Christian Dior benefited from the enormous success of Miss Dior and Sauvage. Use Ask Statista Research Service. Hublot is a luxury watchmaker that was founded in 1980 by Italian entrepreneur Carlo Crocco. It is also recognized as one of "the big four" cognacs alongside Courvoisier, Remy Martin, and Martell. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Louis Vuitton annual revenue for 2021 was $75.973B, a 48.95% increase from 2020. LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. 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. Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. LVMH Completes the Acquisition of Tiffany & Co., LVMH. LVMH Revenue - FourWeekMBA 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. The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). It's a timely pivot as the brand faces cultural . Get full access to all features within our Business Solutions. 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. 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. Chart. The online retail giant offers a wide variety of clothing, accessories, and footwear for . Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph]. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019. The Maison paid tribute to the life and legacy of this creative genius with the Miami fashion show, Virgil Was Here. 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. Business Solutions including all features. LVMH. Mot Hennessy Louis Vuitton (LVMH) is one of the world's leading luxury groups, parent to 75 luxury houses. Guerlain recorded excellent performance, driven by its Abeille Royale and Orchide Impriale skincare lines. 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. The Botanical Rainbow, for example, comprises nine fragrance families inspired by nature, while the Home Scents range captures the essence of a vegetable garden. The conglomerate is also acquiring jeweler, Bernard Arnault, chairman and CEO of LVMH, controls about half the company and has a. As of 2020, Sephora had revenue of 10.2 billion. 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.. China and the United States experienced a strong rebound. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Currently, you are using a shared account. * Includes all Belmond revenue for the period from April to September 2019. There are "whispers" in the luxury industry that LVMH founder and CEO Bernard Arnault is particularly targeting Cartier, Richemont's flagship jewelry and watch brand, the report said last week. statistic alerts) please log in with your personal account. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Total revenue of the LVMH Group worldwide 2022 | Statista 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 T Gallerias in Macau nevertheless performed well thanks to growing demand from local customers and DFS launched operations in Hainan. Fred continued its strong growth. It also incorporates Sephora and Le Bon March Rive Gauche. 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. The luxury titan reported double-digit revenue . In 2022, the company recorded $75.9 billion in revenue, $142.5 billion in assets and $14.2 billion in profit, per another Forbes report. LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). 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. Most recognizable for:Rimowa is a luggage company. Travel retail activities still held back by international travel. Doubled operating profit. 2016. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. Champagne volumes were up compared to 2019. Since the acquisition, LVMH has turned the Scottish whisky into a global sensation without diminishing the quality of the whisky itself. Profit from recurring operations 21 billion euros 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). Their stock has increased 200 euros (150 euros to 350 euros)over 3 years and now they have a market capitalization of $176 billion. The below chart illustrates how LVMH reports the diversity of its management and workforce. . Sephora surpassed its 2019 level of activity, benefiting from the strong rebound in its stores and the continued momentum of its online sales. 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. The health crisis continued to weigh on the activities of DFS due to the persistent weakness in the numbers of travelers. Most recognizable for: Freshis known for its expansive collection of natural products. Visit Business Insider's homepage for more stories. Within the context of a gradual recovery from the health crisis, LVMH is confident in its ability to maintain its current growth momentum. The details of the deal were undisclosed. It is sold in Sephora, which is also an LVMH brand. 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. Profit from recurring operations was nearly nine times higher than 2020 and returned to 2019 levels. Profit from the additional features of your individual account. The flagship destinations of Hong Kong and Macau particularly suffered as a result of the suspension of domestic travel and the complete absence of tourists but just reopened in January. Champagne volumes were up 6%, driven by sustained demand leading to growing pressure on supplies. Then you can access your favorite statistics via the star in the header. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings.