The luxury conglomerate behind Cartier is beating LVMH at its own game

Richemont; Cartier; Van Cleef; Alyssa Powell/BI

LVMH is the biggest luxury conglomerate in the world. As the owner of brands like Louis Vuitton, Moët & Chandon, and Bulgari, the French company has become synonymous with luxury — and made a lot of money doing it, as demonstrated by CEO Bernard Arnault's position as the third-richest man in the world.