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. Operating margin remained at the same level as 2021. How LVMH, Tiffanys New Owner, Became the Worlds Biggest Purveyor of Luxury.. (LVMH) has entrusted an investment services provider with a mandate for the acquisition . Hublot had an excellent performance, particularly in the United States and China. Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue., The New York Times. All business groups achieved significant organic revenue growth over the year (see table on page 3). Profit from recurring operations was up 48%. Doubled operating profit. Organic revenue was stable compared to 2019. Furthering its financial interests in the jewellery sector, LVMH purchases a minority stake in Italian jewellery brand Repossi, later increasing its stake to 69 per cent. Profit from recurring operations was up 16%. Then you can access your favorite statistics via the star in the header. LVMH, a strong social economic footprint in France and around the world: * with comparable structure and constant exchange rates. According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. About Us | Sephora Of which Fashion & Leather Goods +47% (and 51% in Q4 vs 2019) These include TAG Heuer, Zenith, and collections from jewelers such as Fred, Chaumet, and De Beers. In 1999, LVMH and Prada joined forces to take a 51% stake in Fendi in a deal reportedly worth $850 million. LVMH and Tiffany to Have Short Honeymoon., LVMH. In 2020, LVMH saw 1.4 billion in profit on total revenue of 4.8 billion from its Wines and Spirits group, of which Veuve Clicquot is a significant member. LVMH, which owns brands such as Louis Vuitton and Dior, is the world's largest luxury goods conglomerate, with revenue reaching about $59 billion in 2019. For its first year in the Group, Tiffany saw record performance in terms of revenue, profits and cash flow, and increased its global attractivity as a result of its high impact innovations and collaborations. Sales in the fourth quarter even rose by +56.6% at 476 million euros, compared with 2021. New records for LVMH in 2021 - LVMH Them and about 66 other iconic brands belong to the world's first and now largest luxury group, LVMH, or Louis Vuitton Mot Hennessy. Paris, February 28 th, 2023. LVMH. The product was popular with fashionable and affluent Parisians in the nineteenth century. LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). LVMH Sales Top $71 Billion in 2021, Helped By Fashion & Leather Goods LVMH Mot Hennessy Louis Vuitton, the worlds leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across businesses and geographic areas in which its customers are located, LVMH enters 2023 with confidence and once again, sets an objective of reinforcing its global leadership position in luxury goods. statistic alerts) please log in with your personal account. Tiffany was founded by Charles Lewis Tiffany in 1837 and has since grown into a leading global design house with a reputation for innovative jewelry design and expert craftsmanship. Founded in the late 18th century by Philippe Clicquot, the Clicquot winemaking business that eventually became Veuve Clicquot was well known in its early years among champagne connoisseurs across Europe and the U.S. In 1984, Bernard Arnault learned that Christian Dior was for sale. Profit from the additional features of your individual account. Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). 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. Operating free cash flow surpassed 10 billion. 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. Successful integration, in its first year in the Group, of Tiffany, which produced a record performance. Most recognizable for: Mot & Chandon is one of the most famous Champagnes in the world. LVMH Brands - FourWeekMBA The company is credited with inventing ros champagne. Most recognizable for: Fendi is a luxury brand, best known for its signature "F" print. A record year despite the geopolitical and economic situation. In the process, it outbid compatriot Pernod Ricard. 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. French luxury conglomerate LVMH Mot Hennessy Louis Vuitton has had an outstanding 2021 with growth exceeding expectations. Exceptional performance by the Fashion & Leather Goods business group, in particular Louis Vuitton, Christian Dior, Fendi, Celine and Loewe, which achieved record levels of revenue and profitability. The end of the year has been marked by the premature passing of Virgil Abloh, Mens Artistic Director of Louis Vuitton since March 2018. Officine Universelle Buly was revived in 2014 by Ramdane Touhami and Victoire de Taillac who had a passion for sharing Frances beauty care heritage. [Online]. It also launched lots of industry-standard practices in the world . LVMH recorded revenue of 56.5 billion euros, or $55.1 billion, for the first nine months of last year and is set to publish its full year results for 2022 at the end of this month. