Over the past decade, LVMH enjoyed ever-increasing global revenue . According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. In 2022, the LVMH Group generated approximately 21.6 billion . However, LVMH previously invested in the company via its minority investment arm in 2017. Profit from recurring operations by business group: Wines & Spirits: very strong demand in the United States, in Asia and rebound in Europe. The table below lists these measures and the reference to their definition and their reconciliation with the aggregates defined by the IAS/IFRS in the published documents. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. January 26, 2023. Most recognizable for:Rimowa is a luggage company. Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. An interim dividend of 3 euros per share was paid on December 2 of last year. Organic revenue growth was up by 36 percent and 14 percent compared to 2020 and 2019, with the group . Fenty Beauty doubled its revenue thanks to the expansion of its distribution network and the success of its launches. Both up 23% Most valuable global luxury brands 2022; UK: revenue of luxury goods market 2012-2025, by product category . It reported net profit of 4.7 billion on revenue of 44.7 billion ($53.0 billion) in 2020. The Groups organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. 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. Loewe, energized by the talent of JW Anderson, and Marc Jacobs also performed particularly well. LVMH Completes the Acquisition of Tiffany & Co. LVMH Reaches Agreement with Tiffany & Co. Over the years, fashion and leather goods has become the leading segment, generating over 38 billion in revenue in 2022, followed by selective . The Dior brand has proven a staple of Arnaults holdingsand, in turn, LVMHs businessever since. Boussacs assets included Christian Dior. Operating investments of nearly 5 billion, mainly dedicated to the expansion of the store network, the development of production facilities and employment. Free Tools ; Leads by Industry . It reported net profit of 4.7 billion on revenue of 44 . Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). Bernard Arnault's wealth is around $203 billion. As official timekeeper, Hublot enjoyed strong visibility during the 2022 Football World Cup. LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. 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. Louis Vuitton S.A.) LVMH . LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). Profit from recurring operations was up 48%. The company initially produced vodka in a distillery constructed in 1910 before the first import was sent to the United States in 1996. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in . Since that time, Fendi has become known for craftsmanship and innovation while remaining true to its Roman roots. Our objective to strive for solid financial performance and our relentless quest for excellence remind us of our daily commitment to act in such a way as to make the world a better place. LVMH announced plans to acquire Tiffany in late 2019 in an agreement that valued the jeweler at approximately $16.2 billion. True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. While the number of brands in this portfolio has remained consistent over the past decade, the number of branded stores and . The Arnault family group owns 48.18% of the capital for LVMH with 63.9% voting power, making . The iconic Serpenti line and the High Jewelry and High Watchmaking collections were the main growth drivers. LVMH bought a stake in Fendi before becoming a majority stakeholder in 2001. Most recognizable for: Dior is a luxury brand, best known for its gowns and handbags. Plus, LVMH does not have a shortage of high jewelry brands in its wheelhouse. Sephora has more store locations than its rival. This means Tiffany will join the other 75 brands owned by LVMH, but it won't necessarily be the conglomerate's most iconic keep reading to see 17 of the most iconic brands the luxury giant currently owns, ranked in chronological order of LVMH's acquisition date. Please do not hesitate to contact me. AP. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . statistic alerts) please log in with your personal account. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. French luxury conglomerate LVMH Mot Hennessy Louis Vuitton has had an outstanding 2021 with growth exceeding expectations. Profit from recurring operations was up 34% compared to 2020. Meanwhile, V Ray has worked with notable brands such as Benefit Cosmetics, LVMH, the Vatican, and more on tech innovation solutions, including AI, data-driven marketing, and Web3. The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). All business groups achieved significant organic revenue growth over the year (see table on page 3). The Fashion & Leather Goods business group recorded organic revenue growth of 47% in 2021 compared to 2020 and 42% compared to 2019. The distillery is considered a pioneer in the industry, combining traditional practices with innovation and using the tallest stills in Scotland. At the Annual General Meeting on April 21, 2022, LVMH will propose a dividend of 10 euros per share. [Online]. Fendi celebrated the 25th anniversary of its iconic Baguette bag in New York. Fashion & Leather Goods: exceptional performances by Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs. 