Business Deep Dive: LVMH

conglomerate inserted in the Luxury Goods goods to cosmetic products, including such as Vuitton merged with champagne producer cognac producer Hennessy, forming group The current CEO of LVMH is Bernard Arnault and the company employs 150,000 employees worldwide, having its headquarters located in Paris, France The company is listed on the Euronext Paris exchange, using the ticker MC PA

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In 1984, Bernard Arnault bought Agache-WillotBoussac, a bankrupt holding company that owned two newspapers, livestock, and Dior. Bernard Arnault was not a founder of LVMH, it was the product of a merger between Moet-Hennessy and Louis Vuitton In 1987, the merger occurred, and internal conflicts over control began, resulting in Arnault buying an accumulated 37 5% of LVMH stock, becoming the largest shareholder. As of 2022, Arnault amassed around 48.18% of LVMH shares and 63.9% of voting rights. His ownership of LVMH is constituted by Christian Dior (Arnault owns 97.5% of the company, which owns 41.4% of LVMH) and the Arnault Family Holding company (which directly owns 6 72% of LVMH)

Bernard Arnault began buying various known brands such as Givenchy Fendi, Donna Karan, Marc Jacobs, Sephora, DFS, Bulgari, and TAG Heuer LVMH’s acquisitions continued, now owning 75 brands across five different industries.

LVMH has increased revenue year after year This success is witnessed by its share price, which has increased almost 3-fold since the pandemic, from 311$ on the 15th of March 2020 to reach a high of 829$ on the 3rd of February 2023