LVMH became Europe’s most valuable company by market capitalization in 2021.
LVMH overtook other European listed companies to become Europe’s most valuable company by market capitalization in 2021. Its rise reflected strong demand for luxury fashion, leather goods, jewelry, watches, wines, and spirits, together with the global reach of its portfolio of brands.
LVMH stands for Moët Hennessy Louis Vuitton. The group was created in 1987 through the merger of Louis Vuitton and Moët Hennessy. Bernard Arnault became its chairman and chief executive, and the group expanded through acquisitions and long-term control of prestigious brands.
LVMH includes businesses such as Louis Vuitton, Christian Dior, Fendi, Bulgari, Tiffany & Co., Moët & Chandon, Hennessy, and Sephora. A group’s market capitalization reflects investor valuation of the publicly traded parent company, not the separate value of every brand as though each were independently listed. Luxury-company rankings can change with consumer demand, currency movements, and share-price performance.