The LVMH Group

6 Chairman’s message

12 Interview with the Group Managing Director

14 Maisons with a strong identity

15 Diverse range of professions

16 The world’s leading luxury goods group

18 Robust corporate governance

22 Responsible model dedicated to excellence

24 Exemplary ethical standards

26 Put ting our employees at the heart of everything we do

32 LIFE 360 environmental program: Delivering on commitments

36 Supporting culture, design and good causes

42 LVMH takes action

Business group insights

50 Wines & Spirits

70 Fashion & Leather Goods

100 Perfumes & Cosmetics

118 Watches & Jewelry

136 Selective Retailing

150 Culture & Lifestyle

Performance measures

161 Stock market performance measures

162 Financial performance measures

164 Non-f inancial performance measures