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. Operating free cash flow of more than 10 billion. 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. "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Geographic Region (in Million Euros). The 4 Ps are the key factors in marketing a product or service: product, price, place, and promotion. Significant revenue growth for all business groups and market share gains worldwide. Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe. as well as other partner offers and accept our, Photo by David M. Benett/Dave Benett/Getty Images for Hennessy, Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images, Photo by Tabatha Fireman/Getty Images for Kat Von D Beauty, Photo by Rolf Vennenbernd/picture alliance via Getty Images, LVMH's portfolio already includes 75 different brands. The salaries of the groups employees are among the most competitive in their sector of activity. Since 1989, Louis Vuitton has been led by chair and CEO Bernard Arnault. In LVMH's recent earnings call, CEO Bernard Arnault declared Louis Vuitton is no longer just a fashion brand but a cultural creative company. Momentum was particularly strong in North America, Europe, the Middle East and in most Southeast Asian countries. Loro Piana, Rimowa and Marc Jacobs also had an excellent year. The Perfumes & Cosmetics business group recorded organic revenue growth of 27% in 2021 compared to 2020. A strong social and economic footprint in France. We count on the desirability of our Maisons and the agility of our teams to further strengthen our lead in the global luxury market and support Frances prestige throughout the world.. 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.. How One Franc Turned LVMH into the Worlds Largest Luxury Group., XE. Prices start at around $40 a bottle. While its High Jewelry revenue doubled, the new Lock bracelet collection, rolled out in North America, enjoyed great success alongside other iconic lines. LVMHs market capitalization was $390.9 billion as of July 7, 2021. If you are an admin, please authenticate by logging in again. Mot Hennessy itself was the product of a merger between Mot & Chandonproducer of luxury champagne brand Dom Perignonand cognac maker Hennessy in 1971. 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. 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 . Luxury Giant LVMH to Buy Tiffany for $16.2 Billion., Bloomberg. The table below lists these measures and the reference to their definition and their reconciliation with the aggregates defined by the IAS/IFRS in the published documents, DF : Financial documents as at December 31, 2021. Organic revenue growth of 36% Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. (January 26, 2023). Amazon's fashion brand revenue reached an impressive $299.3 billion this year. Find related and similar companies as well as employees by title and much more. Christian Dior benefited from the enormous success of Miss Dior and Sauvage. How LVMH, Tiffanys New Owner, Became the Worlds Biggest Purveyor of Luxury.. Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. The health crisis continued to weigh on the activities of DFS due to the persistent weakness in the numbers of travelers. This compensation may impact how and where listings appear. 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. High-end Jewelry sales in particular reached an all-time high with the huge success of its annual High-End Jewelry Blue Book collection. The acquisition included the purchase of a 50.4% stake in Bulgari from the Bulgari family, as well as a tender offer for the remainder of the company. An interim dividend of 5 euros per share was paid on December 5 of last year. LVMH to Take Control of Christian Dior in $13.1 Billion Deal., The Fashion Law. Most recognizable for: Le Parisien is one of the most notable tabloids in France, along with Le Figaro and Le Liberation. It was founded in 1668. Louis Vuitton annual revenue for 2020 was $51.005B, a 15.15% decline from 2019. By Rachel Cormack. The merger created one of the worlds premier sellers of luxury products. Top editors give you the stories you want delivered right to your inbox each weekday. Perfumes & Cosmetics: strong momentum in perfume and continued selective distribution. The company had total revenues of 79.2 billion euros that year. Good growth in Champagne and Cognac, based on a value creation strategy. Show publisher information Get full access to all features within our Business Solutions. Tugba Sabanoglu. Paris, March 1st, 2023 In accordance with its share buyback program, LVMH Mot Hennessy Louis Vuitton S.E. The Groups record results could not have been achieved without the efficiency and exceptional ability of our teams to adapt and notably to remain connected to our customers, continuing to inspire dreams, despite the crisis. