In what year was LVMH founded?

LVMH, or Moët Hennessy Louis Vuitton, was founded in 1987 through the merger of Louis Vuitton, a prestigious fashion brand, and Moët Hennessy, a leader in wines and spirits. This merger represented a strategic move to combine luxury goods and expand the portfolio of high-end products within a single conglomerate. The timing was significant as it marked the beginning of LVMH's growth into one of the largest luxury goods companies in the world, encompassing a wide range of sectors including fashion, cosmetics, and beverages. The year 1987 is often noted as a pivotal moment in the luxury industry, emphasizing the importance of brand consolidation in enhancing overall market presence.