LVMH is the abbreviation for the French luxury goods group Louis Vuitton Moët Hennessy SA. This group is considered the largest luxury goods conglomerate worldwide. The Chairman of the Board and, and majority shareholder with 60% equity, is Bernard Arnault.
The core business areas of the company are wine and spirits (20%), fashion and leather goods (34%), perfume and cosmetics (16%), Selective Retailing (duty-free shops, 25%) as well as watches and jewelery (5%). Examples of well-known brands are Christian Dior (Perfume), Louis Vuitton (leather), Zenith (watches), TAG Heuer (watches), Chaumet (jewelery), Dom Pérignon, Moët & Chandon (champagne). The most important markets for LVMH are the U.S., followed by France and Japan.