LVMH was the first luxury-goods company to exceed a $300 billion market capitalization.
LVMH passed $300 billion in April 2023 as investors valued its global portfolio of luxury brands and strong demand for premium goods. The company is the world’s largest luxury-goods group by revenue and brand breadth.
LVMH stands for Moët Hennessy Louis Vuitton. Its businesses include fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Brands associated with the group include Louis Vuitton, Dior, Tiffany & Co., and Moët & Chandon.
LVMH is a group rather than a single label, which explains why its market capitalization can exceed that of individual luxury houses. Bernard Arnault has led the group for decades, but ownership, management, and brand creative direction are distinct concepts.