In 1987, Moët Hennessy and Louis Vuitton merged to create LVMH. As a result of different visions for the future of the merged entity, Alain Chevalier and Henry Racamier, the respective leaders of the predecessor firms, started to fight. Racamier invited Bernard Arnault to invest in LVMH.

Dec 12, 2024 · Over the past few decades, LVMH has not only expanded its portfolio but has also solidified its position as a leader in the global luxury market. This article explores the growth trajectory of LVMH, its market share, and its profitability to date.

Jan 28, 2025 · LVMH’s champagne houses maintained their market share of more than 22% of all Champagne-appellation shipments. Revenue for Hennessy cognac was held back by weaker local demand. In Provence rosé wines, Château d’Esclans stepped up its international expansion.

LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, has become a titan in the luxury goods industry through a series of strategic acquisitions spanning nearly four decades. This article delves into the company’s most significant purchases, exploring how each acquisition has contributed to LVMH’s growth and dominance in the global ...

Jan 26, 2023 · LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €79.2 billion in 2022 and profit from recurring operations of €21.1 billion, both up 23%. All business groups achieved significant organic revenue growth over the …

Jan 29, 2025 · Tesla said on Thursday it is recalling 46,096 Cybertruck vehicles in the U.S. over an exterior panel that can detach while driving, after more than six call-backs for the pickups last year. LVMH...

Apr 30, 2024 · LVMH also focuses on global market expansion, which has allowed it to effectively reach consumers and adapt to market changes, contributing to its persistent growth. An acquisition would capitalize on market trends in the growing high-end furniture sector and harness LVMH’s expertise in luxury.

Jul 23, 2024 · Profit from recurring operations for the first half of 2024 came to €10.7 billion, equating to an operating margin of 25.6%, significantly exceeding pre-Covid levels. Exchange rate fluctuations had a substantial negative impact on the half-year period. The Group share of net profit amounted to €7.3 billion.

Oct 12, 2023 · Asia disappointed with only 11% organic growth in the third quarter after advancing 23% year-over-year through the first half of 2023. LVMH depends on Asia for nearly one-third of its revenues.

Jan 29, 2025 · Luxury giant LVMH is considering expanding its production in the United States, CEO Bernard Arnault revealed, highlighting the country’s "wind of optimism" compared to the "cold shower" of higher...