Total revenue of the LVMH Group worldwide 2008-2023
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 2023 returning over 42 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.
