LVMH Moët Hennessy usually known as LVMH group is one of the world’s biggest luxury goods conglomerates and a French holding company. The main parent of 60 sub-companies that each manages a small number of prestigious world famous labels which run autonomously.
The group was formed after mergers brought together champagne producer Moët et Chandon and the leadingmanufacturer of cognac, Hennessy. They merged with fashion house Louis Vuitton in 1987 to form the current group (LVMH ) and was partly owned by the Christian Dior group. Bernard Arnault is Chairman and CEO of the two companies who was successfully integrate various famous aspirational luxury brands as one.
The mission of the LVMH group is to represent the most refined qualities of Western “Art de Vivre” around the world. LVMH must continue to be synonymous with both elegance and creativity. Our products, and the cultural values they embody, blend tradition and innovation, and kindle dream and fantasy.
In view of this mission, five priorities reflect the fundamental values shared by all Group stakeholders:
- Be creative and innovate
- Aim for product excellence
- Bolster the image of our brands with passionate determination
- Act as entrepreneurs
- Strive to be the best in all we do