LVMH Group is a
conglomerate of
luxury goods producers and retailers. It is
the most
dominant player in the
luxury goods industry.
Revenues increased
to almost $17 billion in 2005. The company has close to 55,000
employees
all over the world (2004).
The strong man of the company is Bernard Arnault, who
bought one fourth of the company in 1987, and then rose to the CEO spot in
1990. He is pretty much the man behind the company's extraordinary success the
last few years, and at age 49, he is good for some $3+ billion. LMVH even
owns 20% of Gucci, one of the biggest rivals in the fashion industry with $1
billion in revenues (1999).
Companies and brands include:
Clothing Accessories and other
Christian Lacroix TAG Heuer - Luxury watches
Kenzo Louis Vuitton - Luggage, accessories and leather
Donna Karan Zenith - Swiss timepieces
Givenchy Ebel - Luxury watches
Christian Dior Loewe - Leather bags, accessories, clothes, perfumes
Céline Berluti - Italian shoes
Thomas Pink Omas - Distinguished pencils
Fred - Jewelery and watches
Cosmetics
Parfums Christian Dior
Parfums Givenchy Wine and liquours
Kenzo Parfums Moët & Chandon - Champagnes Dom Pérignon, Mercier and Ruinart
Guerlain Hennessey - cognac
Hard Candy Veuve Clicquot - Champagne
Make Up For Ever Pommery - Champagne
Urban Decoy Chateau d'Yquem - Arguably world's most prestigious wines
Benefit Cosmetics Père Magloire - Calvados
Other cosmetics and fashion
Bliss - Spas and cosmetics Retail
Fresh - Cosmetics/accessories DFG - Luxury retail stores
Le Bon Marché - Luxury department stores
Sephora - Departement stores
Media
DI Group - Radio, magazines Auctions and antiques
and newspapers L'Etude Tajan - third largest after Christie's and Sotheby's
Phillips - antiques and jewelery