Editing LVMH (section)

{{Short description|French multinational luxury goods conglomerate}}
{{Use dmy dates|date=June 2022}}
{{Infobox company
| name = LVMH Moët Hennessy Louis Vuitton SE<!--N.B. full legal name is LVMH from Moët Hennessy Louis Vuitton SE, with SE-->
| former_names = LVMH Moët Hennessy Louis Vuitton [[S.A. (corporation)|SA]] (1987–2015)
| trade_name = LVMH
| logo = [[File:LVMH wordmark.svg|frameless|class=skin-invert]]
| image = 22 avenue Montaigne Paris.jpg
| image_size = 250px
| image_caption = Headquarters in [[Paris]], France
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list |{{EuronextParis|MC|FR0000121014|XPAR}} |[[CAC 40]] component}}
| ISIN = {{ISIN|sl=n|pl=y|FR0000121014}}
| predecessors = {{ubl|[[Moët & Chandon]]|[[Hennessy]]|[[Louis Vuitton]]}}
| num_locations = 6,097 stores (2023)<ref name="lvmh-fy23" />
| area_served = Worldwide
| key_people = [[Bernard Arnault]] {{small|([[chairman]] and [[Chief executive officer|CEO]])}}<ref>{{cite web | url=https://www.lvmh.com/group/about-lvmh/governance/board-of-directors/ | title=Board of Directors – LVMH Group Governance | date=February 2024 | access-date=4 February 2024 | archive-date=27 January 2024 | archive-url=https://web.archive.org/web/20240127213507/https://www.lvmh.com/group/about-lvmh/governance/board-of-directors/ | url-status=live }}</ref><ref name="Stéphane Bianchi GROUP MANAGING DIR">{{cite web | url=https://www.lvmh.com/group/about-lvmh/governance/executive-committee/stephane-bianchi/| title=Stéphane Bianchi GROUP MANAGING DIRECTOR | date=February 2024 | access-date=4 February 2024 | archive-date=4 February 2024 | archive-url=https://web.archive.org/web/20240204184642/https://www.lvmh.com/group/about-lvmh/governance/executive-committee/ | url-status=live }}</ref> <br /> Stéphane Bianchi {{small|(Group Managing Director)}}<ref>{{cite web | url=https://www.lvmh.com/group/about-lvmh/governance/executive-committee/antonio-belloni/ | title= LVMH GOVERNANCE | date=May 2024 | access-date=31 May 2024 | archive-date=31 May 2024 | archive-url=https://www.lvmh.com/group/about-lvmh/governance/executive-committee/ | url-status=live }}</ref> <br /> [[Antoine Arnault]] {{small|(Director; CEO of [[Dior|Christian Dior SE]])}} <br /> [[Delphine Arnault]] {{small|(Director; CEO of Christian Dior Couture)}}<ref>{{cite web | url=https://www.lvmh.com/group/about-lvmh/governance/executive-committee/delphine-arnault/ | title=Delphine Arnault, Chairman and Chief Executive Officer of Christian Dior Couture | date=February 2024 | access-date=4 February 2024 | archive-date=26 December 2023 | archive-url=https://web.archive.org/web/20231226190144/https://www.lvmh.com/group/about-lvmh/governance/executive-committee/delphine-arnault/ | url-status=live }}</ref>
| industry = [[Luxury goods]]
| founders = {{ubl|Alain Chevalier|[[Henry Racamier]]}}
| foundation = {{Start date and age|1987|6|3|df=y}}
| hq_location = 22 [[Avenue Montaigne]]<br />Paris, France<ref name="Infogreffe">{{cite web |title=LVMH MOET HENNESSY LOUIS VUITTON |url=https://www.infogreffe.fr/entreprise-societe/775670417-lvmh-moet-hennessy-louis-vuitton-750171B050740000.html |access-date=9 October 2024 |website=Infogreffe}}</ref>
| products = {{hlist|[[Clothing]]|[[cosmetics]]|[[Fashion accessory|fashion accessories]]|[[Jewellery|jewelry]]|[[perfume]]s|[[Distilled beverage|spirits]]|[[watch]]es|[[wine]]s}}
