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LVMH Moet Hennessy Louis Vuitton engages in the design, manufacture, and sale of luxury products worldwide. Its products include wines and spirits, fashion and leather goods, perfumes and cosmetics, and watches and jewelry. The company also involves in the distribution of its products to travelers; and selective retailing in Europe, North America, and Asia. As of December 31, 2007, LVMH operated approximately 2,048 stores worldwide. The company was founded in 1854 and is based in Paris, France.