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information LVMH Earns a Record $71.5 Billion in Revenue in 2021 - Robb Report Valex Solutions Announces Launch to Help Brands Maximize Their Revenue Operating free cash flow, which exceeded 13 billion, was more than twice that of both 2020 and 2019. Arnault took a majority stake in the company and has since guided LVMH in a fast-paced acquisition spree, picking up dozens of new acquisitions in the past three decades. This compensation may impact how and where listings appear. Christian Dior Couture had an excellent year with exceptional growth in all its product categories among local customers. However, LVMH previously invested in the company via its minority investment arm in 2017. Prices start at around $40 a bottle. Revenue 79 billion euros The revenue and profits achieved a sharp increase compared to 2019. Currently, you are using a shared account. LVMH Net Profit Jumps 156% in 2021, Boosted by Strong Q4. . The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). Bernard Arnault's LVMH posts record sales, profit for 2022 Tiffany & Co., acquired by LVMH in 2021, had a record year in 2022. 2015. LVMH Reaches Agreement with Tiffany & Co., The Wall Street Journal. Read more Luxury Giants Bank On Chinese Return As Western . The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. 2022 FULL YEAR RESULTS. Today, LVMH owns 75 brands in six business groups: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing, and Other Activities. "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Geographic Region (in Million Euros). The world's biggest luxury group, whose brands include Louis Vuitton, Givenchy and TAG Heuer, said 2022 sales soared 23% to a record 79 billion euros ($86 billion), and net profit jumped 17% to . Access information. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 . Loro Piana, Rimowa and Marc Jacobs also had an excellent year. Reuters. LVMH's Profile, Revenue and Employees. Bvlgari enjoyed good momentum, driven by the growth of the iconic lines in its own stores. Loewe (/ l o v /, Spanish: ) (stylized as LOEWE) is a Spanish luxury fashion house specialising in leather goods, clothing, perfumes and other fashion accessories. LVMH, the owner of 75 brands, recently broke a personal revenue record of 400 billion, while Richemont reported a dangerous drop in sales, especially in China, in its third-quarter report. Maison Francis Kurkdjian continued to enjoy rapid growth momentum thanks to the ongoing success of Rouge 540, particularly in the United States. LVMH, the world's leading luxury products group, gathers 75 prestigious brands, with 79.2 billion euros revenue in 2022 and a retail network of over 5,600 stores worldwide. It's a timely pivot as the brand faces cultural . The shade range has since expanded to 50 shades. Meanwhile, the new LV Dream exhibition in Paris pays tribute to 160 years of creative exchanges that fuel Louis Vuittons spirit of innovation, and a new collaboration with Japanese artist Yayoi Kusama was unveiled, revisiting iconic creations of the Maison. Most recognizable for: Le Bon March is recognized as being the world's first department store. 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/. Loewe Perfumes is a botanic scent maker that released its first fragrance in 1972. Significant revenue growth for all business groups and market share gains worldwide. LVMH Sets New Records In 2022 With Revenue Up 23% At EUR 79.2 Billion In 2017, LVMH and Arnault proposed a complex $13.1 billion transaction to consolidate the companys ownership of Dior by buying out minority shareholders. January 26, 2023. 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 Group once again recorded significant growth in revenue and earnings. Good performance of the other Watches & Jewelry Maisons. The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. These Are The Biggest Brands Owned By Bernard Arnault's LVMH - TheRichest Most recognizable for: Givenchy is best known for creating the iconic little black dress Audrey Hepburn wore in the film "Breakfast at Tiffany's.". Bernard Arnault, Chairman and CEO of LVMH, said: Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges. The Watches & Jewelry business group recorded revenue growth of 167% in 2021 compared to 2020 thanks to Tiffany, consolidated for the first time. LVMH acquired Kenzo in 1993 for around $80 million. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . Since Chinese tourists are responsible for about 50 percent of the main LVMH brand's sales at European direct retail, the domestic growth rate could be seen as an . Show publisher information The deal, which LVMH announced in March 2011, dramatically expanded the companys Watches and Jewelry business group. In an environment marked by a limited recovery in international travel and the closure of many points of sale over a period of several months, LVMHs major brands chose to maintain a policy of selective distribution, limiting promotions and growing online sales on their own website. Most valuable global luxury brands 2022; UK: revenue of luxury goods market 2012-2025, by product category . Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Total revenue of the LVMH Group worldwide 2022 | Statista Organic revenue growth was 10%. The company's revenue totaled to about 79 billion euros that year, with fashion and leather goods segment accounting for 49 percent of total revenue. In 1994, it started to be distributed around the country and became known as Aujourdhui en France.