Which of the following sectors is NOT part of LVMH?

LVMH, also known as Louis Vuitton Moët Hennessy, is a conglomerate that operates in various luxury sectors, including fashion, cosmetics, wines and spirits, perfumes, watches, and jewelry. The beauty products sector is a notable part of LVMH, with several high-end brands under its umbrella. Additionally, watches and jewelry are significant segments, particularly with prestigious brands like TAG Heuer and Bulgari.

Wines and spirits make up another integral sector, with LVMH owning renowned brands like Moët & Chandon, Dom Pérignon, and Hennessy. All of these sectors demonstrate LVMH's broad reach in luxury markets.

In contrast, the aerospace sector does not align with LVMH's business focus. Aerospace is a completely different industry, typically involving companies that design, manufacture, and sell aircraft and spacecraft. Therefore, it is not represented in LVMH’s portfolio of luxury goods and services. The distinction between luxury goods and unrelated industries further solidifies why aerospace is the correct answer as it is not part of LVMH.