Global Cosmetics Group——Louis Vuitton Moët Hennessy

Louis Vuitton Moët Hennessy (LVMH for short) was formed in 1987 by the merger of Louis Vuitton and Moët Hennessy by Bernard Arnault. It owns more than 50 brands and is the largest luxury goods group in the world today. The Group's main businesses include the following five areas: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Boutique Retail (Selective Retailing).

LVMH FOUNDER

On May 13, 2020, LVMH Group ranked 73rd in the 2020 Forbes Global 2000 list.

In January 2021, the LVMH Group completed the acquisition of Tiffany & Co.

In March 2022, it was announced that the Russian store would be closed.

Louis Vuitton has been around for a very long time. It existed in 1854, and later merged into lvmh. Louis Vuitton is most famous for its bags and clothes, both at that time and now. , are all symbols of luxury, and now lvmh has packaged Louis Vuitton very luxuriously.

There are many brands under lvmh that are not independently developed by their group. Most of them are acquired from others. They have been acquiring brands since 1987. At that time, Dior was included in lvmh. Later, the acquisition road was out of control, and luxury goods in various countries Brands are included.

Well-known brands under the lv Group include: Givenchy, Dior, Hennessy, Louis Vuitton, fendi, Fred Sephora, Guerlain ), Fresh (Fresh Lei Poetry), Bulgari (BVLGARI) and Clarins，Make up for ever，Acqua di Parma，Kenzo，Tiffany and so on.

Today, the LVMH Group has more than 50 brands and more than 1,700 stores, 68% of which are located outside France, employing nearly 60,000 people. In 2005, its sales revenue was 13.9 billion euros and its net profit was 1.668 billion euros, about four times that of the Gucci Group. The total assets are 28.053 billion euros, and the stock market value is as high as 36.8 billion euros. At the same time, the company's stock is still a constituent stock of the Paris CAC40 index. While developing business, LVMH also does not forget to benefit the society. Its welfare institutions include LVMH House, LVMH-ESSEC Chair, and LVMH Asian Research Scholarship. In addition, LVMH is also committed to protecting the environment. The group abides by its public welfare mission, and is committed to inheriting Everbright's cultural traditions, advocating humanitarianism, promoting education, and cultivating and supporting young art and design talents.