All business groups achieved significant organic revenue growth over the year (see table on page 3). Bernard Arnault, Chairman and CEO of LVMH, said: LVMH enjoyed a remarkable performance in 2021 against the backdrop of a gradual recovery from the health crisis. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. Reuters. Most recognizable for: Le Parisien is one of the most notable tabloids in France, along with Le Figaro and Le Liberation. It reported net profit of 4.7 billion on revenue of 44.7 billion ($53.0 billion) in 2020. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. The brand recently launched a collection with rapper Nicki Minaj. The brand's headquarters are in Cognac, France, about a five-hour drive from Paris. Hennessy is owned by Mot Hennessy, which is in turn owned by Bernard Arnault's LVMH. Top editors give you the stories you want delivered right to your inbox each weekday. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. It was founded in 1668. Investopedia requires writers to use primary sources to support their work. Profit from recurring operations was up 16%. Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). Christian Dior continued its remarkable growth trajectory across all its product lines. 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. Tiffany, Christian Dior, Veuve Clicquot, Fendi, Bulgari, and Sephora are major brands owned by LVMH (Mot Hennessy Louis Vuitton). The Board of Directors met on January 26th to approve the financial statements for 2022. Use Ask Statista Research Service. The Groups organic revenue growth of 22% in the fourth quarter compared to 2019 reflects the accelerated growth of its activities. Most recognizable for: Le Bon March is recognized as being the world's first department store. 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, the world's largest luxury goods company, has just released its results for 2022. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. About. LVMH does not typically provide revenue and sales figures for its individual brands. Profit from the additional features of your individual account. It reported net profit of 4.7 billion on revenue of 44 . Bernard Arnault's wealth is around $203 billion. In watchmaking, TAG Heuer inaugurated a major partnership with Porsche and successfully launched a Super Mario limited edition of its smartwatch for gaming enthusiasts. Operating free cash flow surpassed 10 billion. This shows if LVMH discloses data about the diversity of its board of directors, C-Suite, general management, and employees overall across a variety of markers. LVMH has also been in the news this year after it threatened to call off its multibillion-dollar acquisition of US jeweler Tiffany and Co., first announced for $16.2 billion in 2019, but reduced to $15.8 billion in the fall after a lengthy dispute between the two firms. Audit procedures have been carried out and the audit report is being issued. LVMH. Founded in 1969, Sephora is a retailer of personal care and beauty items, with roughly 15,000 different products on offer as of this writing. Organic revenue growth was up by 36 percent and 14 percent compared to 2020 and 2019, with the group . The structural impact for the Group was zero and the currency effect was +6 %. The Paris store is noted for its high-end retail and careful selection of goods across the store. For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. Most recognizable for: Givenchy is best known for creating the iconic little black dress Audrey Hepburn wore in the film "Breakfast at Tiffany's.". 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 luxury goods market took a further leap forward, and it has been another record year for the French powerhouse, with a revenue of EUR 79.2 billion, up 23% compared to 2021. ParisLVMH had a strong year in 2022, posting record revenue growth in its fashion and leather goods segment. 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/. The salaries of the groups employees are among the most competitive in their sector of activity. Organic revenue growth of 36% Profit from recurring operations was nearly nine times higher than 2020 and returned to 2019 levels. The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. Bernard Arnault, Chairman and CEO of LVMH, said: Our performance in 2022 illustrates the exceptional appeal of our Maisons and their ability to create desire during a year affected by economic and geopolitical challenges. It is also recognized as one of "the big four" cognacs alongside Courvoisier, Remy Martin, and Martell. The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). Data prior to 2021 are derived from a previous edition of the publication. CEO Bernard Arnault was swift to reawaken Moynat with stores in Paris, London, and Hong Kong. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) Statista, https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph], LVMH, January 26, 2023. