As a family-owned group, Moët Hennessy Louis Vuitton (LVMH) respects each Maison’s unique identity, rich tradition and exceptional expertise, and is dedicated to promoting the long-term development of each Maison. . Bernard Arnault, the visionary CEO and chairman of Louis Vuitton and known as the world’s richest man, shares an emotional lunch with his five children every month and continues to show off his vast luxury empire. Assessing readiness to lead. The company has achieved impressive wins in the luxury goods industry and has strong momentum for the future. This emotional journey is evidenced by the rapid rise in the share prices of affiliated companies, evidence of the successful transformation of each brand acquired by LVMH. LVMH leveraged its deep financial resources to successfully revitalize these brands, paving the way for solid and steady growth. Let’s dig deeper into this impressive journey. A sustainable fashion choice to rule 2025: gently used luxury bags.
LVMH’s journey to embrace more brands
Moët Hennessy Louis Vuitton (LVMH) is a French multinational company specializing in luxury brands. LVMH was founded in 1987 and was created through the merger of two major companies: Louis Vuitton and Moët Hennessy. Since its inception, the company has quickly become a leading player in the luxury goods sector. Just two years later, in 1989, LVMH expanded its portfolio by acquiring iconic brands such as Givenchy, Dior, Dom Pérignon, and Veuve Clicquot.
The 1990s were a period of aggressive growth for LVMH. In 1993, the company acquired ownership of Kenzo and Berluti, investors in the luxury sector. The following year, they added the prestigious perfume company Guerlain to their brand. LVMH continued this trend with the acquisition of famous jeweler Fred in 1995, and added Celine and Loewe in 1996. The highlight of 1998 was the significant strengthening of the portfolio with the addition of several major brands such as Marc Jacobs, Sephora and DFS. Sneaker trends you can expect to see everywhere in 2025.
1999 was a particularly busy year for LVMH, as the company strengthened its position in the luxury goods market by acquiring various brands. This includes luxury brands such as Tag Heuer, Krug, and Chaumet (high-end jewelry stores), as well as cosmetics brands such as Benefit and Make Up For Ever. The company also added historic watchmaker Zenith to its extensive roster.
As the new millennium approaches, LVMH continues its buying spree. In 2000, it acquired Roshimada, famous for its luxury shoes, along with Pucci, known for its bright prints. The following year, iconic Italian fashion house Fendi and classic Italian fragrance brand Acqua di Parma joined the LVMH brand family.
In 2002, the company further diversified with the acquisition of Belvedere, a premium vodka brand. This momentum continued in 2004, when LVMH acquired two well-known whiskey brands, Glenmorangie and Ardbeg, signaling a strategic expansion into the drinks sector.
The acquisition drive continued in 2007 when LVMH acquired Les Echos, a leading French business newspaper, demonstrating the company’s diverse interests. The extravagant expansion didn’t end there. In 2008, the company acquired luxury watchmaking giant Hublot and reputable brand Van Cleef & Arpels. In 2009, the portfolio was further strategically strengthened with an investment in the traditional bag brand Moynat.
Acquisitions followed, with iconic Italian jeweler Bulgari joining the group in 2011. LVMH’s expansion was reinforced in 2013 with strategic acquisitions including cashmere house Loro Piana, Coya and designer Nicholas Kirkwood.
In 2015 they acquired Repossi, further strengthening their position in the fine jewelry sector, and also acquired Le Parisien, a prominent French newspaper. The company’s ambitious trajectory continued in 2016 with the acquisition of Rimowa, known for its high-quality luggage.
In the years that followed, LVMH expanded into the beauty and fashion industry, acquiring brands such as Patou in 2018 and launching Fenty Beauty, a groundbreaking line co-developed with Rihanna, in 2019. The luxury conglomerate reached a real new milestone in 2020. Acquisition of Tiffany & Co., a well-known company in the jewelry field.
In 2021, LVMH added Off-White, a contemporary streetwear brand founded by designer Virgil Abloh, and Efficine Universelle Beauly, which specializes in artisanal beauty products, to its impressive collection. The company’s latest move in 2022 was the acquisition of Pedemont Group, further strengthening its diverse portfolio.
LVMH’s incredible journey from a measly €3 billion in revenue to a staggering €79 billion is a testament to the company’s strategic foresight and relentless pursuit of excellence in the luxury goods industry. The company continues to redefine luxury with each acquisition and innovation, solidifying its position as a market leader.
(The above article was first published on latestly on Jan 06, 2025, 9:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, stay tuned to our Please log on to the website lately.com).
