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LVMH, the world's largest luxury goods company, has just released its results for 2022. You only have access to basic statistics. In 2020, the company, like the rest of the luxury sector, was economically impacted by the pandemic and store closures throughout the world. Available: https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region, Value of the personal luxury goods market worldwide in 2020, by region, CAGR of the leading global luxury companies between 2018-2021, Leading 20 European luxury goods companies based on sales 2021, Central & Western Europe: revenue in the luxury goods market, 2012-2025, Central & Western Europe: revenue growth luxury goods market, 2013-2025, Second-hand luxury goods market revenue Europe 2021-2027, Fashion and luxury goods M&A deals worldwide in 2021, by region, Luxury cosmetics market revenue in Europe 2012-2025, Luxury fragrance market revenue in Europe 2012-2025, Central & Western Europe: revenue of luxury fashion, 2012-2025, Central & Western Europe: revenue prestige cosmetics & fragrances, 2012-2025, Central & Western Europe: revenue of luxury watches & jewelry, 2012-2025, Central & Western Europe: revenue of luxury eyewear, 2012-2025, Central & Western Europe: revenue of luxury leather goods, 2012-2025, LVMH Group's revenue worldwide 2008-2022, by geographic region, Revenue of the LVMH Group worldwide by segment 2008-2022, Total sales of the Richemont Group worldwide 2008-2022, by geographical region, Kering's global revenue from 2008 to 2022, Global revenue share of EssilorLuxottica in 2021, by geographical area, Shopping channel preference for luxury goods purchases in Europe quarterly 2022, Importance of luxury brands adopting sustainability in Europe quarterly 2021-2022, Importance of luxury/premium products by category in Spain 2022, Importance of luxury/premium products by category in Italy 2022, Importance of luxury/premium products by category in Germany 2022, Importance of luxury/premium products by category in France 2022, Importance of luxury/premium products by category in the UK 2022, Importance of luxury/premium products by category in Austria 2022, LVMH Group's revenue in the U.S. 2008-2022, Luxury customers in China 2010, by age and product category, Luxury goods purchased in China 2010, by intended purpose, Mainland Chinese demand for luxury goods 2020, Luxury fashion goods consumers most regularly buy in the United Kingdom (UK) 2013, Consumer spending on luxury goods in China 2010, by tier, Involvement of others in luxury item purchase decisions in the U.S. 2018, LVMH Group's half-year revenue by segment 2007-2022, Utilization of information channels regarding personal luxury items in the U.S. 2018, Global airport personal luxury goods market share by category 2015, Global airport personal luxury goods market share by region 2015, Luxury good and service purchase frequency of U.S. and UK consumers 2019, by age, Number of new or used personal luxury items bought in the U.S. 2018, Motivation for purchasing luxury goods Hong Kong 2021, Factors making cosmetics items luxury according to U.S. women 2017, by income, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros), Find your information in our database containing over 20,000 reports. A strong social and economic footprint in France. Bernard Arnault, Chairman and CEO of LVMH, said: LVMH enjoyed a remarkable performance in 2021 against the backdrop of a gradual recovery from the health crisis. The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. Audit procedures have been carried out and the audit report is being issued. January 28, 2020. Despite the uncertainties that remain at the start of this new year, which continues to be disrupted by health concerns, we approach 2022 with confidence and are convinced that LVMH is in an excellent position to further strengthen its lead in the global luxury market.. Louis Vuitton revenue surpassed 20 billion euros, for the first time, Strong growth in perfumes. Its fashion and leather goods division, for which organic revenue declined by 11% over the first nine months of the year, saw a double-digit rebound of 12% growth in the third quarter. About. Most valuable global luxury brands 2022; UK: revenue of luxury goods market 2012-2025, by product category . The offers that appear in this table are from partnerships from which Investopedia receives compensation. Conglomerate: Definition, Meaning, Creation, and Examples. Over the years, fashion and leather goods has become the leading segment, generating over 38 billion in revenue in 2022, followed by selective . Below, well explore six out of several dozen acquisitions that LVMH has made throughout its history. Bully used his expertise and talent to create the Vinaigre de Toilette cosmetic vinegar which served as a skin tonic, cure-all, and deodorant. The name was shortened to Le Parisien in 1986 with the publication at the time a regional daily newspaper. Ruinart opens new chapter with plans for Nicolas Ruinart Pavilion, Tel: +33 (0)1 44 13 21 21, Tel: +33 (0)1 44 13 22 