Bvlgari enjoyed good momentum, driven by the growth of the iconic lines in its own stores. Learn more about how Statista can support your business. 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. LVMH is home to 75 distinguished Houses rooted in six different sectors. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022 . 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. 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. With organic revenue growth of 51% compared to 2019, the fourth quarter showed a sharp rise compared to previous quarters. 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. 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. A record level of operating free cash flow. 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. Organic sales in the luxury conglomerate's key fashion and leather goods division rose 51 percent in the fourth quarter, versus the same . 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. 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. LVMHs acquisition of Woodinville in 2017 marked the companys first entry into the American whiskey market. The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. Operating investments of nearly 5 billion, mainly dedicated to the expansion of the store network, the development of production facilities and employment. This compensation may impact how and where listings appear. Boussacs assets included Christian Dior. By Rachel Cormack. LVMH's Profile, Revenue and Employees. Revenue 79 billion euros The Board of Directors met on January 27th to approve the financial statements for 2021. Who Is Bernard Arnault and What Companies Does LVMH Own? Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue, Luxury Giant LVMH to Buy Tiffany for $16.2 Billion, LVMH to Acquire Bulgari After Agreeing to Buy Family Stake, Prada Reaches a Deal to Sell Stake In Fashion House Fendi to LVMH, Prada Sells Stake in Fendi for $265 Million, TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, LVMH to Take Control of Christian Dior in $13.1 Billion Deal, LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate, How LVMH, Tiffanys New Owner, Became the Worlds Biggest Purveyor of Luxury, Date of purchase: Jan. 7, 2021 (acquisition completed), Acquisition price: Estimated $259.4 million to acquire majority stake (see below), Type of business: Personal care and beauty products. Founded in 1969, Sephora is a retailer of personal care and beauty items, with roughly 15,000 different products on offer as of this writing. 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 4 Ps are the key factors in marketing a product or service: product, price, place, and promotion. The Group will pursue its brand development focused strategy, underpinned by continued innovation and investment as well as a constant quest for desirability and quality in its products and their distribution. Both up 23% The French retail empire LVMH (LVMH Mot Hennessy - Louis Vuitton) is the largest luxury conglomerate in the world, its revenue surpassing a record-breaking $51 billion in 2018 alone. Under LVMHs direction, Belvedere was named the Vodka Producer of the Year for the third consecutive year at the 2017 International Spirits Challenge. Investopedia requires writers to use primary sources to support their work. 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. Louis Vuitton had an excellent year, again driven by its exceptional creativity, the quality of its products and its strong ties with art and culture. A Veblen good is a type of good for which demand increases as the price rises, typically due to its exclusivity and perceived social value. Louis Vuitton annual revenue for 2020 was $51.005B, a 15.15% decline from 2019. 2015. Tugba Sabanoglu. Le Parisien is a general interest news media brand that is read by around 18 million people across various formats each month. Paris, February 28 th, 2023. 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. The Maison paid tribute to the life and legacy of this creative genius with the Miami fashion show, Virgil Was Here. Of which Fashion & Leather Goods +47% (and 51% in Q4 vs 2019) Mot Hennessy itself was the product of a merger between Mot & Chandonproducer of luxury champagne brand Dom Perignonand cognac maker Hennessy in 1971. Paris, March 1st, 2023 In accordance with its share buyback program, LVMH Mot Hennessy Louis Vuitton S.E. LVMH announced plans to acquire Tiffany in late 2019 in an agreement that valued the jeweler at approximately $16.2 billion. Mot Hennessy Louis Vuitton SE (OTC: LVMUY), commonly referred to as LVMH or Louis Vuitton, is a French luxury conglomerate formed from the 1987 merger of the renowned fashion house Louis Vuitton and wines and spirits company Mot Hennessy. The product was popular with fashionable and affluent Parisians in the nineteenth century. LVMH bought a stake in Fendi before becoming a majority stakeholder in 2001. It also launched lots of industry-standard practices in the world . What we believe is most impressive is the organic growth, it is clear LVMH's strategic . Hennessy cognac benefited from its value creation strategy. Kenzo is a fashion brand that was founded in Paris in 1970 by Kenzo Takada. Officine Universelle Buly was revived in 2014 by Ramdane Touhami and Victoire de Taillac who had a passion for sharing Frances beauty care heritage. Watches and Jewelry remains one of the smaller LVMH groups when it comes to profit. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. Get full access to all features within our Business Solutions. It is sold in Sephora. Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph]. According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Segment (in Million Euros). Audit procedures have been carried out and the audit report is being issued. LVMH Diversity & Inclusiveness Transparency. Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). Christian Dior benefited from the enormous success of Miss Dior and Sauvage. 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. The Paris store is noted for its high-end retail and careful selection of goods across the store. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. 