LVMH changes legal status to that of European company

Board of Directors of LVMH Moet Hennessy Louis Vuitton has announced plans to alter the legal status of the company from that of a French public limited company (‘société anonyme’) to that of a European company. It said that the transition to a European company, a move that has already been made by several major European groups and is promoted by the European authorities, better reflected the European and international scope of the LVMH Group.

The number of LVMH Group brands having their roots in non-French European countries has significantly increased in recent years. After Loewe, Fendi, Pucci, Acqua di Parma, Tag Heuer and Zenith, the Group welcomed Hublot in 2008, Bulgari in 2011 and Loro Piana in 2013.

The company said the move will have no impact on governance, Head Office domicile or stock market listing and no consequences for shareholders. The proposed statutory change will be submitted to shareholders at the companys annual general meeting on 10 April.