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LVMH

French multinational luxury goods conglomerate

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LVMH: French multinational luxury goods conglomerate
LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, is a French multinational holding company and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon and the cognac producer Hennessy. In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000.

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Sales soar at luxury firm headed by world's richest man

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The world's richest man Bernard Arnault has received a boost after his luxury goods company LVMH reported a 17% rise in global sales.
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Elon Musk no longer the richest person in the world

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