LVMH is a global company founded in 1987 through the merger of luxury goods companies Louis Vuitton and Moët Hennessy. It is headquartered in Paris, France and owned and led by CEO Bernard Arnault. In 2013, LVMH had over 3000 stores worldwide, revenue of 29.1 billion euros, and sold over 57 million bottles of champagne and 69 million bottles of cognac. Its main competitors include Bulgari, Gucci, and Richemont.