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The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765).
Moët & Chandon merged with Hennessy Cognac in 1971 and with Louis Vuitton in 1987 to become LVMH (Louis-Vuitton-Moët-Hennessy), the largest luxury group in the world, netting over 16 billion euros in fiscal 2004.
Oct 21, 2020 · Did you know that Louis Vuitton owns many other luxury brands…and not just within fashion? In 1987, Louis Vuitton merged with Moët et Chandon and Hennessy to form LVMH, which currently boasts a portfolio of 75 profitable names, including none other than Dom Pérignon, Sephora, Fendi, and Rimowa.
LVMH was created in 1987 through the merger of Moët Hennessy and Louis Vuitton, ushering in a new era for the luxury industry. Bernard Arnault has led the Group since 1989 and is the majority shareholder, pursuing a clearly focused vision: make LVMH the world leader in luxury.
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.
May 28, 2024 · Moët Hennessy itself was the product of a merger between Moët & Chandon—producer of luxury champagne brand Dom Perignon—and cognac maker Hennessy in 1971. Though LVMH has been in existence in...
Jul 10, 2024 · LVMH began in 1987 when Henri Recamier, then the head of Louis Vuitton, announced the merger of his company with Moët Hennessy. The latter was itself a merger, formed in 1971 between Moët & Chandon, a historic producer of champagne known especially for Dom Perignon, and Hennessy, a leading producer of cognac.
