The LVMH group comprises 75 exceptional Houses that create high quality products. It is the only group present in all five major sectors of the luxury market: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective Retailing. LVMH currently employs 156,000 people across the world and reported sales of 53.7 billion euros in 2019.
The LVMH Group has always been strongly committed to exemplary integrity and ethics in the conduct of its business and in its relations with all stakeholders. Rules of conduct, principles and guidelines governing ethics and environmental and social responsibility have been defined to establish the behavior required of the Group’s executives and employees, as well as our suppliers and partners. The LVMH Code of Conduct constitutes the cornerstone of our ethics and compliance policy.
A unique operating model anchored by six pillars:
Our structure and operating principles ensure that our Houses are both autonomous and responsive. This allows us to be extremely close to our customers, to ensure that rapid, effective and appropriate decisions can be made. This approach also sustains the motivation of our employees, encouraging them to show true entrepreneurial spirit.
The LVMH group places priority on organic growth and commits significant resources to develop its Houses, as well as to encourage and protect creativity. Our employees are key to this approach, making it essential to support their career growth and encourage them to excel.
Vertical integration fosters excellence both upstream and downstream, allowing control over every link in the value chain, from sourcing and production facilities to selective retailing.
Sharing of resources on a Group scale creates intelligent synergies while respecting the individual identities and autonomy of our Houses. The combined strength of the LVMH Group is leveraged to benefit each of its Houses.
Our Houses pursue a long-term vision. To preserve their distinctive identities and excellence, LVMH and its Houses have developed forward-thinking initiatives to transmit savoir-faire and ensure that craftsmanship and creative métiers are valued by younger generations.
Balance across business segments and geographiesOpen
Our Group has the resources to sustain regular growth thanks to the balance across its business activities and a well-distributed geographic footprint. This balance means that we are well-positioned to withstand the impact of shifting economic factors.