LVMH is a publicly owned company headquartered in France. Founded in 1987, the company employs approximately 139,280 individuals. It primarily operates in retail luxury goods and jewelry, and reported $91.4B in revenue as of 2025.
On September 18, 2026, legal documents reviewed by Reuters revealed that LVMH signed a secret agreement in 2002 to acquire shares in rival fashion house Hermès from family heir Nicolas Puech and other founding family members. This revelation contradicts LVMH's previous statements to courts denying consideration of acquiring Puech's Hermès shares, with Reuters documents indicating the group signed an agreement for the purchase of millions of shares with Puech's wealth manager Eric Freymond. Previously, on September 17, Nike Inc. appointed LVMH executive Alexandre Arnault to its Board of Directors, leveraging his experience in luxury brand management, digital transformation, and consumer businesses to strengthen Nike's global brand and consumer relationships. Earlier that day, L’Oréal surpassed LVMH as the most valuable company in France, a development potentially reflecting a "lipstick effect" as consumers shift from typical luxury goods towards accessible luxury purchases amidst the economic climate.
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