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. About. Organic revenue growth was up by 36 percent and 14 percent compared to 2020 and 2019, with the group . LVMH organizes its brands into branches, . Sephoras Russian business was divested. The firm has named a new team to lead Tiffany, which . Belvedere is a Polish rye vodka brand that was founded in 1993. LVMH owns 75 main brands split across five main businesses -- fashion and leather goods (46% of its revenue in the first nine months of 2020), selective retailing (24%), perfumes and cosmetics (12 . by brand. LVMH Revenue by business group and by quarter, 2021 Revenue (Organic change verses same period of 2020), 2021 Revenue (Organic change verses same period of 2019). . Statista. These philosophies have guided the company to a prolific number of acquisitions over the past three decades, including Celine in 1996, Sephora in 1997, Fendi in 2001, and more recently, Fenty in 2019 and Tiffany & Co. in 2021. Prada Sells Stake in Fendi for $265 Million.. Related Visual Resources Bernard Arnault's Net Worth Slow Fashion Patagonia Business Model Patagonia Organizational LVMH Revenue Read More What Are Masstige Brands? Sephora has more store locations than its rival. Within the context of a gradual recovery from the health crisis, LVMH is confident in its ability to maintain its current growth momentum. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2022, broken down by geographic region. Sreenshot of LVMH page. Most recognizable for: Benefit is a cosmetics company, best known for its makeup. To use individual functions (e.g., mark statistics as favourites, set In, LVMH. The brand was founded in 1946 by its namesake founder. statistic alerts) please log in with your personal account. LVMH Mot Hennessy Louis Vuitton (French: [motnsi lwi vit]), commonly known as LVMH, is a French multinational holding and conglomerate specializing in luxury goods, headquartered in Paris. DFS was still affected by the health situation in China. Strong revenue growth in Asia and the United States and a gradual recovery in Europe. Average salary for LVMH Senior Revenue Accountant in Hoddesdon, England: [salary]. . Trillionaire Definition: How Much Money Is That and Who Will Be First? Revenue up 18% for the Watches and Jewelry Business Group. The Leading Source of Insights On Business Model Strategy & Tech Business Models. It's a timely pivot as the brand faces cultural . The company had total revenues of 79.2 billion euros that year. Profit from recurring operations was back in positive territory in 2021. Leading personal luxury goods markets worldwide 2020, by country, Revenue of the Kering Group worldwide from 2012 to 2022, by brand, Total revenue of the LVMH Group worldwide 2008-2022, Total sales of the Richemont Group worldwide 2008-2022. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . Watches & Jewelry: strong rebound in own stores and successful integration of Tiffany. Profit from recurring operations was nearly nine times higher than 2020 and returned to 2019 levels. Headquartered in Switzerland, Hublot managed to establish a foothold in the competitive watch market with a blend of traditional watchmaking techniques, unconventional materials, and cutting-edge technology. In 2020, the company, like the rest of . Arnault, the wealthiest person in France and one of the wealthiest in the world, is Chair and CEO of LVMH, the world's largest luxury conglomerate. Arnaults investment in Christian Dior predates the existence of LVMH as it currently stands. 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. Momentum was particularly strong in North America, Europe, the Middle East and in most Southeast Asian countries. LVMH purchased Le Parisien from the media group Amaury in 2015. In, LVMH. As official timekeeper, Hublot enjoyed strong visibility during the 2022 Football World Cup. 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/. At the time, the company noted that it would enable its Louis Vuitton division to establish a strong position in fashion and accessories. Learn more about Sephora and find answers to your questions regarding Company leadership, stores and the Beauty Insider program. Belvedere. View LVMH (www.lvmh.com) location in Ile-de-France, France , revenue, industry and description. The currency effect was -2%. The below chart illustrates how LVMH reports the diversity of its management and workforce. The shade range has since expanded to 50 shades. The balance of 7 euros will be paid on April 28, 2022. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings. LVMH reported a 15 percent drop in its first-quarter revenue compared with a year earlier, to 10.6 billion ($11.5 billion) as the coronavirus froze business in China. Fashion giant Christian Dior is famous for its designer clothing and is part of LVMHs highly profitable Fashion and Leather Goods group. It . Fashion & Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019. Profit from recurring operations stood at 21.1 billion for 2022, up 23%. Bernard Arnault's wealth is around $203 billion. He is now the fourth-richest person in the world, with a net worth of $113 billion. Prior to the acquisition, LVMH's total revenue from the Watches & Jewelry segment was at EUR 3.3bn, 18% lesser than Tiffany's. That Tiffany saw a marginal decline in revenue recently could be seen as a red flag. The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). After three years of renovations, the Maisons historic store at 30 avenue Montaigne, which reopened in Paris in early 2022, enjoyed huge success, offering a new experience of the highest refinement. Champagne volumes were up 6%, driven by sustained demand leading to growing pressure on supplies. [Online]. Visit Business Insider's homepage for more stories. Christian Dior Couture had an excellent year with exceptional growth in all its product categories among local customers. Condensed consolidated accounts for 2022 are included in the PDF version of the press release. Known for creativity and colorful jewelry designs, Bulgari has been at the forefront of luxury goods since its founding in 1884 by Sotirio Bulgari. It then acquired the remaining 70% of the company in 1996 for an undisclosed sum. Please do not hesitate to contact me. Sales in the fourth quarter even rose by +56.6% at 476 million euros, compared with 2021. 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. 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. 