LVMH is a French multinational holding company and luxury goods conglomerate headquartered in Paris, formed in 1987 through the merger of the fashion house Louis Vuitton, founded in 1854, with Moet Hennessy, itself the 1971 product of a merger between the champagne producer Moet et Chandon and the cognac producer Hennessy. The company controls around sixty subsidiaries managing roughly seventy five luxury brands across fashion, wines and spirits, perfumes and cosmetics, watches and jewelry, and retail, including Christian Dior, Fendi, Tiffany and Co. and Bulgari.
Facts
Company TypeFrench multinational holding company and conglomerate specializing in luxury goods 1 Founded Year Headquarters Company Type
Company Type (category) FAQs
How did Bernard Arnault gain control of LVMH?
Racamier invited Arnault to buy stock; Arnault then secured a 45 percent controlling interest.
After disputes and legal battles between Alain Chevalier and Henry Racamier over running the conglomerate, Racamier invited the young property developer and financial engineer Bernard Arnault to acquire stock in the company. Racamier hoped Arnault would help him consolidate his position, but Arnault had ambitions of his own. With the help of the French investment bank Lazard Frères and the British liquor giant Guinness plc, Arnault secured a 45 percent controlling interest of LVMH stock for himself.
Connections
Operates In
A major retail company; classified in the atlas retail-industry.
In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Wikipedia, LVMH
WikipediaLead section
LVMH Moet Hennessy Louis Vuitton SE is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).
Wikipedia article on LVMH, lead section
LVMH Moet Hennessy Louis Vuitton SE is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris.
- Infobox company, type field: "Public company"
View the Source Wikidata: LVMH
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