LVMH

French multinational luxury goods conglomerate

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 with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon and the cognac producer Hennessy. In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000.

Also known as...Louis Vuitton Moët Hennessy and LVMH Moët Hennessy Louis Vuitton
Business World
LVMH luxury sales slow

LVMH luxury sales slow LVMH reports stagnant sales as Middle East conflicts and a global energy crisis hit the luxury goods market.