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 Exemplary ethical standards

24 Responsible model dedicated to excellence

26 Artisan of all Victories

30 Our people: Architects of LVMH’s current and future success

36 LIFE 360 environmental program: Making sustainability desirable

40 Supporting culture, art and good causes

48 LVMH takes action

Business group insights

52 Wines & Spirits

70 Fashion & Leather Goods

100 Perfumes & Cosmetics

116 Watches & Jewelry

136 Selective Retailing

148 Hospitality

Performance measures

161 Stock market performance measures

162 Financial performance measures

164 Non-f inancial performance measures