The LVMH group is a fairly discreet company based in Paris, which may explain why you’ve never heard of it. LVMH was founded in 1987 with the merger of Louis Vuitton, Moët et Chandon and Hennessy. Its purpose was to become the leader of the overall luxury market, and it succeeded.
Since it’s creation, the group has acquired more than 70 luxury Houses in six different sectors. It hired 150 000 peoples and declared a profit of $ 53 B (CAD) last year!
Here are some LVMH’s houses you’ll certainly recognize
”Fashion & Leather goods”
”Wines & Spirits”
”Watches & Jewelry”
”Perfumes and cosmetics”
And the list goes on with Sephora and many others… LVMH completely rules the luxury market!