22. Selective Retailing: excellent performance by Sephora; DFS impacted by the health situation in China. Further investments were made into Sephoras omnichannel strategy in order to continuously improve its customers purchasing experience both online and in-store. Paris, October 11, 2022 LVMH Mot Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of 56.5 billion euros in the first nine months of 2022, up 28% compared to . LVMH Japan and SoftBank Corp. Agree on Strategic Pa LVMH holds third edition of LVMH Watch Week, drivin FD (condensed consolidated financial statements, consolidated cash flow statement), FD (Notes 1.23 and 19 of the appendix to the consolidated financial statements), FD (Part 7, Comments on the Consolidated Balance Sheet), FD (Part 1, Comments on the Consolidated Income Statement), https://www.lvmh.com/news-documents/press-releases/new-records-for-lvmh-in-2021/. Chart. Most recognizable for: Le Bon March is recognized as being the world's first department store. Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph]. AP. Profit from recurring operations was up 79% compared to 2020 and 75% compared to 2019. All business groups achieved significant organic revenue growth over the year (see table on page 3). Arnaults investment in Christian Dior predates the existence of LVMH as it currently stands. Guerlain sustained its growth, driven notably by the vitality of its Abeille Royale skincare, its Aqua Allegoria collection and its exceptional perfumes LArt et la Matire. The dynamic policy of price increases offset the effects of the health situation in China, while the United States was affected at the start of the year by logistical disruptions. PARISLVMH Mot Hennessy Louis Vuitton SE said surging revenue at its biggest fashion brands, Louis Vuitton and Dior, propped up the luxury-goods company's results during the fourth quarter . Who Is Bernard Arnault and What Companies Does LVMH Own? Louis Vuitton, which celebrated the 200th anniversary of the birth of its founder, enjoyed a remarkable performance, driven by the success of Nicolas Ghesquires creations for the feminine universe of the Maison. High-end Jewelry sales in particular reached an all-time high with the huge success of its annual High-End Jewelry Blue Book collection. Tiffany and LVMH Modify Merger Price., The Wall Street Journal. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings. Fred showed strong growth and launched its first retrospective exhibition at the Palais de Tokyo in Paris. In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . In January, LVMH reported that Tiffany & Co. had enjoyed a "record year" in 2022 amid an 18% increase in revenue for the conglomerate's jewelry and watches division, which also includes . January 26, 2023. The Paris store is noted for its high-end retail and careful selection of goods across the store. The company has seen major success with its strategy of acquiring many different luxury brands across multiple areas. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . Posted 12:00:00 AM. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in . ParisLVMH had a strong year in 2022, posting record revenue growth in its fashion and leather goods segment. If you are an admin, please authenticate by logging in again. Though LVMH has been in existence in its current form since 1987, the Louis Vuitton brand in particular has a much longer history, having been launched by its namesake founder in 1854. Data prior to 2021 are derived from a previous edition of the publication. The Maison accelerated the selectivity of its multi-brand network distribution and expanded its own boutiques. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. . Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. LVMHs Selective Retailing business group, of which Sephora is a part, generated a loss of 0.2 billion on 10.2 billion in revenue in 2020. "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Geographic Region (in Million Euros). Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. These include TAG Heuer, Zenith, and collections from jewelers such as Fred, Chaumet, and De Beers. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Sales for LVMH amounted to 64.2 billion euros ($71.55 billion) for the 2021 fiscal year, an increase of 44 percent compared to the year before and 20 percent compared to pre-pandemic 2019, the French luxury goods group reported on Thursday. The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). It is sold in Sephora, which is also an LVMH brand. LVMH has also been in the news this year after it threatened to call off its multibillion-dollar acquisition of US jeweler Tiffany and Co., first announced for $16.2 billion in 2019, but reduced to $15.8 billion in the fall after a lengthy dispute between the two firms. Louis Vuitton is a good example of this. Sephoras Russian business was divested. La Samaritaine, which reopened in Paris in June after an ambitious renovation, saw an encouraging level of customer traffic. LVMH Mot Hennessy Louis Vuitton, the worlds leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. It