octavie and François Coulembier. They joined forces with a specialist in travel goods named Pauline Moynat, to open the first store of a ...

Off-White Shades of white are colors that differ only slightly from pure white. Variations of white include what are commonly termed off-white colors, which may be considered part of a neutral color scheme or yellow that looks like brown. In color theo ...

* Patou *

Phoebe Philo Phoebe Philo OBE (born 1 January 1973) is a British fashion designer. She was the creative director of fashion brands Céline from 2008 to 2018 and Chloé from 2001 to 2006. Early life and education Philo was born in Paris to British parents wo ...

Rimowa Rimowa GmbH (), often stylized as RIMOWA, is a high-quality luggage manufacturer. The company was founded in 1898, in Cologne, Germany. RIMOWA suitcases are widely known for their parallel aluminium grooves, which have become characteristic of th ...

; Perfumes and cosmetics * Acqua di Parma *

Benefit Cosmetics Benefit Cosmetics LLC is a manufacturer of cosmetics founded and headquartered in San Francisco, California. It is a subsidiary of LVMH Moët Hennessy Louis Vuitton. History Benefit was founded by twin sisters Jean anJane Ford Born in India ...

BITE Beauty BITE Beauty is a Canada, Canadian cosmetics company specializing in lip products. The brand was founded by Susanne Langmuir in 2011, launched in 2012, and acquired by LVMH, Kendo in 2014. The brand is carried exclusively at Sephora. All BITE's p ...

* Cha Ling *

Fenty Beauty Fenty Beauty (stylized as FEИTY BEAUTY) is a cosmetics brand by Rihanna, that was launched on September 8, 2017. Popular for its broad inclusivity across various skin tones, its Pro Filt'R foundation became high-demand upon first release. The o ...

by Rihanna * Fresh Beauty *

Parfums Givenchy Parfums Givenchy () is a French brand of perfumes and cosmetics, known for fragrances L'Interdit, Amarige, Organza, Pi, and Givenchy III. As part of Givenchy, it has been a subsidiary of LVMH since 1988. Presentation The Givenchy perfume brand ...

Guerlain Guerlain () is a French perfume, cosmetics and skincare house, which is among the oldest in the world. Many traditional Guerlain fragrances are characterized by a common olfactory accord known as the "Guerlinade" (fr). The house was founded in P ...

* Kenzo Parfums * KVD Vegan Beauty * Maison Francis Kurkdjian * Make Up For Ever * Marc Jacobs Beauty * Officine Universelle Buly *

Ole Henriksen Ole Henriksen (born May 4, 1951 in Nibe, Denmark) is a Denmark, Danish skin cosmetician and manufacturer of skin care products. He currently lives in the United States. (Not to be confused with Ole Henriksen, co-founder of Borland). Early years O ...

Parfums Christian Dior Parfums Christian Dior is the perfumery and cosmetics (makeup and skincare) line of the French fashion house, Christian Dior SE. However, the line belongs to the perfumes and cosmetics portfolio of the world's largest luxury group, the LVMH Group. ...

* Perfumes Loewe * Sephora ; Watches and jewelry * Bulgari *

Chaumet The House of Chaumet (), founded in 1780, is a jeweller based in Paris. Chaumet is a jewellery and watchmaking designer founded in 1780 by Marie-Étienne Nitot. Fourteen artisans ply their trade in the workshop on Place Vendôme under the dire ...

Fred Fred may refer to: People * Fred (name), including a list of people and characters with the name Mononym * Fred (cartoonist) (1931–2013), pen name of Fred Othon Aristidès, French * Fred (footballer, born 1949) (1949–2022), Frederico Rod ...

Hublot Hublot () is a Swiss luxury watchmaker founded in 1980 by Italian Carlo Crocco. The company operates as a wholly owned subsidiary of the French luxury conglomerate LVMH. History A scion of the Italian Binda Group dynasty, best known for ...

Repossi Repossi is an Italian jewelry house, founded in 1957 in Turin by Costantino Repossi. The house is built around three generations that follow each other from father to son, and from father to daughter. After studying industrial design, Costantino ...

* Tiffany & Co. *

Zenith The zenith (, ) is an imaginary point directly "above" a particular location, on the celestial sphere. "Above" means in the vertical direction ( plumb line) opposite to the gravity direction at that location ( nadir). The zenith is the "high ...

; Selective retailing * DFS * La Grande Epicerie *

La Samaritaine La Samaritaine (French pronunciation: a samaʁitɛn is a large department store in Paris, France, located in the first arrondissement. The nearest métro station is Pont-Neuf, directly in front at the quai du Louvre and the rue de la Monnaie ...

Le Bon Marché Le Bon Marché (lit. "the good market", or "the good deal" in French; ) is a department store in Paris. Founded in 1838 and revamped almost completely by Aristide Boucicaut in 1852, it was one of the first modern department stores. It was ...

