LVMH SE
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July 1, 2020
Updated on:

LVMH Moët Hennessy – Louis Vuitton SE

Revenue:
EUR 53,670 million (2019)
Profit:
EUR 7,171 billion (2019)
Employees:
163,309 (2019)
GICS Industry Group:
Headquarters:
Paris, France
Founded:
1987
Current CEO:
Bernard Arnault
Parent:
Groupe Arnault SE

Description

LVMH Moët Hennessy – Louis Vuitton SE, also known as LVMH, is a French luxury goods conglomerate headquartered in Paris, France. The company was formed in 1987 under the merger of Louis Vuitton and Moët Hennessy. Moët Hennessy was formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac producer.

LVMH owns a significant number of luxury brands including Louis Vuitton, Celine, Givenchy, Christian Dior, Fendi, Marc Jacobs, Bvlgari, TAG Heuer, Sephora, Dom Pérignon, and Chandon.

On 3 July 2017, as part of an internal restructuring of the Christian Dior – LVMH group, LVMH acquired 100% of Christian Dior Couture from Christian Dior SE for EUR 6.0 billion. As of that date, Christian Dior directly and indirectly held 41.0% of the share capital and 56.8% of the voting rights of LVMH SE.

LVMH SE and its subsidiaries are consolidated in the accounts of Christian Dior SE, a public company listed on the Eurolist by Euronext Paris and controlled by Groupe Arnault SE via its subsidiary Financière Agache SA.

As at 31 December 2019, LVMH operated 4,915 stores in 70 countries - Asia (excluding Japan) had the most store locations at 1,453, and accounted for 30.16% (EUR 16,189 million) of total revenue. Europe (excluding France) had the second highest number of store locations at 1,177, but represented the third largest region by revenue behind the United States, accounting for 19.01% (EUR 10,203 million) of total revenue.

LVMH is listed on the Euronext Paris exchange under the symbol BIT:LVHM.

In Euros (EUR)
In Euros (EUR)
In Euros (EUR)

Operating Segments:

Fashion and leather goods - The fashion and leather goods segments brands include Louis Vuitton, Christian Dior Couture, Celine, Loewe, Kenzo, Givenchy, Pink Shirtmaker, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa. In the year end 31 December 2019, the fashion and leather goods segment accounted for 41.30% (EUR 22,164 million) of total revenue.

Selective retailing - The selective retailing business segment comprises Sephora (a beauty retailer), Le Bon Marché (a Paris department store), and travel retailers DFS and Starboard Cruise Services. In the year end 31 December 2019, the selective retailing segment accounted for 27.46% (EUR 14,737 million) of total revenue.

Perfumes and cosmetics - The perfumes and cosmetics segments brands include Christian Dior, Guerlain, Givenchy and Kenzo. LVMH also owns other beauty brands including Benefit, Fresh, Acqua di Parma, Parfums Loewe, Make Up For Ever, Maison Francis Kurkdjian, Fenty Beauty by Rihanna, Kat Von D and Marc Jacobs Beauty. In the year end 31 December 2019, the perfumes and cosmetics segment accounted for 10.69% (EUR 5,738 million) of total revenue.

Wine and spirits - Moët Hennessy SAS and Moët Hennessy International SAS (collectively Moët Hennessy) are the holding companies for LVMH’s wines and spirits businesses, with the exception of Château d’Yquem, Château Cheval Blanc, Domaine du Clos des Lambrays, Colgin Cellars and certain champagne vineyards. The wine and spirits segments brands include Moët & Chandon, Krug, Veuve Clicquot, Hennessy, Château d’Yquem. Clos des Lambrays the oldest brand owned by LVMH, and can trace its origins to 1365, when it was mentioned in the records of the Abbaye de Citeaux. In the year end 31 December 2019, the wine and spirits segment accounted for 10.34% (EUR 5,547 million) of total revenue.

Watches and jewelry - The watches and jewelry segments brands include Bvlgari, Chaumet, Fred, TAG Heuer, Hublot, Zenith and Dior Montres. In the year end 31 December 2019, the watches and jewelry segment accounted for 7.99% (EUR 4,286 million) of total revenue.

Other and holding companies - Other and holding companies include Groupe Les Echos (a French business and cultural news publications), Royal Van Lent (a builder of high-end yachts marketed under the brand name Feadship), and Cheval Blanc (a collection of hotels). In the year end 31 December 2019, the other and holding companies segment accounted for 2.23% (EUR 1,199 million) of total revenue.

Mergers and Acquisitions:

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