was founded in 1969. These include white papers, government data, original reporting, and interviews with industry experts. Learn more about how Statista can support your business. Good performance of the other Watches & Jewelry Maisons. How One Franc Turned LVMH into the Worlds Largest Luxury Group., XE. LVMH is a luxury group owned by the Arnault family, which generated over 79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments, from spirits to fashion, luxury and cosmetics, and luxury retail. Please do not hesitate to contact me. 35-year old Arnault - who had spent the previous 10 years heading up the construction firm founded by his grandfather - took $15 million from his . Please create an employee account to be able to mark statistics as favorites. At the General Meeting of April 20, 2023, LVMH will propose a dividend of 12 euros per share. Our growth strategy, based on the complementary nature of our activities, as well as their geographic diversity, encourages innovation and the quality of our creations, the excellence of their distribution, and adds a cultural and historical dimension thanks to the heritage of our Maisons. The luxury goods market took a further leap forward, and it has been another record year for the French powerhouse, with a revenue of EUR 79.2 billion, up 23% compared to 2021. Learn more about how Statista can support your business. Organic revenue growth was up by 36 percent and 14 percent compared to 2020 and 2019, with the group . Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. . Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. The continued global success of Diors. Access information. Good growth in Champagne and Cognac, based on a value creation strategy. The merger created one of the worlds premier sellers of luxury products. [Online]. Celine, thanks to Hedi Slimane and to the success of his collections, and Fendi, driven by the success of Kim Jones collections, had a record year. As official timekeeper, Hublot enjoyed strong visibility during the 2022 Football World Cup. The company's Cloudy Bay brand covers white wines, and its Whispering Angel line offers rose, but Schaus said, "we were missing a strong red wine." Moet Hennessy reported revenue of 1.64 billion . Tiffany & Co., acquired by LVMH in 2021, had a record year in 2022. LVMH to Acquire Bulgari After Agreeing to Buy Family Stake., The Wall Street Journal. To use individual functions (e.g., mark statistics as favourites, set May 24, 2022. The conglomerate is also acquiring jeweler, Bernard Arnault, chairman and CEO of LVMH, controls about half the company and has a. He is now the fourth-richest person in the world, with a net worth of $113 billion. Plus, LVMH does not have a shortage of high jewelry brands in its wheelhouse. Zenith continued to expand its in-store and online distribution. When news of a COVID-19 vaccine first broke, LVMH shares skyrocketed, briefly making its chairman and CEO, Bernard Arnault, the second-richest man in the world. Visit Business Insider's homepage for more stories. Loro Piana, Rimowa and Marc Jacobs also had an excellent year. Travel retail activities still held back by international travel. Watches and Jewelry remains one of the smaller LVMH groups when it comes to profit. Mot Hennessy Louis Vuitton (LVMH) is one of the world's leading luxury groups, parent to 75 luxury houses. Bernard Arnault acquired a stake in Sephora in 1997. The company is known for its fur, leather goods, and other luxury products. 1971 (Mot & Chandon) (Hennessy) . Honouring its long tradition of expressing love and diversity, a global About Love campaign featuring Beyonc and Jay-Z was launched. Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. LVMH, a strong social economic footprint in France and around the world: * with comparable structure and constant exchange rates. Doubled operating profit. * with comparable structure and constant exchange rates. Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). Profit from the additional features of your individual account. Most recognizable for: The brand is known for its bright orange shopping bags and its leather products, which are usually heavily emblazoned with its "LV" logo. LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the . 1 EUR to USD Convert Euros to US Dollars., LVMH. Bvlgari enjoyed good momentum, driven by the growth of the iconic lines in its own stores. The 24S digital platform recorded strong growth, driven by the unique nature of its selection process and its Parisian market positioning. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Details of the webcast relating to the publication of the 2022 annual results are available at:www.lvmh.com. The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. Profit from recurring operations was almost six times higher than in 2020 and up 128% compared to 2019. The performance for the year confirms a return to strong growth momentum following the severe . This shows if LVMH discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers.
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