LVMH owns Louis Vuitton, Dior, and Moët & Chandon and ranks among the world’s largest firms by market value.
LVMH is the abbreviation for Moët Hennessy Louis Vuitton. The group was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, whose businesses included champagne and cognac.
Its portfolio spans fashion and leather goods, perfumes and cosmetics, wines and spirits, watches and jewelry, and selective retailing. Louis Vuitton, Dior, Tiffany & Co., Bulgari, and Dom Pérignon are among its best-known names, although ownership of individual brands can change over time.
A common mistake is to call LVMH a single fashion label. It is a diversified luxury-goods group that manages many maisons. Its market capitalization reflects the value investors place on the listed parent company, rather than the retail price of any one brand.