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    The World's Largest Luxury Company

    The World's Largest Luxury Company

    Europe lacks a significant tech sector. It does not have a very low-cost manufacturing industry. What it does have are massive luxury goods corporations, and the largest of them all, LVMH (Moet Hennessy Louis Vuitton), had its share price reach an all-time high this week. This also means that LVMH CEO Bernard Arnault surpassed Elon Musk and Jeff Bezos as the world's wealthiest person.

    You'd be hard pressed to find any things that could be labelled inexpensive among LVMH's 75 brands, which it refers to as "houses." Some of the most well-known brands in the LVMH family include Louis Vuitton, Christian Dior, Loro Piana, Bulgari, Tag Heuer, Tiffany & Co., and Hublot. So it's ironic that Bernard Arnault established LVMH with a keen eye for a good deal, purchasing a slew of businesses.

     

    Source: LVMH, chartr

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