LVMH is an acronym for Moët Hennessy & Louis Vuitton. LVMH, headquartered in Paris, France, is known to be one of the largest fashion conglomerates around the globe, managing some 60 brands such as Dior, Kenzo or Fendi. The holding company was established in 1987 when Louis Vuitton merged his business with champagne and whisky producer Moët Hennessy. Since Dior is the biggest shareholder at LVMH, its Chairman Bernard Arnault acts as the CEO of the conglomerate. The two biggest competitors of LVMH are the french jont venture Kering, formerly known as PPR, as well as the swiss holding of Richemont, both managing large luxury brands as well.
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