LVMH

Louis Vuitton Mo?t Hennessy (usually shortened to LVMH) is a quoted French holding company and the world's largest luxury goods conglomerate. It is the parent of around 50 sub-companies that each manage a small number of prestigious brands. The child companies are run, to a large extent, autonomously. The group was formed after mergers brought together champagne producer Mo?t et Chandon and Hennessy, a leading manufacturer of brandy. In 1987, they merged with baggage manufacturer Louis Vuitton to form the current group.

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The group is partly owned by the Christian Dior group, and Bernard Arnault is Chairman and CEO of both companies. His successful integration of various famous brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate Pinault-Printemps-Redoute), Prada and Richemont have also created extended portfolios of luxury brands. The oldest of the LVMH brands is wine producer Ch?teau d'Yquem, which dates its origins back to 1593.

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