* Starboard Cruise Services ; Other activities * Belmond * Maisons Cheval Blanc * ''

Connaissance des Arts ''Connaissance des arts'' is a monthly French art magazine devoted to the arts and their current events, published since March 1952 by the French Society for the Promotion of Art. Its headquarters are on the rue du Quatre-Septembre in Paris. In 20 ...

'' * Cova * ''

Investir ''Investir'' was a French language monthly business magazine published in Paris, France, between 1974 and 2011. History and profile ''Investir'' was established in 1974. It was relaunched in 1988. The magazine had been published by Hachette Fil ...

'' *

Jardin d'Acclimatation The Jardin d'Acclimatation () is a children's amusement park located in the northern part of the Bois de Boulogne in Paris, alongside other attractions. History Opened on 6 October 1860 by Napoléon III and Empress Eugénie, this Paris zoo wa ...

* '' Le Parisien'' * ''Les Echos'' *

Radio Classique Radio Classique is a French commercial radio station created in 1983 that broadcasts mainly classical music. Its programmes also contain segments of economic and political news. As of 2015, it had 1.1 million listeners per day. Radio Classique ...

* Royal Van Lent

Journées Particulières

Launched in 2011, Journées Particulières is a bi-annual event which allows visitors to enter the various ateliers, studios, caves, and mansions owned by LVMH, for free. It is staged every two years and has opened doors in France, Italy, Switzerland, the UK, the Netherlands, Spain and Germany, with 56 brands welcoming guests into over 70 sites on four continents. The 2017 issue attracted 145,000 visitors.

Philanthropy

Visual arts

LVMH is a major patron of art in France. The group supported about ten exhibitions as "Le grand monde d’Andy Warhol" and "Picasso et les maîtres" at le Grand Palais in Paris. LVMH also endorsed the patronage of "l'atelier d'Alberto Giacometti" and "Yves Klein" at Centre Georges Pompidou. Since 2005, when the LVMH flagship store opened in Paris at 3,

avenue George V Avenue George V is a street in the 8th arrondissement of Paris. It starts at Place de l'Alma, and ends at No. 99 avenue des Champs-Elysées. It marks the western limit of Paris's "golden triangle" (). Until 14 July 1918, the avenue was called ...

, 75008, the company presented close collaborations with contemporary artists. Features included a light sculpture by American

James Turrell James Turrell (born May 6, 1943) is an American artist known for his work within the Light and Space movement. Much of Turrell's career has been devoted to a still-unfinished work, ''Roden Crater'', a natural cinder cone crater located outsid ...

, a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's

Olafur Eliasson Olafur Eliasson ( is, Ólafur Elíasson; born 5 February 1967) is an Icelandic–Danish artist known for sculptured and large-scale installation art employing elemental materials such as light, water, and air temperature to enhance the viewer's ...

. In 2006, a gallery space was inaugurated on the second floor of the same building and named "Espace Culturel". "Icônes" was one of the first exhibitions.

Shigeru Ban Biography
, The Hyatt Foundation, retrieved 26 March 2014 is a Japanese architect, known for his i ...

Sylvie Fleury Sylvie Fleury (born 24 June 1961) is a Swiss contemporary pop artist known for her installations, sculpture, and mixed media. Her work generally depicts objects with sentimental and aesthetic attachments in consumer culture, as well as the parad ...

Zaha Hadid Dame Zaha Mohammad Hadid ( ar, زها حديد ''Zahā Ḥadīd''; 31 October 1950 – 31 March 2016) was an Iraqi-British architect, artist and designer, recognised as a major figure in architecture of the late 20th and early 21st centu ...

Bruno Peinado Bruno Peinado (born 1970, in Montpellier) is a French artist who lives and works in Douarnenez, France. He was nominated in 2006 for the prestigious Marcel Duchamp Prize. He also teaches at the European School of Art of Bittany in Quimper, France ...

Andrée Putman Andrée Putman (23 December 1925 – 19 January 2013) was a French interior and product designer. She was the mother of Olivia Putman and of Cyrille Putman. Life and work Childhood and youth (1925–1944) Andrée Christine Aynard was bor ...

Ugo Rondinone Ugo Rondinone (born November 30, 1964) is a Swiss-born artist widely recognized for his mastery of several different media—most prominently sculpture, drawing and painting, but also photography, architecture, video and sound installation— ...

, Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it. In addition, LVMH foundation created the "young creators LVMH award", an international competition opened to French and international beaux-arts students. Each year, six grants are allocated to the winners. In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gerry in the Bois de Boulogne in Paris. The Fondation is designed as the Group's own museum to present its collections and organize major world-class art exhibitions.

