He worked with Alain Chevalier, CEO of Moët Hennessy, and Henri Racamier, president of Louis Vuitton, to form LVMH. In the 1990s, French Investor Bernard Arnault had the idea to create a group of luxury brands. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. These include Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, and Bulgari. LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. In 2021 with a valuation of $329 billion, LVMH became the most valuable company in Europe. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). LVMH Moët Hennessy Louis Vuitton ( French pronunciation: ), commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris, France.
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