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings. LVMH is the world's largest luxury goods conglomerate and is best known for owning brands such as Louis Vuitton and Givenchy. Most recognizable for: In 2017, Fenty Beauty by Rihanna launched a 40-shade range of foundations, which helped to revolutionize diversity in the beauty industry. Profit from the additional features of your individual account. 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. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. We have indicated that transparency with a . His immense visionary talent and his great wisdom will forever be embedded within the history of our Group. LVMH purchased Le Parisien from the media group Amaury in 2015. Fendi is a fashion brand owned by LVMH. Use Ask Statista Research Service. The expansion of its store network continued, mainly in China and the United States, notably following on from its major partnership with the American retailer Kohls. LVMH, the world's largest luxury goods company, has just released its results for 2022. Year acquired by LVMH:Fenty Beauty by Rihanna (2017), Fenty (2019), Type of goods:Cosmetics & Luxury Clothes. Most recognizable for:Luxury jewelry brand Bulgari is known for its watches and diamond necklaces. The company is credited with inventing ros champagne. Les Mtiers dExcellence LVMH back on tour! The first boutique opened in Galerie Vivienne, with the company becoming known for a mix of prints, refined colors, and exuberant but cultured and optimistic creativity. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022 . 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. Then you can access your favorite statistics via the star in the header. Then you can access your favorite statistics via the star in the header. Glenmorangie is a Scottish maker of single-malt whisky since 1843. The company is known for its fur, leather goods, and other luxury products. Hennessy cognac benefited from its value creation strategy. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2021, by segment. Most recognizable for: Benefit is a cosmetics company, best known for its makeup. If you are an admin, please authenticate by logging in again. Asia was stable over the year due to developments in the health situation in China. The Watches & Jewelry business group recorded revenue growth of 167% in 2021 compared to 2020 thanks to Tiffany, consolidated for the first time. Strong revenue growth in Asia and the United States and a gradual recovery in Europe. Available: https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment, Value of various global luxury markets 2022, by market type, Market size of the global personal luxury goods market 2021, by product, Value of the global personal luxury goods market in 2022, by format, Value of the online personal luxury goods market worldwide 2004-2021, Sales of the leading luxury companies worldwide 2012-2021, Revenue of the Kering Group worldwide from 2012 to 2022, by brand, Global revenue share of Gucci in 2022, by product category, gucci.com: E-Commerce net sales from 2014 to 2022, Global brand value of Gucci from 2016 to 2022, Most valuable clothing companies in the world, by brand value 2021-2022, Leading fashion luxury brands based on Media Impact Value in the U.S. Q3 2021, Leading fashion luxury brands based on Media Impact Value in Europe Q3 2021, Leading fashion luxury brands based on Media Impact Value in China Q4 2021, Revenue of the LVMH Group worldwide by segment 2008-2022, LVMH Group's revenue share worldwide from in 2022, by geographic region, Global revenue of Michael Kors from 2012-2022, Michael Kors' global revenue in 2022, by region, Capri Holdings' revenue share worldwide in 2022, by brand, Net sales share of Capri Holdings worldwide in 2022, by segment, Total revenue of Herms worldwide 2007-2021, Revenue breakdown of Herms worldwide 2021, by geographical region, LVMH Group's revenue in the U.S. 2008-2022, LVMH Group's half-year revenue by segment 2007-2022, Revenue share of LVMH Group's perfumes and cosmetics segment 2018, by product, Distribution of the LVMH Group's workforce worldwide 2014-2021, by age, Sales of LVMH Group's wine and spirits segment 2011-2021, Breakdown of selective distribution sales value from LMVH 2015-2021, by