LVMH Deep Dive: Buying Quality at a Fair Price

LVMH Moët Hennessy Louis Vuitton is the world’s largest and most influential luxury goods conglomerate. Headquartered in Paris, France, the company was created in 1987 through the merger of two storied French businesses: fashion house Louis Vuitton and wines and spirits producer Moët Hennessy. The group has since evolved into a global empire of prestige, overseeing a portfolio of approximately 75 high-end brands across sectors such as fashion, jewelry, cosmetics, watches, wines and spirits, and selective retail. As of 2024, LVMH operated more than 6,300 stores worldwide and employed around 213,000 people. LVMH reported €84.7 bn in revenue for the year 2024, with €12.6 bn net income, reflecting the strength of its portfolio and pricing power despite global economic headwinds.