Louis Vuitton Moët Hennessy has an annual turnover of more than 35 billion euros.
On June 3, 1987, Louis Vuitton Moët Hennessy (LVMH) was founded. Today, the company is the world’s leading manufacturer of luxury products, and is headed by the richest Frenchman, billionaire Bernard Arnault. LVMH was formed by merging Louis Vuitton (a French luxury luggage manufacturer with a long tradition) and Moët Hennessy (which in turn was formed by merging champagne manufacturer Moët & Chandon with cognac manufacturer Hennessy).
Among the many luxury brands that LVMH has acquired to date are: Dom Pérignon (champagne producer), Château Cheval Blanc and Château d’Yquem (wine producers), Dior, Fendi, Givenchy, Kenzo, Loewe and Marc Jacobs ), Bulgari, De Beers, Hublot, TAG Heuer and Guerlain. Louis Vuitton Moët Hennessy now has more than 120,000 employees and an annual turnover of more than 35 billion euros. The company is headquartered in Paris and is registered as a European company (lat. Societas Europaea, abbreviation SE).