LVMH
Overview
Short for "Moët Hennessy Louis Vuitton," LVMH is the world's largest luxury goods holding company. Headquartered in Paris, France, it owns and operates 75 of the most well-known and valuable luxury brands of all time—although it's known for letting its brands maintain creative independence. These companies span an array of industries and include Tiffany & Co., Veuve Clicquot, Fendi, retailers like Sephora, travel companies, and more.
The conglomerate was created when fashion house Louis Vuitton merged with alcohol company Moët Hennessy in 1987, combining their resources to create the sixth-largest publicly traded company on the Paris stock exchange at the time. The companies merged to combine financial resources and prevent takeover attempts by corporate raiders. French businessman Bernard Arnault became LVMH's chairman when he acquired a controlling stake in 1989. Arnault, who was briefly the world's wealthiest person in 2023, still serves as the chairman and CEO as of this writing.
With a market cap of roughly $290B as of early 2026, it typically far outpaces similar luxury holding companies in revenue, including Kering (which owns brands like Gucci and Yves Saint Laurent) and Richemont (the owner of Cartier and Montblanc).
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