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 11, 2026, LVMH chairman Bernard Arnault fell out of the top 10 list of the world's wealthiest individuals, leaving the ranking dominated by American tech billionaires. Earlier the same day, LVMH awarded its Asia-Pacific region media assignment to Publicis Groupe. This account, valued at an estimated $780 million annually, represents the largest single portion of the firm's $2 billion media spending budget. The shift, which occurred without a pitch from WPP Media, becomes effective January 2027 and covers all markets in the region except Japan, which remains with Dentsu. Previously, LVMH's flagship label, Louis Vuitton, lost millions in sales in China during July and August due to a patriotic backlash stemming from a trademark dispute with a local tea maker, exacerbating a broader downturn in demand for luxury brands in the Asian powerhouse.
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