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The merger of Moët Hennessy and Louis Vuitton creates LVMH, the world leader in luxury goods. The Group had 10 Maisons, 12,000 employees and sales of 3 billion euros.
In June 1987, a $4 billion merger was effected between Louis Vuitton with Möet-Hennessy, which allowed Louis Vuitton to expand its investments in the luxury business, while saving Möet-Hennessy from the threat of takeover.
In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight.
Louis Vuitton merges with Moet et Chandon and Hennessy to form LVMH - a move which cements the international reputation and influence of the three luxury brands.
Jun 4, 1987 · The merged company - to be called simply Moet-Hennessy Louis Vuitton - expects to have $220 million in net income this year on revenues of $2.2 billion. It will be the sixth-largest company...
Did you know that Louis Vuitton owns many other luxury brands? LV merged with Moët et Chandon and Hennessy in 1987 to form LVMH.
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1987: LVMH was formed through the merger of fashion house Louis Vuitton, champagne and spirits company Moët et Chandon, and cognac manufacturer Hennessy.
