Moët Hennessy Louis Vuitton (LVMH) is one of the world’s leading luxury groups, parent to 75 luxury houses. Over the past decade, LVMH enjoyed ever-increasing global revenue, reaching over 53 billion euros in 2019. In 2022, bouncing fully back from the impact of the coronavirus (COVID-19) pandemic, the group’s revenue saw an increase of about 77 percent on 2022, ultimately amounting to 79.2 billion euros for the year. In the following year, the group reached a peak of over 86 billion euros in revenue.
Louis Vuitton
LVMH operates in five main luxury segments: fashion and leather goods, wines and spirits, watches and jewelry, perfumes and cosmetics, and selective retailing. Of these, fashion and leather goods generate the highest sales revenue, with 2021 returning 38.7 billion euros. Needless to say, Louis Vuitton drives the group’s fashion business. The luxury brand, which celebrated its 200th anniversary in 2021, has currently the highest brand value among the world’s leading luxury companies.
Tiffany & Co. acquisition
LVMH has an impressive portfolio of luxury Maisons including Christian Dior, Givenchy, Fendi, and Marc Jacobs, among others. In 2020, when the luxury industry was still reeling from the impact of the pandemic, LVMH acquired the iconic jewelry retailer Tiffany & Co. in a decisive move to strengthen its jewelry business. Other jewelry brands operating under LVMH include Chamet, Bulgari, and Fred.
Total revenue of the LVMH Group worldwide from 2008 to 2023
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* The financial statements as of December 31, 2013 and 2012 were restated to reflect the retrospective application as of January 1, 2012 of IFRS 11 Joint Arrangements.
Figures prior to 2022 were taken from previous editions of the publication.
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LVMH. (January 26, 2024). Total revenue of the LVMH Group worldwide from 2008 to 2023 (in million euros) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/
LVMH. "Total revenue of the LVMH Group worldwide from 2008 to 2023 (in million euros)." Chart. January 26, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/
LVMH. (2024). Total revenue of the LVMH Group worldwide from 2008 to 2023 (in million euros). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/
LVMH. "Total Revenue of The Lvmh Group Worldwide from 2008 to 2023 (in Million Euros)." Statista, Statista Inc., 26 Jan 2024, https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/
LVMH, Total revenue of the LVMH Group worldwide from 2008 to 2023 (in million euros) Statista, https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/ (last visited July 22, 2024)
Total revenue of the LVMH Group worldwide from 2008 to 2023 (in million euros) [Graph], LVMH, January 26, 2024. [Online]. Available: https://www.statista.com/statistics/245852/total-revenue-of-the-lvmh-group-worldwide/