What is LVMH?
The world leader when it comes to luxury, LVMH Moët Hennessy or LVMH has significantly deployed an exclusive business model marked by dynamic growth ever since its inception in 1987.
LVMH Moët Hennessy is the largest luxury conglomerate in the world with revenue of over €29 billion which is about $40 billion in 2013. The impressive portfolio of the company encompasses five sectors which include cosmetics, perfumes, selective retailing, jewelry, leather and fashion goods, and watches and spirits and wines.
The LVMH group operates in more than 3,000 stores and has more than 110,000 people employed. LVMH is present in more than 50 countries and has consistently acted as the pioneer in emerging and new markets. This is unarguably one of the best luxury conglomerate known in the international market.
A Closer Glimpse on LVMH Company Profile
LVMH Group is a known ecosystem of 70 outstanding Houses that create top quality products. This is the only group that is present in five major sectors of the luxury market. The group brings together highly exceptional Houses, and each of these creates products embodying savor-fair, unique and carefully-preserved heritage and vibrant engagement with stylishness and modernity. These top quality creations make their House ambassadors of uniquely-refined art de Vivre.
The vocation of LVMH is to guarantee the development of every House while at the same time respecting their autonomy and identities and giving them the resources they need to create, produce and finally market their services and products across discreetly chosen channels.
Joining the LVMH Group means entering a community of more than a hundred thousand passionate men and women who represent LVMH fundamental values articulated by the CEO on a daily basis. These values include being innovative and creative, cultivate entrepreneurial spirits and deliver excellence to shape the future of tradition significantly.
Meet the High-Caliber Man behind LVMH
The man behind the helm of luxury’s grandest and largest conglomerate is Bernard Arnault, the CEO. His LVMH Group is sitting to leave an amazing legacy in the fashion industry primarily due to the LVMH’s sheer scale of acquisitions and continuing profitability.
Aside from LVMH, he oversees more investments and holding vehicles. The Groupe Arnault has also invested in Blue Capital, Netflix and took major stake in Carrefour, a French food chain. Additionally, he also invested in Boo.com and many other online ventures.
Bernard Arnault started his career for the manufacturing company of his father. Working for the company in five years, he convinced his father to consider liquidating the construction division and then enter the real estate market. The new company, under the name Férinel, the new company firstly developed specialty holiday accommodations. He became the director in 1974 and in 1977; Bernard Arnault became the Chief Executive. After two years, he succeeded his father as the company president.
From the very beginning even until now, the LVMH Group continues to develop and then offer top of the line products and services to all their brand supporters, avid fans and to all shoppers all over the world.