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. It was founded by Dominique Mandonnaud. 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. In the process, it outbid compatriot Pernod Ricard. Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). The New York Times. Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy. 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. Christian Dior continued its remarkable growth trajectory across all its product lines. These include TAG Heuer, Zenith, and collections from jewelers such as Fred, Chaumet, and De Beers. Its new "Lock" collection, seen above, was especially popular. Good performance of the other Watches & Jewelry Maisons. . The ideal entry-level account for individual users. Use Ask Statista Research Service. While the number of brands in this portfolio has remained consistent over the past decade, the number of branded stores and . 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. Top editors give you the stories you want delivered right to your inbox each weekday. 5. 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. The Arnault family group owns 48.18% of the capital for LVMH with 63.9% voting power, making . statistic alerts) please log in with your personal account. But this is not the first time that LVMH has spotted opportunity in a prized brand, which has hit upon troubled times. China and the United States experienced a strong rebound. Hennessy is owned by Mot Hennessy, which is in turn owned by Bernard Arnault's LVMH. Their stock has increased 200 euros (150 euros to 350 euros)over 3 years and now they have a market capitalization of $176 billion. It is sold in Sephora, which is also an LVMH brand. Watches & Jewelry: rapid growth in jewelry and watches. Appointments at Louis Vuitton and Christian Dior Co 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-record-year-for-lvmh-in-2022/. Find related and similar companies as well as employees by title and much more. Show publisher information 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. An interim dividend of 3 euros per share was paid on December 2 of last year. The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). Doubled operating profit. A strong social and economic footprint in France. Record Results for LVMH in 2019. 1971 (Mot & Chandon) (Hennessy) . Fashion & Leather Goods: exceptional performances by Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs. But the coronavirus pandemic and its negative effects on the luxury jewelry market prompted Arnault to renegotiate a discount from the originally agreed-upon acquisition price. Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. The brand made headlines after launching a collection of luggage with the brand Supreme in December 2018. LVMH purchased the rights to Loewes international distribution in 1986. In LVMH's recent earnings call, CEO Bernard Arnault declared Louis Vuitton is no longer just a fashion brand but a cultural creative company. . CEO Bernard Arnault was swift to reawaken Moynat with stores in Paris, London, and Hong Kong. Celebrities such as Rihanna and Jennifer Lawrence are noted faces of the brand. (LVMH) has entrusted an investment services provider with a mandate for the acquisition . The company has seen major success with its strategy of acquiring many different luxury brands across multiple areas. 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.. 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 . Sephora surpassed its 2019 level of activity, benefiting from the strong rebound in its stores and the continued momentum of its online sales. (January 26, 2023). Tiffany and LVMH Modify Merger Price., The Wall Street Journal. LVMH didn't just survive last year, it thrived. Gross capital expenditures over 3 billion. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. 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 . Le Bon March continued to develop innovative concepts and benefited from the return of a loyal French customer base. 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. > PDF Version. ParisLVMH had a strong year in 2022, posting record revenue growth in its fashion and leather goods segment. LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. Sustained creative momentum for all our Watches & Jewelry Maisons, in particular Tiffany, Bulgari and TAG Heuer. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022; Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. 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 . (January 26, 2023). The company offers necklaces, bracelets, earrings, rings, and watches, as well as a variety of home accessories and fragrances. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since 1989, Louis Vuitton has been led by chair and CEO Bernard Arnault. "Some brands are over-present, which can damage their brand, but others are too pure and aren't part . Free Tools ; Leads by Industry . 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. Fendi. Les Mtiers dExcellence LVMH back on tour! Revenue for the third-quarter (ending on September 30) totaled 19.8 billion euros ($19.2 billion), up 19 percent compared to Q3 2021. Accessed March 05, 2023. https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, LVMH. Chaumet unveiled an exclusive diamond cut, the Taille Impratrice, and showcased its unique heritage through the Josphine and Napolon exhibition at the heart of the Maisons iconic 12 place Vendme address in Paris. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. We also reference original research from other reputable publishers where appropriate. January 26, 2023. This was showcased during our hugely successful LVMH Journes Particulires, when we opened our doors to all in fifteen countries in 2022 and saw a record number of visitors come to learn about the know-how of our artisans. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2021, by segment. 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. LVMH's core brands LV, Dior and Fendi all saw record revenue, with China and the US driving the growth. LVMHs market capitalization was $390.9 billion as of July 7, 2021. The Dior brand has proven a staple of Arnaults holdingsand, in turn, LVMHs businessever since. Posted 12:00:00 AM. 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.
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