region, Luxury goods market worldwide by segment share in 2007 and 2012, Luxury categories with rising purchase intent among Chinese consumers 2011-2013, Distribution by product of the shopping budget of Chinese tourists in France 2016, Popular products among millionaires when shopping abroad 2012, Italy: growth forecast for luxury sector in 2016, by product category, Italy: growth forecast for luxury sector in 2016, by destination market, Top reasons chosen by consumers for in-store purchase of luxury products in 2017, Demand for key luxury product types over next year in China 2017, by generation, Industry revenue of retail sale of watches and jewellery in Belgium 2012-2025, Industry revenue of retail sale of watches and jewellery in France 2012-2025, Bosnia: number of enterprises in the manufacture of watches & clocks 2011-2014, Turkey: number of enterprises in the manufacture of watches & clocks 2009-2014, Ireland: number of enterprises in the manufacture of watches & clocks 2008-2014, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros), Find your information in our database containing over 20,000 reports. Posted 12:00:00 AM. The revenue and profits achieved a sharp increase compared to 2019. In 1984, Bernard Arnault learned that Christian Dior was for sale. Number of Gucci stores worldwide 2022, by region, Value of the global personal luxury goods market 1996-2022, Global revenue share of Gucci in 2022, by region. Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph]. Most recognizable for: Fendi is a luxury brand, best known for its signature "F" print. The LVMH brand Belmond will manage the Hotel Romazzino, which will open for the 2024 season as the "Romazzino, A Belmond. The year marked the integration, from the third quarter onwards, of the prestigious Champagne House Armand de Brignac, in which LVMH holds a 50% stake. statistic alerts) please log in with your personal account. Trillionaire Definition: How Much Money Is That and Who Will Be First? Loewe Perfumes is a botanic scent maker that released its first fragrance in 1972. This was facilitated by an updated label and the ability of Glenmorangie to leverage LVMHs extensive distribution network. It also launched lots of industry-standard practices in the world . Reuters. **Selective retailing relates to retail designed for international traveler customers (travel retail), DFS and Miami Cruiseline. Its parent company Boussac had filed for bankruptcy and the French government was looking for a buyer for the Paris-based brand that owned a number of companies, including Dior. Group share of net profit amounted to 12 036 million, up 156% compared to 2020 and up 68% compared to 2019. The deal, which LVMH announced in March 2011, dramatically expanded the companys Watches and Jewelry business group. In the end, the two companies agreed to a purchase price of $131.50 per share, a 2.6% discount from the originally agreed-upon $135 per share, bringing the total purchase price to approximately $15.8 billion. Feb 14 . The rebound in consumption, in an environment which was already seeing supply constraints, brought further impetus to the strategy of value creation. LVMH is a France-based holding company that acquires, owns, operates and manages consumer goods brands. The balance of 7 euros will be paid on April 28, 2022. 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. Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across its activities and the geographic areas in which it operates, LVMH enters 2022 with confidence and, once again, sets an objective of reinforcing its global leadership position in luxury goods. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. LVMH Diversity & Inclusiveness Transparency. As of 2020, Sephora had revenue of 10.2 billion. A record year, especially for the major brands. Chaumet had a good year and celebrated nature with its Vgtal exhibition in Paris. Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers. The online retail giant offers a wide variety of clothing, accessories, and footwear for . A record year despite the geopolitical and economic situation. In the watchmaking sector, TAG Heuer unveiled, among other innovations, the Carrera Plasma, an avant-garde fusion of watchmaking and lab grown diamonds. LVMHs acquisition of Woodinville in 2017 marked the companys first entry into the American whiskey market. Business Solutions including all features. Zenith continued to expand its in-store and online distribution. LVMH Reaches Agreement with Tiffany & Co., The Wall Street Journal. A record level of operating free cash flow. It then acquired the remaining 70% of the company in 1996 for an undisclosed sum. Fashion & Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019. LVMH's core brands LV, Dior and Fendi all saw record revenue, with China and the US driving the growth.