LVMH is the parent of luxury brands including Louis Vuitton, Dior, and Moët & Chandon.
LVMH stands for Moët Hennessy Louis Vuitton and is the world’s largest luxury-goods company by revenue. Its portfolio spans fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing.
The group was formed in 1987 through the merger of fashion house Louis Vuitton with wine and spirits company Moët Hennessy. Bernard Arnault later built LVMH into a diversified luxury conglomerate by acquiring and developing prestigious brands while allowing many of them to retain distinct identities.
LVMH is sometimes mistaken for a single fashion label. It is instead a holding group with many maisons, or houses. Its market capitalization reflects the combined expectations for those businesses, not the value of Louis Vuitton alone.