LVMH is the luxury-goods group that owns Louis Vuitton, Dior, and Moët & Chandon and became Europe's first company valued above $500 billion.
LVMH stands for Moët Hennessy Louis Vuitton. The group was formed in 1987 through the merger of fashion house Louis Vuitton with champagne and cognac producer Moët Hennessy. It has since assembled a broad portfolio of luxury brands.
Its businesses cover fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Christian Dior is part of the group's fashion and leather-goods portfolio, while Moët & Chandon belongs to its wines and spirits division.
LVMH crossed a $500 billion market capitalization in April 2023, becoming the first European company to reach that level. Market value can change daily, so rankings based on this milestone differ from lists based on revenue, brand value, or total assets.