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. LVMHs market capitalization was $390.9 billion as of July 7, 2021. Sephora surpassed its 2019 level of activity, benefiting from the strong rebound in its stores and the continued momentum of its online sales. May 24, 2022. Then you can access your favorite statistics via the star in the header. * The financial statements as of December 31, 2013 and 2012 have been restated to reflect the retrospective application as of January 1, 2012 of IFRS 11 Joint Arrangements. Lenore Fedow lenore.fedow@nationaljeweler.com. Since 1989, Louis Vuitton has been led by chair and CEO Bernard Arnault. CEO Bernard Arnault was swift to reawaken Moynat with stores in Paris, London, and Hong Kong. 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. According to Interbrand, LVMH owns three different brand names that are among the 100 most valuable brands in the world. The performance for the year confirms a return to strong growth momentum following the severe disruption to the first half of 2020 resulting from the global pandemic. Mot Hennessy itself was the product of a merger between Mot & Chandonproducer of luxury champagne brand Dom Perignonand cognac maker Hennessy in 1971. Its new "Lock" collection, seen above, was especially popular. Operating free cash flow of more than 10 billion. 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. LVMH to Acquire Bulgari After Agreeing to Buy Family Stake., The Wall Street Journal. Conglomerate: Definition, Meaning, Creation, and Examples. "Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros)." . Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). 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. Most recognizable for:Rimowa is a luggage company. Record Results for LVMH in 2019. "Some brands are over-present, which can damage their brand, but others are too pure and aren't part . Significant revenue growth for all business groups and market share gains worldwide. 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. Posted 12:00:00 AM. Le Bon March continued to develop innovative concepts and benefited from the return of a loyal French customer base. In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . The buyout would make it more difficult to compete with LVMH, especially after it reported annual revenue of more than $83 billion in 2022, far ahead of Richemont's $20 billion. LVMH. At the time of LVMHs acquisition, Sephora was part of a family of brands owned by founder Dominique Mandonnaud. Bvlgari confirmed its strong momentum, particularly in Europe, Japan and the United States. 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. The deal is also expected to strengthen Tiffanys presence in Europe and China. Sephora is a brand owned by Bernard Arnault that deals with personal care and beauty products. In the watchmaking sector, TAG Heuer unveiled, among other innovations, the Carrera Plasma, an avant-garde fusion of watchmaking and lab grown diamonds. Known for creativity and colorful jewelry designs, Bulgari has been at the forefront of luxury goods since its founding in 1884 by Sotirio Bulgari. Most recognizable for: Givenchy is best known for creating the iconic little black dress Audrey Hepburn wore in the film "Breakfast at Tiffany's.". 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. All business groups achieved significant organic revenue growth over the year (see table . 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. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. LVMH Diversity & Inclusiveness Transparency. Condensed consolidated accounts for 2022 are included in the PDF version of the press release. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. Belvedere. Loewe, energized by the talent of JW Anderson, and Marc Jacobs also performed particularly well. 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. A remarkable performance by the Fashion & Leather Goods business group, notably Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs, which are gaining market share globally and reaching record levels of revenue and earnings. It's a timely pivot as the brand faces cultural . Accessed March 05, 2023. https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, LVMH. The Board of Directors met on January 26th to approve the financial statements for 2022. Two years later, LVMH purchased Prada's 25.5% stake in Fendi for $262 million to take control of the company. 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. Learn more about how Statista can support your business. Le Parisien is a general interest news media brand that is read by around 18 million people across various formats each month. 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. Show publisher information In 2020, the company, like the rest of the luxury sector, was economically impacted by the pandemic and store closures throughout the world. The company is known for its fur, leather goods, and other luxury products. At the time, the company noted that it would enable its Louis Vuitton division to establish a strong position in fashion and accessories. 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 . Profit from recurring operations was up 20%. 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. Most recognizable for: Freshis known for its expansive collection of natural products. Most recognizable for: Benefit is a cosmetics company, best known for its makeup. In the process, it outbid compatriot Pernod Ricard. Revenue for the third-quarter (ending on September 30) totaled 19.8 billion euros ($19.2 billion), up 19 percent compared to Q3 2021. 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. 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. LVMH touts Woodinville as one of the top craft distilleries in America and more than just a whiskey. The company was started in Woodinville, Washington state, and makes artisanal, small-batch brown spirits. statistic alerts) please log in with your personal account. With the month of January having started well and despite an uncertain geopolitical and economic environment, LVMH is confident in its ability to continue the growth observed in 2022. Travel retail activities still held back by international travel. Hublot is a luxury watchmaker that was founded in 1980 by Italian entrepreneur Carlo Crocco. Get full access to all features within our Business Solutions. Many new products were unveiled in leather goods, jewelry and watches. Revenue in LVMH's jewelry and watches category was up 18% to $11.35 billion in 2022, . LVMH to Take Control of Christian Dior in $13.1 Billion Deal., The Fashion Law. 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. About. LMVH acquired Glenmorangie in 2004 for around 300 million which represented a 6% premium on the companys then-market capitalization. Louis Vuitton annual revenue for 2019 was $60.11B, a 8.7% increase from 2018. by brand. Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers. 2022 FULL YEAR RESULTS. Them and about 66 other iconic brands belong to the world's first and now largest luxury group, LVMH, or Louis Vuitton Mot Hennessy. 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. Business Solutions including all features. Paris, February 28 th, 2023. At the General Meeting of April 20, 2023, LVMH will propose a dividend of 12 euros per share. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Mot Hennessy, which was established following the 1971 merger between the champagne . 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. Tiffany and LVMH Modify Merger Price., The Wall Street Journal. 