Fashion

In November 2013, LVMH created the ''LVMH Young Fashion Designer Prize'', which comes with a €300,000 grant with a year of mentoring; it was the brainchild of

Delphine Arnault Delphine Arnault (born 4 April 1975) is a French businesswoman, director and executive vice president of Louis Vuitton (LVMH Group). Early life Arnault is the oldest child of Bernard Arnault from his first wife, Anne Dewavrin. She has a younger ...

. In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida, J JS Lee, and others, and Thomas Tait was the winner. Marques'Almeida won the 2015 prize. In 2019, South African designer

Thebe Magugu Thebetsile "Thebe" Magugu (born 1 September 1993) is a South African fashion designer. Born in Kimberley and based in Johannesburg, he rose to prominence as the winner of the 2019 LVMH Young Fashion Designer Prize, and a finalist in the 2021 ...

became the first African to win the prize, and was commended by the President of South Africa,

Cyril Ramaphosa Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...

. LVMH underwrites other fashion competitions, including the Andam prize in France, the International Festival of Fashion and Photography in

Hyères Hyères (), Provençal Occitan: ''Ieras'' in classical norm, or ''Iero'' in Mistralian norm) is a commune in the Var department in the Provence-Alpes-Côte d'Azur region in southeastern France. The old town lies from the sea clustered arou ...

, France, an investment fund for young designers created by the French Ministry of Culture and Communication, and a scholarship program and sponsored lecture theater at Central Saint Martins in London.

Music

The group also lends Stradivarius violins to young talented musicians.

Maxim Vengerov Maxim Alexandrovich Vengerov (russian: Максим Александрович Венгеров, , mɐkˈsʲim ɐlʲɪkˈsandrəvʲɪtɕ vʲɪnˈɡʲerəf; he, מקסים ונגרוב; born 20 August 1974) is a Russian-born Israeli violinist, ...

and

Laurent Korcia Laurent Korcia (born 1964) is a French violinist who studied at the Conservatoire National Supérieur de Musique de Paris. After receiving a Premier Prix from the Conservatoire, he won the Paganini Competition in Genoa, a Grand Prix at the Jacques ...

have used the instruments.

Humanitarian aid

On 26 August 2019,

declared that LVMH would donate $11 million to help fight the 2019 Brazil wildfires. During the

COVID-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by a virus, the severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The first known case was identified in Wuhan, China, in December 2019. The disease quickly ...

crisis, the group shifted its production of perfume and spirits towards hand sanitizer. This production of 12 tons has been offered to hospitals in Paris, France. In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. On 2 March 2022, LVMH Group pledged €5 million to the

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to those affected by the war. In addition, the company closed 124 of its stores in Russia.

E-commerce

On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as a way for LVMH's luxury brands to expand their presence online and capture younger shoppers. LVMH contributed to Lyst's $60 million funding round, which also included access to LVMH's international expertise, designed to drive Lyst's global expansion.

Financial data

Controversy

John Galliano's anti-semitism

On 25 February 2011, Christian Dior announced they had suspended designer John Galliano following his arrest over an alleged anti-semitic tirade in a Paris bar. In France, it is against the law to make anti-semitic remarks of this nature, and it can be punished by up to six months in prison. On 1 March 2011, Christian Dior officially announced that it had fired Galliano amidst the controversy.

Sebastian Suhl

In 2012 former Prada COO Sebastian Suhl was hired by Givenchy as the company's new CEO. The Asian Transnational Corporation Monitoring Network (ATNC), a network made of 15 organizations from 12 Asian countries wrote a letter of concern to LVMH Group's

as Suhl was at the same time a key person in the Prada Female Discrimination Case where he described as complicit in sexual harassment and discrimination practices.

Corruption

During December 2021, LVMH paid €10 million to settle claims in Paris to end several criminal investigations that a former French intelligence chief,

Bernard Squarcini Bernard Suggimi is a French intelligence official and security consultant. He was born on 12 December 1955 in Rabat, Morocco. He was the youngest Inspector General of Police. Bernard Squarcini was head of the French Direction Centrale du Rens ...

, spied for the company, on competitors and others, including on an activist making a film about its billionaire owner,

. Prosecutors allege that the intelligence chief used tactics like influence peddling, invasion of privacy, and leveraging his network in intelligence and police on behalf of the company.

References

External links

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Marques de LVMH classées par secteurs d'activités
{{Authority control 8th arrondissement of Paris CAC 40 Companies in the Euro Stoxx 50 Companies listed on Euronext Paris Conglomerate companies of France French companies established in 1987 Hennessy family History of cosmetics Holding companies established in 1987 Hospitality companies of France Luxury brand holding companies Manufacturing companies based in Paris Multinational companies headquartered in France Retail companies established in 1987 Watchmaking conglomerates Clothing companies based in New York City