societas europaea traded as euronext mc industry conglomerate luxury goods predecessor mo t & chandon hennessy and louis vuitton founded 1987 ; 29 years ago 1987 headquarters paris france area served worldwide key people bernard arnault chairman & ceo antonio belloni managing director products clothing cosmetics fashion accessories jewelry perfumes spirits watches wines services department stores revenue 35.664 billion 2015 1 operating income 6.384 billion 2015 1 profit 4.001 billion 2015 1 total assets 57.6 billion 2015 1 total equity 25.8 billion 2015 1 number of employees 120 000 2015 1 parent christian dior se via financi re jean goujon subsidiaries list of subsidiaries website lvmh.com lvmh mo t hennessy louis vuitton se better known as lvmh is a european multinational luxury goods conglomerate native of france and headquartered in paris . the company was formed by the 1987 merger of fashion house louis vuitton with moet hennessy a company formed after the 1971 merger between the champagne producer mo t & chandon and hennessy the cognac manufacturer . 2 3 4 it controls around 60 subsidiaries that each manage a small number of prestigious brands . the subsidiaries are often managed independently . the oldest of the lvmh brands is wine producer ch teau d yquem which dates its origins back to 1593 . 5 christian dior the luxury goods group is the main holding company of lvmh owning 40.9 % of its shares and 59.01 % of its voting rights . 6 bernard arnault majority shareholder of dior is chairman of both companies and ceo of lvmh . 7 arnault s successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same . thus the french conglomerate kering formerly named ppr and the swiss based richemont have also created extended portfolios of luxury brands . the company is a component of the euro stoxx 50 stock market index . 8 contents 1 financial data 2 corporate structure 2.1 shareholders 2.2 subsidiaries 3 patronage 4 references 5 external links financial data edit financial data in million euros 2006 9 2007 9 2008 9 2009 9 2010 10 2011 2012 2013 2014 2015 sales 15 306 16 481 17 193 17 053 20 320 23 659 28 103 29 016 30 638 35 664 net profit 2 160 2 331 2 318 1 973 3 032 3 065 3 909 3 947 6 105 4 001 total equity 11 594 12 528 13 887 14 785 18 204 23 512 25 666 27 907 23 003 25 799 during the first half of 2015 lvmh recorded strong results in europe and united states . the revenue of the groupe increased of 19 per cent . 11 corporate structure edit lvmh is based in 20 avenue hoche in the 8th arrondissement paris france . 2 the company is listed on the euronext paris exchange 12 and is a constituent of the cac 40 index . as of 2010 the group had revenues of 20.3 billion with a net income of just over 3 billion . 10 by the 29 february 2016 the company had a share value of 78 126 million euros distributed in 506 980 299 shares . in 2013 with revenue of 21 7 billion lvmh is ranked first luxury goods company in deloitte global powers of luxury goods report . 13 the group currently employs more than 83 000 people . 10 thirty percent of lvmh s staff work in france . lvmh operates over 2 400 stores worldwide . 14 its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products . for example louis vuitton products are sold only through louis vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops such as harrods in london . shareholders edit at the end of 2010 the only declared major shareholder in lvmh was groupe arnault the family holding company of bernard arnault . the group s control amounted to 47.64 % of lvmh s stock with 42.36 % held through christian dior se and 5.28 % held directly and 63.66 % of its voting rights 59.01 % by dior and 4.65 % directly . 15 a further 2.43 % of shares were declared as treasury stock with the remainder being free float . 15 lvmh holds 66 % of the drinks division mo t hennessy with the remaining 34 % held by diageo . 16 subsidiaries edit a partial list including some of lvmh s best known brands and subsidiaries 14 17 wines and spirits 10 cane ardbeg belvedere ch teau cheval blanc ch teau d yquem cloudy bay vineyards dom p rignon domaine chandon california hennessy glenmorangie krug mercier mo t & chandon ruinart veuve clicquot wenjun 18 specialist retailing dfs le bon march sephora starboard cruise services fashion and leather goods berluti c line dior edun emilio pucci fendi givenchy kenzo marc jacobs moynat loewe loro piana louis vuitton nicholas kirkwood thomas pink r. m. williams perfumes and cosmetics acqua di parma benefit cosmetics llc fendi perfumes fresh inc. guerlain kenzo parfums perfumes loewe s.a. make up for ever marc jacobs beauty nude parfums christian dior parfums givenchy watches and jewelry bulgari chaumet de beers diamond jewellers fred hublot tag heuer zenith make up for ever was established in 1984 . 19 and was acquired by lvmh in 1999 . 20 on 7 march 2011 lvmh announced the acquisition of the 50.4 % family owned shares of the italian jeweller bulgari and the intention to make a tender offer for the rest which was publicly owned . 21 the transaction was about 5.2 billion . 22 in 2011 lvmh invested 640 million in establishing lcapitalasia . 23 on 7 march 2013 national business daily reported that mid priced clothing brand qda would open stores with the assistance of lvmh s private equity lcapitalasia and the chinese apparel company xin hee co. ltd. in beijing . 