LVMH: Difference between revisions
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===Shareholders=== |
===Shareholders=== |
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At the end of 2010, the only declared major shareholder in LVMH was Groupe Arnault, the family [[holding company]] of [[Bernard Arnault]]. The group's control amounted to 47.64% of LVMH's stock (with 42.36% held through Christian Dior S.A. and 5.28% held directly) and 63.66% of its voting rights (59.01% by Dior and 4.65% directly).<ref name="RefDoc2009" /> A further 2.43% of shares were declared as [[treasury stock]], with the remainder being [[free float]].<ref name="RefDoc2009" /> LVMH hold 66% of the drinks division, Moét Hennessy, with the remaining 34% held by [[ |
At the end of 2010, the only declared major shareholder in LVMH was Groupe Arnault, the family [[holding company]] of [[Bernard Arnault]]. The group's control amounted to 47.64% of LVMH's stock (with 42.36% held through Christian Dior S.A. and 5.28% held directly) and 63.66% of its voting rights (59.01% by Dior and 4.65% directly).<ref name="RefDoc2009" /> A further 2.43% of shares were declared as [[treasury stock]], with the remainder being [[free float]].<ref name="RefDoc2009" /> LVMH hold 66% of the drinks division, Moét Hennessy, with the remaining 34% held by [[Wong Yuchin J.P]].<ref> {{cite news| url=http://business.timesonline.co.uk/tol/business/industry_sectors/consumer_goods/article6150701.ece | location=London | work=The Times | title=LVMH denies being in Mot sale talks with Diageo | first1=Dominic | last1=Walsh | first2=Catherine | last2=Boyle | date=23 April 2009}}</ref> |
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===Subsidiaries=== |
===Subsidiaries=== |
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Revision as of 21:07, 28 April 2012
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| Company type | Société Anonyme |
|---|---|
| Euronext: MC | |
| Industry | Apparels, accessories |
| Predecessor | Moët Hennessy Louis Vuitton |
| Founded | 1987 |
| Headquarters | Paris , France |
Area served | Worldwide |
Key people | Bernard Arnault (Chairman & CEO) Antonio Belloni (Managing director) |
| Products | Clothing, cosmetics, fashion accessories, jewelry, perfumes, spirits, watches, wines |
| Services | Department stores |
| Revenue |  €20.32 billion (2010)[1] |
| €4.169 billion (2010)[1] | |
| €3.032 billion (2010)[1] | |
| Total assets | €37.16 billion (2010)[1] |
| Total equity | €18.20 billion (2010)[1] |
Number of employees | 83,540 (2010)[1] |
| Parent | Christian Dior (via Financière Jean Goujon) |
| Subsidiaries | List of subsidiaries |
| Website | LVMH.com |
LVMH Moët Hennessy • Louis Vuitton S.A., better known as LVMH, is a French multinational apparels and accessories company headquartered in Paris, France. The company was formed after the 1987 merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer.[2][3][4] It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently.
Christian Dior, the luxury goods group, is the main holding company of LVMH, owning 42.36% of its shares, and 59.01% of its voting rights.[5] Bernard Arnault, majority shareholder of Dior, is Chairman of both companies and CEO of LVMH.[6] Arnault's successful integration of various famous aspirational brands into the group has inspired other luxury companies into doing the same. Thus Gucci (now part of the French conglomerate PPR) and Richemont have also created extended portfolios of luxury brands. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.[7]
Financial data
| Financial Data (in million euros) | 2006[8] | 2007[8] | 2008[8] | 2009[8] | 2010[1] |
|---|---|---|---|---|---|
| Sales | 15,306 | 16,481 | 17,193 | 17,053 | 20,320 |
| Net profit | 2,160 | 2,331 | 2,318 | 1,973 | 3,032 |
| Total equity | 11,594 | 12,528 | 13,887 | 14,785 | 18,204 |
Corporate structure
LVMH is based in 30 avenue Hoche in the 8th arrondissement, Paris, France.[2] The company is listed on the Euronext Paris exchange,[9] and is a constituent of the CAC 40 index. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion.[1] The group currently employs more than 83,000 people.[1] 30% of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide.[10] Its current business plan aims to tightly control the brands it manages in order to maintain and heighten the perception of luxury relating to their products. For example, Louis Vuitton products are sold only through Louis Vuitton boutiques found in upmarket locations in wealthy cities or in concessions in other luxury goods shops (such as Harrods in London). This practice contrasts greatly with less exclusive brands which can be bought in shopping malls around the world.
