Moët Hennessy - Louis Vuitton (LVMH) Overview
Company Headquarters: Paris, France
Founded: 1971
Workforce: 1,56,000
Company Working: Moët Hennessy - Louis Vuitton (LVMH) is a diversified luxury goods group. The company produces and sells wine, cognac, perfumes, cosmetics, luggage, and watches and jewelry. It serves customers through a vast online network. It also comprises a unique portfolio of over 70 prestigious brands. The LVMH selective retailing sector covers four corners of the world with Sephora, DFS, La Grande Épicerie, Le Bon Marché, and Starboard Cruise Services. It has a retail network of over 4,910 stores worldwide. The company’s subsidiary, Sephora, is a French multinational chain of personal care and beauty stores, featuring nearly 300 brands, along with its private label.
Strategy
LVMH focuses on expanding its business unit with new product developments and successful launches in the coming years. It focuses on optimizing the cost of capital based on market conditions and invests in untapped markets. The company strives to build an efficient capital structure and strong shareholder returns by enhancing its product portfolio.
