LVMH (conglomerate)

LVMH  Louis Vuitton Moët Hennessy is a French multinational corporation and company that specializes in luxury goods, with its headquarters in Paris, sometimes known as LVMH.The company was created in 1987 with the merger of fashion house Louis Vuitton (founded in 1854) and cognac producer Moët Hennessy (launched in 1971), which had previously combined with champagne producer Moët & Chandon (founded in 1743) to form the company (founded in 1765). LVMH was valued at $329 billion in 2021, making it the most valuable corporation in Europe. 
Over 60 of LVMH's subsidiaries are in charge of 75 notable luxury brands. Among them are Tiffany & Co, Acqua di ParmaArdbeg distillery, Belmond Limited, Belvedere Vodka, Benefit Cosmetics, Berluti, BITE Beauty, Le Bon Marché Bulgari, Bulgari Hotel and Residences, Caffè-Pasticceria Cova, Cape Mentelle Vineyards, Celine, Champagne Krug, Champagne Mercier, Chaumet, Château Cheval Blanc, Clos des Lambrays, Cloudy Bay Vineyards, Colgin Cellars, Connaissance des Arts, DFS Group, Dior, Dom Pérignon, Domaine Chandon California, Les Echos (France), Feadship, Fendi, Fenty, Fenty Beauty, Fred Joaillier, Gentle Monster, Gerald Genta, Givenchy, Glen Moray distillery, Glenmorangie distillery, Guerlain, Hennessy, Hublot, Investir, Jardin d'Acclimatation, JW Anderson, Kenzo, Lady Dior, Loewe, Loro Piana, Make Up For Ever, Moët & Chandon, Marc Jacobs, Moynat, Newton Vineyard, Off-White, Officine Universelle Buly, OMAS, Parfums Christian Dior, Parfums Givenchy, Le Parisien, Patou, Princess Yachts, Emilio Pucci, Radio Classique, Repossi, Rimowa, Royal Van Lent Shipyard, Ruinart, La Samaritaine, Sephora, Stella McCartney, TAG Heuer, Terrazas de los Andes, Thomas Pink, Tiffany & Co., Veuve Clicquot, Louis Vuitton, Château d'Yquem and Zenith. Under the auspices of six branches—the Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities—the subsidiaries are frequently run autonomously. The Château d'Yquem wine brand, which had its roots in 1593, is the LVMH brand with the longest history. Bernard Arnault - richest French citizen serves as its CEO and chairman. 
As of late 2020, LVMH has the largest market capitalization of any company in France, and also in the Eurozone with a record of 261 billion euros. As of December 2020, Arnault's own fortune amassed due to him holding a 47.5 stake in the company via various entities was estimated as $151.7 billion. In August of 2021 for a short period of time Bernard Arnault held the title of the richest man in the world thanks to recent estimates of his net worth, which was found to be a little over 198 billion $. In 2022 Arnault family net worth was estimated at 158 billion $, which resulted him and his family being listed at third place of Forbes billionaire index behind Elon Musk and Jeff Bezos.
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