Have you ever wondered if Moët Hennessy owns Louis Vuitton? Well, the answer is not as straightforward as you might think.
First, let’s take a closer look at these two iconic brands.
Moët Hennessy is a subsidiary of the luxury goods conglomerate LVMH (Louis Vuitton Moët Hennessy). It was created in 1987 through the merger of Moët et Chandon and Hennessy, both of which were already owned by the holding company. Today, Moët Hennessy includes more than 20 prestigious wine and spirits brands, such as Dom Pérignon, Krug, and Glenmorangie.
On the other hand, Louis Vuitton is a fashion house founded in 1854 by Louis Vuitton himself. The brand started by producing high-quality trunks and luggage before expanding to other leather goods and eventually becoming one of the world’s most recognizable luxury brands. In addition to its flagship LV monogrammed bags, Louis Vuitton also offers clothing, accessories, jewelry, and perfumes.
So now that we know what each company does let’s dive into whether or not Moët Hennessy owns Louis Vuitton.
The short answer is no – LVMH owns both Moët Hennessy and Louis Vuitton. However, it’s important to note that LVMH is not just limited to these two brands. It also owns numerous other luxury labels such as Christian Dior, Fendi, Givenchy, Celine and Bulgari among others.
LVMH was founded in 1987 by billionaire businessman Bernard Arnault who has been instrumental in building up the group’s portfolio over the years. Today it stands as one of the most valuable luxury goods companies in the world worth over $300 billion according to Forbes.
So while Moët Hennessy and Louis Vuitton are both part of the larger LVMH family, they operate as separate entities with their own distinct identities. Moët Hennessy focuses on producing and distributing fine wines and spirits, whereas Louis Vuitton is all about fashion and luxury goods.
In conclusion, Moët Hennessy does not own Louis Vuitton, but both brands are under the umbrella of LVMH. With its impressive stable of luxury labels, LVMH is one of the most powerful players in the industry.