LVMH owns the luxury brands Louis Vuitton, Dior, and Moët & Chandon.
LVMH stands for LVMH Moët Hennessy Louis Vuitton. The group was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, a drinks business created by earlier combinations involving champagne and cognac producers. Bernard Arnault became chairman and chief executive in 1989 and built LVMH into a large portfolio of luxury brands.
Its businesses span fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. This diversified brand portfolio helped LVMH become one of Europe’s most valuable listed companies by market capitalization.
Louis Vuitton is a fashion and leather-goods brand, while Moët & Chandon is a champagne house and Hennessy is a cognac producer. Kering and Richemont are major luxury rivals, but they are separate groups.