| services = [[Department stores]]
| revenue = {{increase}} [[Euro|€]]86.2 billion (2023) +9 %<ref name="lvmh-fy23">{{cite web|url=https://r.lvmh-static.com/uploads/2024/01/financial-documents-lvmh-december-31-2023.pdf|title=LVMH 2023 Financial Documents|date=2013-12-31|access-date=22 March 2024|archive-date=10 March 2024|archive-url=https://web.archive.org/web/20240310205208/https://r.lvmh-static.com/uploads/2024/01/financial-documents-lvmh-december-31-2023.pdf|url-status=live}}</ref>
| operating_income = {{increase}} €22.56 billion (2023)<ref name="lvmh-fy23" />
| net_income = {{increase}} €15.17 billion (2023)<ref name="lvmh-fy23" />
| assets = {{increase}} €143.7 billion (2023)<ref name="lvmh-fy23" />
| equity = {{increase}} €62.70 billion (2023)<ref name="lvmh-fy23" />
| owners = {{ubl|
*[[Dior|Christian Dior SE]] and the [[Bernard Arnault|Arnault]] family<ref name=finance>{{cite web |url=https://www.dior-finance.com/en/historique-copie-en.html |title=History |publisher=Christian Dior Finance website |access-date=2024-11-01}}</ref> (48.6% of shares, 64.33% of votes)<ref name="lvmh-fy23" />
*[[Public float]] (51.4% of shares; 2023)<ref name=Euronext>{{cite web |url=https://live.euronext.com/en/product/equities/FR0000121014-XPAR/company-information |title=LVMH |publisher=Euronext Paris |access-date=10 December 2024}}</ref>
}}
| num_employees = 213,000 (2023)<ref name="lvmh-fy23" />
| subsid = [[#Subsidiaries|List of subsidiaries]]
| website = {{URL|lvmh.com}}
}}

'''LVMH Moët Hennessy Louis Vuitton SE'''<!--N.B. full legal name is LVMH Moët Hennessy Louis Vuitton SE, with SE--> ({{IPA|fr|mɔɛt‿ɛnɛsi lwi vɥitɔ̃|lang}}),<ref name=Euronext/> commonly known as '''LVMH''', is a French [[Multinational corporation|multinational]] [[holding company]] and [[conglomerate (company)|conglomerate]]<ref>{{Cite web |title=6 Companies Owned by LVMH (Moët Hennessy Louis Vuitton SE) |url=https://www.investopedia.com/articles/insights/081816/top-7-companies-owned-louis-vuitton-lvmuy.asp |access-date=2023-02-14 |website=Investopedia |language=en |archive-date=14 February 2023 |archive-url=https://web.archive.org/web/20230214050144/https://www.investopedia.com/articles/insights/081816/top-7-companies-owned-louis-vuitton-lvmuy.asp |url-status=live }}</ref><ref>{{Cite web |last=Spencer |first=Mimosa |title=French luxury groups to highlight sector's resilience as demand holds up for now |url=https://www.reuters.com/business/retail-consumer/french-luxury-groups-highlight-sectors-resilience-demand-holds-up-now-2022-10-10/ |access-date=2024-09-17 |website=Reuters|date=10 October 2022 }}</ref><ref>{{Cite web |last=Live News |first=France 24 |title=French luxury giant LVMH half-year net profit drops 14% |url=https://www.france24.com/en/live-news/20240723-french-luxury-giant-lvmh-half-year-net-profit-drops-14 |access-date=2024-09-17 |website=France 24|date=23 July 2024 }}</ref><ref>{{Cite web |last=Profile |first=Forbes |title=LVMH Moët Hennessy Louis Vuitton |url=https://www.forbes.com/companies/lvmh-moet-hennessy-louis-vuitton/ |access-date=2024-09-17 |website=Forbes}}</ref> that specializes in [[luxury goods]] and has its headquarters in [[Paris]], France.