Revenue distribution of LVMH Asia 2023, by segment
In 2023, the fashion and leather goods segment accounted for about 39 percent of LVMH's revenue in Asia, excluding Japan. The watches and jewelry segment was the largest revenue group for LVMH in Japan in 2023.
About LVMH
LVMH Moët Hennessy Louis Vuitton, known as LVMH, is a French conglomerate specializing in luxury goods and is a parent company to numerous luxury brands, ranging from fashion and jewelry to wines and spirits. Louis Vuitton, the eponym of the group and the most valuable luxury brand in the world, earns its biggest revenue share from Asia.
LVMH in Asia
Asia is the largest consumer of luxury goods, with China, Japan, and South Korea being the leaders. There is a massive demand for luxury goods from the middle class in these economies, making them important strategic markets for LVMH.
Asia is home to the greatest number of LVMH stores. The first Louis Vuitton stores in Japan opened in Tokyo and Osaka in 1978, becoming a major heritage brand in the country. Stores in Singapore and Taipei followed up in 1979 and 1983, respectively. With a history of 30 years of operation in China, Louis Vuitton is the most popular luxury brand in the country.
