LVMH, one of the world's largest luxury companies by market capitalization, was formed in 1987 by the merger of Louis Vuitton and Moët Hennessy.
Moët Hennessy itself had been created in 1971 through the merger of champagne producer Moët & Chandon and cognac maker Hennessy. The 1987 combination with Louis Vuitton created a group spanning fashion, leather goods, champagne, and spirits. LVMH is an abbreviation of Louis Vuitton Moët Hennessy.
The merger occurred during a period of consolidation in the French luxury industry. Bernard Arnault subsequently acquired a controlling stake in the group and became its chairman and chief executive. Under his leadership, LVMH expanded into a broad portfolio of luxury brands and business categories.
LVMH is often mistaken for a single fashion label because Louis Vuitton is its most recognizable name. In fact, the group owns or controls brands across wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. The portfolio has included brands such as Dior, Fendi, Bulgari, and Tiffany & Co.