Lvmh News: Latest Updates & Trends

LVMH Moët Hennessy Louis Vuitton SE, the French luxury goods conglomerate, stands as a global powerhouse. Founded in 1987 through the merger of Louis Vuitton and Moët Hennessy, the company’s history traces back to the 18th century with its constituent brands. In April 2023, LVMH achi...

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Company type Public (Societas Europaea)
Industry Luxury goods
Founded 3 June 1987
Founders Alain Chevalier, Henry Racamier
Headquarters 22 Avenue Montaigne, Paris, France
Area served Worldwide
Key people Bernard Arnault
Services Department stores
Revenue €86.2 billion (2023) +9 %
Net income €15.17 billion (2023)
Number of employees 213,000 (2023)
Subsidiaries List of subsidiaries
Website www.lvmh.com

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LVMH history

Last Updated : 24/03/25, 09:23 PM

LVMH: A Luxury Conglomerate's Rise Formed in 1987 from the merger of Moët Hennessy and Louis Vuitton, LVMH's trajectory has been defined by strategic acquisitions and shrewd leadership. Bernard Arnault's ascension to control marked a pivotal moment, shaping the conglomerate's expansive portfoli...

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LVMH NEWS

LVM3 commercialisation is a big step forward, at right time for India, say experts

May 27, 2024 4:37 pm

According to the offer, ISRO’s plan is to have a 14-year collaboration with the selected private entity.

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Gaganyaan: From astronauts' training to tech upgrade, ISRO making leaps to meet 2025 target for manned mission

April 09, 2023 7:26 am

The Gaganyaan Mission will be undertaken from the second launch pad at the country’s only spaceport in Sriharikota. The selected astronauts have completed the first semester of the mission-specific training in India, after completing a generic training for spacefaring in Russia.

Dior rebuilds historic Paris address into sprawling flagship, museum

March 11, 2022 1:46 pm

The newly expanded complex stretches over 10,000 square meters (107,640 square feet), with cafes, gardens, a restaurant and a private apartment for overnight visits from VIP clients, in addition to floors of retail space stocked with clothing, accessories, tableware and makeup.

New study reveals fashion brands linked to Amazon rainforest destruction

December 01, 2021 1:33 pm

Brands like Nike, Zara, Marks & Spencer are at high risk of using deforestation leather, one of the largest contributors of destruction to the rainforest

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This European luxury billionaire lost the most money in COVID-19 pandemic

May 08, 2020 5:29 pm

Bernard Arnault's wealth has plunged. With LVMH shares down 19% this year, his net worth has shrunk by more than $30 billion -- losing more money than any other individual in the world, according to the Bloomberg Billionaires Index.

In biggest deal in luxury sector, LVMH close to buying Tiffany for $16.7 bn

November 25, 2019 12:05 pm

The companies were putting the finishing touches on the deal Sunday afternoon, with the boards of both companies meeting to approve it. They hope to announce it Monday morning.

Sonam Wangchuk's wife and activist Gitanjali Angmo.

‘State hounding us, we’re under surveillance’: Sonam Wangchuk’s wife writes to President

India8 hr ago

Wangchuk's wife, Gitanjali Angmo, has sent a representation to the President of India seeking his immediate release after being detained by police under the National Security Act. She questions the legality of his detention and the violation of his fundamental rights. Angmo also alleges a "witch hunt" against her husband and urges for his unconditional release.

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