- LVMH
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LVMH Moët Hennessy • Louis Vuitton S.A. Type Société Anonyme Traded as Euronext: MC Industry Luxury goods, retail Predecessor Moët Hennessy and Louis Vuitton Founded 1987 Headquarters Paris, France Area served Worldwide Key people Bernard Arnault (Chairman and CEO), Antonio Belloni (managing director) Products Clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches and wines Services Department stores Revenue €20.32 billion (2010)[1] Operating income €4.169 billion (2010)[1] Profit €3.032 billion (2010)[1] Total assets €37.16 billion (2010)[1] Total equity €18.20 billion (2010)[1] Employees 83,540 (2010)[1] Parent Christian Dior (via Financière Jean Goujon) Subsidiaries List of subsidiaries Website lvmh.com LVMH Moët Hennessy • Louis Vuitton S.A., better known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris, Île-de-France, France. The company was formed after the 1987 merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer.[2][3][4] It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently.
Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 42.36% of its shares, and 59.01% of its voting rights.[5] Bernard Arnault, majority shareholder of Dior, is Chairman of both companies and CEO of LVMH.[6] His successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate PPR) and Richemont have also created extended portfolios of luxury brands. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.[7]
Contents
Financial data
Financial Data (in million euros) 2006[8] 2007[8] 2008[8] 2009[8] 2010[1] Sales 15,306 16,481 17,193 17,053 20,320 Net profit 2,160 2,331 2,318 1,973 3,032 Total equity 11,594 12,528 13,887 14,785 18,204 Corporate structure
LVMH is based in 30 avenue Hoche in the 8th arrondissement Paris, Île-de-France, France.[2] The company is listed on the Euronext Paris exchange,[9] and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[1] The group currently employs more than 83,000 people.[1] 30% of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide.[10] Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London). This practice contrasts greatly with less exclusive brands which can be bought in shopping malls around the world.
At the end of 2010, the only declared major shareholder in LVMH was Groupe Arnault, the family holding company of Bernard Arnault. The group's control amounted to 47.64% of LVMH's stock (with 42.36% held through Christian Dior S.A. and 5.28% held directly) and 63.66% of its voting rights (59.01% by Dior and 4.65% directly).[5] A further 2.43% of shares were declared as treasury stock, with the remainder being free float.[5] LVMH hold 66% of the drinks division, Moét Hennessy, with the remaining 34% held by Diageo.[11]
Subsidiaries
A partial list including some of LVMH's most well known brands and subsidiaries:[10]
Company Sector Moët et Chandon Wines and Spirits Krug Wines and Spirits Veuve Clicquot Wines and Spirits Mercier Wines and Spirits Château d'Yquem Wines and Spirits Hennessy Wines and Spirits Glenmorangie Wines and Spirits Belvedere Wines and Spirits Ardbeg Wines and Spirits Domaine Chandon California Wines and Spirits Fendi Fashion and Leather Goods Donna Karan Fashion and Leather Goods Givenchy Fashion and Leather Goods Kenzo Fashion and Leather Goods Berluti Fashion and Leather Goods Louis Vuitton Fashion and Leather Goods Marc Jacobs Fashion and Leather Goods Loewe Fashion and Leather Goods Céline Fashion and Leather Goods Thomas Pink Fashion and Leather Goods Acqua di Parma Perfumes and Cosmetics Parfums Christian Dior Perfumes and Cosmetics Guerlain Perfumes and Cosmetics Bulgari Watches and Jewelry TAG Heuer Watches and Jewelry Zenith Watches and Jewelry Hublot Watches and Jewelry Chaumet Watches and Jewelry Sephora Selective Retailing DFS Selective Retailing Le Bon Marché Selective Retailing On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest (publicly owned).[12] The transaction is about $5.2 billion.[13]
References
- ^ a b c d e f g h i "Annual Report 2010". LVMH.com. http://www.lvmh.com/comfi/pdf/LVMH_RA_2010_GB.pdf. Retrieved 4 February 2011.
