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Lvmh Moet Hennessy Louis Vuitton Inc., commonly known as LVMH, is a French multinational luxury goods conglomerate, controlled and chaired by Bernard Arnault. It was established in 1987 following the merger of Moët Hennessy and Louis Vuitton. Over the years, it has become one of the world's largest conglomerates in the luxury goods industry. The company owns over 70 brands spread across fashion, fragrances, jewelry and watches - including Dior, Bulgari, Givenchy and Fendi - as well as wines & spirits (such as Moët & Chandon) and retail stores (Sephora). Apart from its own brands, LVMH also has ventures with other companies like Rimowa GmbH or TAG Heuer SA. As of 2020, its combined market cap is $263 billion USD making it one of Europe’s biggest publicly listed companies. In terms of sales revenue and profits reported to date, LVMH ranks first among all competitors in global luxury goods industry.