23 in 2011 lvmh invested 640 million in establishing lcapitalasia . 23 lvmh sales decreased by about 10 percent from in 2011 in china and lvmh stopped opening stores in second and third tier cities in mainland china . 23 xue shengwen a senior researcher at chinaventure said the developing trend of the market is to take advantage of more acceptable prices . 23 in february 2014 lmvh entered into a joint venture with the italian fashion brand marco de vincenzo taking a minority 45 % stake in the firm . 24 25 patronage edit lvmh is a major patron of art in france . the group supported about ten exhibitions as le grand monde d andy warhol 26 and picasso et les ma tres 27 at le grand palais in paris . lvmh also endorsed the patronage of l atelier d alberto giacometti and yves klein at centre georges pompidou . since 2005 when the lvmh flagship store opened in paris at 3 avenue george v 75008 the company presented close collaboration with contemporary artists . 28 features included a light sculpture by american james turrell a 20 metre 65 feet long travelling staircase showcasing the work of american video artist tim white sobieski and an elevator linking the store to the top floor by iceland s olafur eliasson . 29 in 2006 gallery space was inaugurated on the second floor of the same building and named espace culturel . 30 ic nes was one of the first exhibitions . 31 shigeru ban sylvie fleury zaha hadid bruno peinado andr e putman ugo rondinone james turrell tim white sobieski and robert wilson were the nine artists invited by louis vuitton to participate in it . in addition lvmh foundation created the young creators lvmh award an international competition opened to french and international beaux arts students . 32 each year six grants are allocated to the winners . in november 2013 lvmh created the lvmh young fashion designer prize which comes with a 300 000 grant with a year of mentoring and is the brainchild of delphine arnault . 33 the first winner will be chosen in 2014 . 33 in february 2014 20 finalist for the prize were shown in london such as simone rocha thomas tait meadham kirchhoff marques almeida j js lee and others . 34 in may 2015 marques almeida was announced as the second winner . 35 lvmh underwrites other fashion competitions including the andam prize in france the international festival of fashion and photography in hy res france an investment fund for young designers created by the french ministry of culture and communication and a scholarship program and sponsored lecture theater at central saint martins in london . 33 the group also lends stradivarius violins to young talented musicians . maxim vengerov and laurent korcia have used the instruments . references edit a b c d e f annual report 2015 pdf . lvmh.com . retrieved 4 february 2016 . a b lvmh mo t hennessy louis vuitton sa company history . funding universe . retrieved 30 june 2011 . rachel sanderson in milan 6 march 2011 . retail & consumer lvmh to take controlling stake in bulgari . ft.com . retrieved 30 june 2011 . lvmh group moet hennessy louis vuitton world leader in luxury listed on cac 40 index . . lvmh.com . retrieved 30 june 2011 . the beginnings of ch teau d yquem ch teau d yquem retrieved 29 january 2010 organizational chart as of april 30 2013 . dior . archived from the original on 17 december 2013 . retrieved 12 april 2016 . 25 . bernard arnault . cnn . retrieved 11 may 2010 . frankfurt stock exchange a b c d a solid performance in a contrasting economic environment pdf . lvmh . retrieved 12 december 2012 . a b c annual report 2010 pdf . lvmh.com . retrieved 4 february 2012 . singh prachi july 29 2015 . lvmh h1 revenues rise 19 percent . fashionunited . retrieved july 30 2015 . lvmh . european equitites . retrieved 12 december 2012 . deloitte global powers of luxury goods 2014 report a b lvmh first half 2009 interim report lvmh retrieved 29 january 2010 a b lvmh reference document 2009 pdf . lvmh . pp. 237 238 . retrieved 24 april 2010 . . walsh dominic ; boyle catherine 23 april 2009 . lvmh denies being in mot sale talks with diageo . the times . london . financial documents lvmh 2012 wenjun . lvmh.com . 2016 . retrieved 12 april 2016 . wellington elizabeth 2013 08 01 . mirror mirror joy make up for ever comes to king of prussia . philly.com . retrieved 2013 12 03 . dany sanz pionni re du make up . elle.fr . retrieved 2013 12 03 . roberts andrew 7 march 2011 . lvmh plans to buy bulgari for 5.2 billion after acquiring majority stake . bloomberg . retrieved 24 october 2011 . wendlandt astrid ; simpson ian 7 march 2011 . lvmh bags jeweller bulgari in 5.2 billion deal . reuters . retrieved 24 october 2011 . a b c d e kang xiaoxiao march 7 2013 . lvhm investing in chinese mid priced clothing market . morning whistle . retrieved 2013 05 10 . astrid wendlandt 24 february 2014 . lvmh invests in italian brand marco de vincenzo . reuters . socha miles 24 february 2014 . lvmh takes stake in marco de vincenzo . wwd . retrieved 24 february 2014 . pr sentation de l expo warhol rmn.fr lvmh m c ne de l exposition rmn.fr exclusively for the champs elysees . blouinartinfo . espace culturel . louis vuitton s est associ neuf cr ateurs . prix lvmh des jeunes cr ateurs artefact paris a b c miles socha 21 november 2013 . lvmh to establish global fashion prize . wwm . retrieved 21 november 2013