- ^ a b "LVMH Moët Hennessy Louis Vuitton SA - Company History". Funding Universe. http://www.fundinguniverse.com/company-histories/LVMH-Moeuml;t-Hennessy-Louis-Vuitton-SA-Company-History.html. Retrieved June 30, 2011.
- ^ Rachel Sanderson in Milan (March 6, 2011). "Retail & Consumer - LVMH to take controlling stake in Bulgari". FT.com. http://www.ft.com/cms/s/0/5f2242ac-4847-11e0-b323-00144feab49a.html. Retrieved June 30, 2011.
- ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index.". LVMH.com. http://www.lvmh.com/fonctionalite/pg_faq_histo.asp. Retrieved June 30, 2011.
- ^ a b c "LVMH – Reference Document 2009". LVMH. pp. 237–238. http://www.lvmh.com/comfi/pdf_gbr/LVMH_-_Reference_Document_2009.pdf. Retrieved 24 April 2010. Financière Jean Goujon, "a wholly owned subsidiary of Christian Dior", held 42.36% of capital and 59.01% of voting rights within the company at the end of 2010.
- ^ "25. Bernard Arnault". CNN. http://money.cnn.com/galleries/2007/fortune/0711/gallery.power_25.fortune/25.html. Retrieved 11 May 2010.
- ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 2010-1-29
- ^ a b c d http://www.lvmh.com/comfi/pdf_gbr/Summary_2008_figures.pdf
- ^ http://www.euronext.com/fic/000/038/978/389785.pdf
- ^ a b LVMH First half 2009 interim report LVMH Retrieved 2010-1-29
- ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). "LVMH denies being in Mot sale talks with Diageo". The Times (London). http://business.timesonline.co.uk/tol/business/industry_sectors/consumer_goods/article6150701.ece.
- ^ Roberts, Andrew (7 March 2011). "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake". Bloomberg. http://www.bloomberg.com/news/2011-03-07/bulgari-family-agrees-to-sell-a-controlling-stake-to-lvmh-in-share-swap.html. Retrieved 24 October 2011.
- ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). "LVMH bags jeweller Bulgari in $5.2 billion deal". Reuters. http://www.reuters.com/article/2011/03/07/us-bulgari-lvmh-idUSTRE7261BS20110307. Retrieved 24 October 2011.
External links
LVMH Moët Hennessy • Louis Vuitton S.A. Annual revenue: €20.320 billion (2010) · Net income: €3.032 billion (2010) · Employees: 83,540 · Stock symbol: Euronext: MC · Website: LVMH.comBoard of directors Albert Frère · Antoine Arnault · Bernadette Chirac · Bernard Arnault · Charles Powell · Charles de Croisset · Delphine Arnault · Diego Della Valle · Felix Rohatyn · Gilles Hennessy · Hubert Védrine · Yves-Thibault de SilguyFashion and leather goods Berluti · Celine · Donna Karan New York (DKNY) · eLuxury · Emilio Pucci · Fendi · Givenchy · Kenzo · Loewe · Louis Vuitton · Marc Jacobs · StefanoBi · Thomas PinkPerfumes and cosmetics Acqua di Parma · BeneFit Cosmetics · Fresh · Guerlain · Kenzo Parfums · Labrosse et Dupont · Make Up For Ever · Parfums Christian Dior · Parfums Givenchy · Perfumes Loewe ·Retailing Le Bon Marché · DFS Galleria · La Samaritaine · Sephora · Miami Cruiseline (Starboard Cruise Services)Watches and jewellery Wines and spirits 10 Cane Rum · Ardbeg · Belvedere · Cape Mentelle · Dom Pérignon · Domaine Chandon · Château d'Yquem · Cloudy Bay Vineyards · Hennessy · Champagne Krug · Champagne Mercier · Moët et Chandon · Mountadam · Newton Vineyard · Ruinart · Veuve Clicquot · Glenmorangie (66%) · WenjunOther Connaissance des Arts · Les Échos · Radio Classique · Royal Van Lent
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Categories:- Companies listed on the Euronext exchanges
- CAC 40 companies
- LVMH Group
- Companies based in Paris
- Retail companies established in 1987
- Conglomerate companies
- History of cosmetics
- Multinational companies headquartered in France
- 1987 establishments in France
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