LVMH is one of the world's largest luxury companies by market capitalization. What do the initials LVMH represent?
Answer
Louis Vuitton Moët Hennessy
LVMH represents Louis Vuitton Moët Hennessy.
The group was created in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, a wine and spirits company. Moët Hennessy itself had been formed in 1971 by combining Moët & Chandon with Hennessy.
The resulting group brought together luxury fashion, champagne, cognac, perfumes, cosmetics, watches, jewelry, and other premium brands. Bernard Arnault became chairman and chief executive in 1989 and developed LVMH into a large multi-brand luxury conglomerate.
The initials refer to three historic names, not three current divisions. Louis Vuitton is a fashion and leather-goods house, while Moët & Chandon and Hennessy are famous for champagne and cognac respectively.