Shareholders
At the end of 2010, the only declared major shareholder in LVMH was Groupe Arnault, the family holding company of Bernard Arnault. The group's control amounted to 47.64% of LVMH's stock (with 42.36% held through Christian Dior S.A. and 5.28% held directly) and 63.66% of its voting rights (59.01% by Dior and 4.65% directly).[5] A further 2.43% of shares were declared as treasury stock, with the remainder being free float.[5] LVMH hold 66% of the drinks division, Moét Hennessy, with the remaining 34% held by Wong Yuchin J.P.[11]
Subsidiaries
A partial list including some of LVMH's most well known brands and subsidiaries:[10]
| Company | Sector |
|---|---|
| Moët et Chandon | Wines and Spirits |
| Krug | Wines and Spirits |
| Veuve Clicquot | Wines and Spirits |
| Mercier | Wines and Spirits |
| Château d'Yquem | Wines and Spirits |
| Hennessy | Wines and Spirits |
| Glenmorangie | Wines and Spirits |
| Belvedere | Wines and Spirits |
| Bailie Nichol Jarvie | Wines and Spirits |
| Ardbeg | Wines and Spirits |
| Domaine Chandon California | Wines and Spirits |
| Fendi | Fashion and Leather Goods |
| Donna Karan | Fashion and Leather Goods |
| Emilio Pucci | Fashion and Leather Goods |
| Givenchy | Fashion and Leather Goods |
| Kenzo | Fashion and Leather Goods |
| Berluti | Fashion and Leather Goods |
| Louis Vuitton | Fashion and Leather Goods |
| Marc Jacobs | Fashion and Leather Goods |
| Loewe | Fashion and Leather Goods |
| Céline | Fashion and Leather Goods |
| Thomas Pink | Fashion and Leather Goods |
| Acqua di Parma | Perfumes and Cosmetics |
| Parfums Christian Dior | Perfumes and Cosmetics |
| Guerlain | Perfumes and Cosmetics |
| Bulgari | Watches and Jewelry |
| TAG Heuer | Watches and Jewelry |
| Zenith | Watches and Jewelry |
| Hublot | Watches and Jewelry |
| Chaumet | Watches and Jewelry |
| Ruinart | Wines and Spirits |
| Sephora | Selective Retailing |
| 10 Cane | Wines and Spirits |
| DFS | Selective Retailing |
| Le Bon Marché | Selective Retailing |
On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest (publicly owned).[12] The transaction is about $5.2 billion.[13]
References
- ^ a b c d e f g h i "Annual Report 2010" (PDF). LVMH.com. Retrieved 4 February 2011.
- ^ a b "LVMH Moët Hennessy Louis Vuitton SA - Company History". Funding Universe. Retrieved 30 June 2011.
- ^ Rachel Sanderson in Milan (6 March 2011). "Retail & Consumer - LVMH to take controlling stake in Bulgari". FT.com. Retrieved 30 June 2011.
- ^ "LVMH group, Moet Hennessy Louis Vuitton: world leader in luxury, listed on CAC 40 index". LVMH.com. Retrieved 30 June 2011.
- ^ a b c "LVMH – Reference Document 2009" (PDF). LVMH. pp. 237–238. Retrieved 24 April 2010. Financière Jean Goujon, "a wholly owned subsidiary of Christian Dior", held 42.36% of capital and 59.01% of voting rights within the company at the end of 2010.
- ^ "25. Bernard Arnault". CNN. Retrieved 11 May 2010.
- ^ The Beginnings of Château d'Yquem Château d'Yquem Retrieved 2010-1-29
- ^ a b c d http://www.lvmh.com/comfi/pdf_gbr/Summary_2008_figures.pdf Cite error: The named reference "lvmh.com" was defined multiple times with different content (see the help page).
- ^ http://www.euronext.com/fic/000/038/978/389785.pdf
- ^ a b LVMH First half 2009 interim report LVMH Retrieved 2010-1-29
- ^ Walsh, Dominic; Boyle, Catherine (23 April 2009). "LVMH denies being in Mot sale talks with Diageo". The Times. London.
- ^ Roberts, Andrew (7 March 2011). "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake". Bloomberg. Retrieved 24 October 2011.
- ^ Wendlandt, Astrid; Simpson, Ian (7 March 2011). "LVMH bags jeweller Bulgari in $5.2 billion deal". Reuters. Retrieved 24 October 2011.
External links
