When was LVMH officially founded?

LVMH, which stands for Louis Vuitton Moët Hennessy, was officially founded in 1987 as a result of a merger between Moët Hennessy and Louis Vuitton. This merger marked the creation of one of the largest luxury goods conglomerates in the world. The significance of this year lies in the strategic decision to combine the strengths of two prominent luxury brands, facilitating the expansion of LVMH into various segments such as fashion, cosmetics, jewelry, and beverages. The foundation of the group in 1987 not only established its corporate identity but also paved the way for its aggressive expansion and acquisition strategy that continues to this day. Understanding the year LVMH was founded is crucial for comprehending its growth trajectory and its impact on the luxury goods market.