What LVMH is, which brands it owns, how big it is and how Bernard Arnault built the world’s largest luxury group.
By Shreya S · Last reviewed 31 October 2026
On this page: The basics · The brands · The people · The Ayerhs view
The basics
What is LVMH?
LVMH Moët Hennessy Louis Vuitton is the world’s largest luxury group, based in Paris. It owns more than 75 brands, which it calls maisons, across fashion, leather goods, wines and spirits, perfume and cosmetics, watches and jewellery, and retail. It is listed on the Paris stock exchange and controlled by the Arnault family.
What does LVMH stand for?
Louis Vuitton Moët Hennessy. The group was formed in 1987 by merging the luggage house Louis Vuitton with Moët Hennessy, the champagne and cognac company.
How big is LVMH?
LVMH had revenue of €80.8 billion in 2025, down 5% on 2024 as the luxury market slowed. Its fashion and leather goods division, led by Louis Vuitton and Dior, brought in €37.8 billion, close to half the total.
The brands
Which brands does LVMH own?
| Division | Main brands |
|---|---|
| Fashion and leather goods | Louis Vuitton, Dior, Celine, Loewe, Fendi, Givenchy, Loro Piana, Kenzo, Berluti, Pucci, Patou, Rimowa |
| Watches and jewellery | Tiffany & Co., Bulgari, Chaumet, TAG Heuer, Hublot |
| Perfume and cosmetics | Parfums Christian Dior, Guerlain, Givenchy Beauty |
| Wines and spirits | Moët & Chandon, Dom Pérignon, Veuve Clicquot, Hennessy |
| Selective retailing | Sephora, DFS, Le Bon Marché |
What is LVMH’s biggest brand?
Louis Vuitton, widely estimated to be the world’s most valuable luxury brand, followed within the group by Dior. LVMH does not publish sales for individual houses.
Has LVMH sold any brands recently?
Yes. In 2026 it sold Marc Jacobs to WHP Global and G-III Apparel for $925 million, and in 2025 Stella McCartney bought back LVMH’s minority stake in her label.
Read on Ayerhs: Who owns what in luxury
The people
Who owns LVMH?
Bernard Arnault, the group’s chairman and chief executive, and his family. In early 2026 his stake passed 50% of the shares, with the family holding about two-thirds of the voting rights. The rest is owned by public shareholders.
How did Bernard Arnault build LVMH?
Arnault, a French businessman who first took over the textile group that owned Christian Dior in the 1980s, gained control of LVMH in 1989. He then bought heritage houses, hired star designers such as John Galliano at Dior and Marc Jacobs at Louis Vuitton, and grew the group into a global empire through deals including Bulgari (2011) and Tiffany (2021).
Who will run LVMH after Bernard Arnault?
No successor has been named. All five of Arnault’s children hold senior roles in the group, and in 2025 shareholders raised the age limit for the chief executive to 85, allowing him to stay on for several more years.
The Ayerhs view
Why does LVMH matter to fashion?
Because its choices shape the whole industry: who designs the biggest houses, what luxury costs and what the rest of the market copies. Understanding LVMH is the quickest way to understand modern luxury.
Read on Ayerhs: The Rise of Fashion Conglomerates · What is Kering? · What is Richemont?
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