LVMH Moët Hennessy Louis Vuitton (Euronext Paris: MC.PA)

LVMH Mou00ebt Hennessy Louis Vuitton is the world's largest luxury goods conglomerate, home to 75 prestigious brands including Louis Vuitton, Dior, Fendi, Givenchy, Tiffany & Co., Bulgari, TAG Heuer, Mou00ebt & Chandon, Hennessy, and Sephora. Bernard Arnault, the company's chairman and the world's richest (or second-richest) person, built LVMH through decades of acquisitions. Annual revenue exceeds u20ac86 billion.

LVMH sells luxury goods across six divisions: Fashion & Leather Goods (Louis Vuitton, Dior u2014 the profit engine), Wines & Spirits (Mou00ebt, Hennessy), Perfumes & Cosmetics, Watches & Jewelry (Tiffany, Bulgari), Selective Retailing (Sephora, DFS), and Other Activities. Louis Vuitton alone generates estimated operating margins above 40%. The luxury model relies on brand exclusivity, controlled distribution, and consistent price increases.

LVMH was formed in 1987 from the merger of Louis Vuitton and Mou00ebt Hennessy. Arnault took control in a hostile takeover in 1989. The Tiffany & Co. acquisition for $15.8 billion in 2021 was the largest luxury deal ever. Arnault has systematically acquired and revitalized luxury brands for over three decades. His net worth has exceeded $200 billion, making him the richest person in Europe and periodically the richest in the world.