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. LVMH spends 2 billion to acquire an 80 percent stake in the Italian luxury textile and ready-to-wear company Loro Piana. Asia was stable over the year due to developments in the health situation in China. The new products at Zenith have been highly successful. LVMH acquired a 40% stake in Belvedere owner Millennium Import Company in 2002 with the stake increasing to 100% in 2005. Feb 6, 2023. 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. 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. LVMH and Tiffany to Have Short Honeymoon., LVMH. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2021, by segment. In 1984, Bernard Arnault learned that Christian Dior was for sale. 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 1846, Loewe is LVMH's oldest luxury fashion house.. A remarkable rebound for Sephora, which confirmed its place as world leader in the distribution of beauty products. 1987 (Mot Hennessy) . Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. 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. Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. 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. The deal is still the largest and most expensive in the luxury sector and is set to close in early 2021. Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. Zenith continued to expand its in-store and online distribution. Sreenshot of LVMH page. Revenue up 18% for the Watches and Jewelry Business Group. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) Statista, https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph], LVMH, January 26, 2023. In addition to signing a partnership with the European online platform Zalando, Sephora acquired the British online distributor Feelunique, which specialises in prestige beauty. 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. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. Both up 23% 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 owner of Louis Vuitton, Dior, Bvlgari and TAG Heuer recorded revenue of 64.2 billion last year. Investopedia does not include all offers available in the marketplace. Group share of net profit amounted to 12 036 million, up 156% compared to 2020 and up 68% compared to 2019. Then, LVMH became the majority stakeholder in November 2001, when it agreed to buy Pradas stake. The Octo Finissimo Ultra watch broke a new record of thinness. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. LVMH Net Profit Jumps 156% in 2021, Boosted by Strong Q4. **Selective retailing relates to retail designed for international traveler customers (travel retail), DFS and Miami Cruiseline. In 1994, it started to be distributed around the country and became known as Aujourdhui en France. LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the . Bernard Arnault acquired a stake in Sephora in 1997. The firm has named a new team to lead Tiffany, which . The Dior brand has proven a staple of Arnaults holdingsand, in turn, LVMHs businessever since. LVMH is a France-based holding company that acquires, owns, operates and manages consumer goods brands. A strong social and economic footprint in France. 2016. Profit from recurring operations was up 22%. Belvedere is a Polish rye vodka brand that was founded in 1993. . Most recognizable for: Fendi is a luxury brand, best known for its signature "F" print. Watches and Jewelry remains one of the smaller LVMH groups when it comes to profit. In 2022, the LVMH Group generated approximately 21.6 billion . Officine Universelle Buly was revived in 2014 by Ramdane Touhami and Victoire de Taillac who had a passion for sharing Frances beauty care heritage. Christian Dior enjoyed a remarkable performance, strengthening its lead. Arnault purchased Parisian textile group Boussac, in bankruptcy protection, in 1984 for a symbolic one franc. True to tradition, the company mostly focuses on making one item at a time and much of the stitching is done by hand. If you are an admin, please authenticate by logging in again. 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. 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. French luxury giant LVMH has completed its purchase of US jeweller Tiffany, having previously sought to walk away from the deal. What we believe is most impressive is the organic growth, it is clear LVMH's strategic . Operating margin remained at the same level as 2021. By clicking Sign up, you agree to receive marketing emails from Insider Tiffany, Christian Dior, Veuve Clicquot, Fendi, Bulgari, and Sephora are major brands owned by LVMH (Mot Hennessy Louis Vuitton). Access your favorite topics in a personalized feed while you're on the go. How One Franc Turned LVMH into the Worlds Largest Luxury Group., XE. Prada Sells Stake in Fendi for $265 Million.. Profit from recurring operations was up 16%. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. In 2021, Hennessy's revenue rose by 26 percent and gave a $6.7 billion revenue. Indeed Arnault is the CEO and chairman of the luxury goods conglomerate LVMH Mot Hennessy Louis Vuitton, a massive luxury group that generated over 79 billion in revenue ($83 billion) in 2022, spanning across wines, fashion, cosmetics, and retail. Organic sales in the luxury conglomerate's key fashion and leather goods division rose 51 percent in the fourth quarter, versus the same . Visit Business Insider's homepage for more stories. Selective Retailing: good performance of Sephora; DFS still impacted by limited recovery in international travel. 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/. Watches & Jewelry: strong rebound in own stores and successful integration of Tiffany. The offers that appear in this table are from partnerships from which Investopedia receives compensation. According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. The details of the deal were undisclosed. Access information. Chart. Good performance of the other Watches & Jewelry Maisons. Mot Hennessy strengthened its global portfolio of exceptional wines with the acquisition of the Joseph Phelps vineyard, one of the most renowned wine properties in Napa Valley, California. Plus, LVMH does not have a shortage of high jewelry brands in its wheelhouse. Most recognizable for: Hennessy is one of the most famous cognac brands in the world. The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. But this is not the first time that LVMH has spotted opportunity in a prized brand, which has hit upon troubled times. Two years later, LVMH purchased Pradas 25.5% stake in Fendi for $262 million to take control of the company. We also reference original research from other reputable publishers where appropriate. A conglomerate is a company that owns a controlling stake in smaller companiesindependent operators in similar, but sometimes unrelated, industries. Momentum was particularly strong in North America, Europe, the Middle East and in most Southeast Asian countries. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. His initial demand for an 11% reduction in the deal price was met with a lawsuit from Tiffany intended to ensure the enforcement of the initial acquisition agreement. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022; Audit procedures have been carried out and the audit report is being issued. The below chart illustrates how LVMH reports the diversity of its management and workforce. 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. 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. La Samaritaine, which reopened in Paris in June after an ambitious renovation, saw an encouraging level of customer traffic. Fashion & Leather Goods notably reached record levels over the period, recording organic revenue growth of 51% compared to 2019.