What are the LVMH subsidiaries?

LVMH is a French multinational corporation and conglomerate with a focus on luxury goods. The company, which is officially known as LVMH Moët Hennessy Louis Vuitton, was founded in 1987 by Bernard Arnault, Alain Chevalier, and Henry Racamier.  Arnault, a French investor, had the idea to create a luxury brand group from the outset. To realize this vision, he collaborated with the CEO of Moët Hennessy Alain Chevalier and the president of Louis Vuitton Henry Racamier. The integration of these aspirational brands was ultimately successful and has been replicated by other companies in the industry. At the time of writing, LVMH operates 75 subsidiaries which it calls houses across six core sectors: wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, selective retailing, and other activities.

Parfums Christian Dior

Parfums Christian Dior is the perfumery, makeup, and skincare line of French fashion house Christian Dior SE which was founded in 1946 and is now chaired by Bernard Arnault.

The first product to be released was a women’s perfume, but in more recent times the subsidiary has started selling men’s fragrances and a greater variety of cosmetics. These include foundations, concealers, mascara, brushes, and lipstick.

Dom Pérignon

Dom Pérignon is a vintage champagne brand that was named after the Benedictine monk and cellar master who was a pioneer of blending grapes to improve wine quality.

The quality and pedigree of Dom Pérignon are such that the wine will not be produced in years considered to be poor vintages. LMVH assumed control over the company when it acquired fellow wines and spirits house Moët & Chandon.

Chaumet

Chaumet is a luxury jeweler and watchmaker that was founded in 1780 by Marie-Étienne Nitot. With over 240 years of craftsmanship experience and an impressive list of clientele, the company has seen expansion into Asia with a particular focus on the Chinese market.

LVMH acquired Chaumet in 2012.

DFS

One of the less well-known LVMH subsidiaries is luxury product travel retailer DFS. 

The company, which was founded in Hong Kong in 1960, operates over 400 duty-free stores across 15 major airports and 18 popular travel destinations.

In addition to high-end products, DFS also sells premium services such as a beauty concierge and exclusive airport lounge access.

Royal Van Lent

Royal Van Lent is a Dutch manufacturer of luxury yachts that was founded as an association of families to revive the industry after World War II. One of these families was the Van Lent family, who owned a shipyard many years beforehand and consistently produced fast yachts that won speed races.

The company was awarded its royal charter in 2001, with LVMH acquiring it seven years later. Royal Van Lent’s signature Feadship Tango superyacht was released in 2011 and retailed for approximately $120 million.

Key takeaways:

  • LVMH is a French multinational corporation and conglomerate with a focus on luxury goods. At the time of writing, LVMH operates 75 subsidiaries which it calls houses across six core sectors.
  • Parfums Christian Dior is a men’s and women’s cosmetic company owned by LVMH, while the famous champagne brand Dom Pérignon also came under the company umbrella after it acquired fellow wines and spirits brand Moët & Chandon.
  • Some lesser-known LVMH subsidiaries include luxury watch and jewelry maker Chaumet, premium duty-free product and service provider DFS, and Dutch yacht manufacturer Royal Van Lent.

Read Next: LVMH Business Model, Kering Business Model, Prada Business Model.

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