<ref name="Greffe du tribunal">{{cite web |title=LVMH Moët Hennessy Louis Vuitton |url=https://commandes.greffe-tc-paris.fr/fr/societe/7501-1971B05074-775670417-lvmh-moet-hennessy-louis-vuitton.html |access-date=9 September 2020 |website=Greffe du tribunal de commerce de Paris |archive-date=23 September 2023 |archive-url=https://web.archive.org/web/20230923094344/https://commandes.greffe-tc-paris.fr/fr/societe/7501-1971B05074-775670417-lvmh-moet-hennessy-louis-vuitton.html |url-status=live }}</ref> The company was formed in 1987 through the [[Mergers and acquisitions|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).<ref name="CHFU">{{cite web |title=LVMH Moët Hennessy Louis Vuitton SA – Company History |url=http://www.fundinguniverse.com/company-histories/LVMH-Moeuml;t-Hennessy-Louis-Vuitton-SA-Company-History.html |access-date=30 June 2011 |publisher=Funding Universe |archive-date=23 August 2011 |archive-url=https://web.archive.org/web/20110823101900/http://www.fundinguniverse.com/company-histories/LVMH-Moeuml;t-Hennessy-Louis-Vuitton-SA-Company-History.html |url-status=live }}</ref><ref>{{cite web |last=Rachel Sanderson in Milan |date=6 March 2011 |title=Retail & Consumer – LVMH to take controlling stake in Bulgari |url=http://www.ft.com/cms/s/0/5f2242ac-4847-11e0-b323-00144feab49a.html |access-date=30 June 2011 |publisher=[[Financial Times|FT.com]] |archive-date=14 July 2011 |archive-url=https://web.archive.org/web/20110714165338/http://www.ft.com/cms/s/0/5f2242ac-4847-11e0-b323-00144feab49a.html |url-status=live }}</ref><ref>{{cite web |title=LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index. |url=http://www.lvmh.com/fonctionalite/pg_faq_histo.asp |url-status=dead |archive-url=https://web.archive.org/web/20110607035949/http://www.lvmh.com/fonctionalite/pg_faq_histo.asp |archive-date=7 June 2011 |access-date=30 June 2011 |publisher=LVMH.com}}</ref> In April 2023, LVMH became the first European company to surpass a valuation of $500&nbsp;billion.<ref>{{cite news |last=Reid, Jenni |date=24 April 2023 |title=Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value |newspaper=CNBC.com |url=https://www.cnbc.com/2023/04/24/lvmh-becomes-the-first-european-company-surpass-500-billion-in-value.html |access-date=16 October 2023 |publisher=CNBC |archive-date=7 September 2023 |archive-url=https://web.archive.org/web/20230907034056/https://www.cnbc.com/2023/04/24/lvmh-becomes-the-first-european-company-surpass-500-billion-in-value.html |url-status=live }}</ref> In 2023, the company was ranked 47th in the [[Forbes Global 2000]].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref>

LVMH controls around 60 [[Subsidiary|subsidiaries]] that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes [[Dior|Christian Dior Couture]], [[Givenchy]], [[Fendi]], [[Celine (brand)|Celine]], [[Kenzo (brand)|Kenzo]], [[Tiffany & Co.|Tiffany]], [[Bulgari]], [[Loewe (fashion brand)|Loewe]], [[TAG Heuer]], [[Marc Jacobs]], [[Stella McCartney]], [[Sephora]] and [[Loro Piana]]. 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. LVMH owns Les Echos-Le Parisien Group, its media subsidiary. The [[Vineyard|wine estate]] of [[Château d'Yquem]], whose origins date back to 1593, is under LVMH ownership.<ref>[https://web.archive.org/web/20041018103236/http://www2.yquem.fr/yquem.php?lang=uk The Beginnings of Château d'Yquem] ''Château d'Yquem'' Retrieved 29 January 2010</ref> [[Bernard Arnault]] is the chairman, CEO and largest shareholder of LVMH, making him one of the richest people in the world as of 2024.