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings. The deal, which LVMH announced in March 2011, dramatically expanded the companys Watches and Jewelry business group. Most recognizable for: Dior is a luxury brand, best known for its gowns and handbags. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Over the past decade, LVMH enjoyed ever-increasing global revenue . Hennessy is on spot 95 on the list and Dior is on spot 82 on the list of . Profit from recurring operations was up 48%. LVMH organizes its brands into branches, . This was facilitated by an updated label and the ability of Glenmorangie to leverage LVMHs extensive distribution network. 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. Sales for LVMH amounted to 64.2 billion euros ($71.55 billion) for the 2021 fiscal year, an increase of 44 percent compared to the year before and 20 percent compared to pre-pandemic 2019, the French luxury goods group reported on Thursday. Most recognizable for:Luxury jewelry brand Bulgari is known for its watches and diamond necklaces. Champagne volumes were up 6%, driven by sustained demand leading to growing pressure on supplies. Prada Sells Stake in Fendi for $265 Million.. * with comparable structure and constant exchange rates. The company was established in 1846 when a group of Spanish leather craftsmen in Madrid were joined by Enrique Loewe, a merchant of Hessian origin. 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: Mot & Chandon is one of the most famous Champagnes in the world. * 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. Christian Dior Couture had an excellent year with exceptional growth in all its product categories among local customers. Belvederes vodka contains zero additives in accordance with specific regulations and is also certified kosher. 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. Chart. The revenue and profits achieved a sharp increase compared to 2019. Watches & Jewelry: rapid growth in jewelry and watches. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in . The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. LVMHs Selective Retailing business group, of which Sephora is a part, generated a loss of 0.2 billion on 10.2 billion in revenue in 2020. Significant revenue growth for all business groups and market share gains worldwide. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across businesses and geographic areas in which its customers are located, LVMH enters 2023 with confidence and once again, sets an objective of reinforcing its global leadership position in luxury goods. Profit from recurring operations was back in positive territory in 2021. The company is known for its fur, leather goods, and other luxury products. Loewe (/ l o v /, Spanish: ) (stylized as LOEWE) is a Spanish luxury fashion house specialising in leather goods, clothing, perfumes and other fashion accessories. Since that time, Fendi has become known for craftsmanship and innovation while remaining true to its Roman roots. Tugba Sabanoglu. Prada Reaches a Deal to Sell Stake In Fashion House Fendi to LVMH., The New York Times. Them and about 66 other iconic brands belong to the world's first and now largest luxury group, LVMH, or Louis Vuitton Mot Hennessy. The French retail empire LVMH (LVMH Mot Hennessy - Louis Vuitton) is the largest luxury conglomerate in the world, its revenue surpassing a record-breaking $51 billion in 2018 alone. Learn more about how Statista can support your business. Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers. LVMH Mot Hennessy Louis Vuitton reported revenue of 36.7 billion euros ($37.15 billion) in the first half of the year, up 28 percent compared to the first six months of 2021, with the French luxury goods group touting "double-digit organic revenue growth" for all of its business groups during the first half and strong growth coming from Europe, Japan and the U.S. Most recognizable for: Dom Prignonis one of the oldest companies in LVMH's portfolio. Available: https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment, Value of various global luxury markets 2022, by market type, Market size of the global personal luxury goods market 2021, by product, Value of the global personal luxury goods market in 2022, by format, Value of the online personal luxury goods market worldwide 2004-2021, Sales of the leading luxury companies worldwide 2012-2021, Revenue of the Kering Group worldwide from 2012 to 2022, by brand, Global revenue share of Gucci in 2022, by product category, gucci.com: E-Commerce net sales from 2014 to 2022, Global brand value of Gucci from 2016 to 2022, Most valuable clothing companies in the world, by brand value 2021-2022, Leading fashion luxury brands based on Media Impact Value in the U.S. Q3 2021, Leading fashion luxury brands based on Media Impact Value in Europe Q3 2021, Leading fashion luxury brands based on Media Impact Value in China Q4 2021, Revenue of the LVMH Group worldwide by segment 2008-2022, LVMH Group's revenue share worldwide from in 2022, by geographic region, Global revenue of Michael Kors from 2012-2022, Michael Kors' global revenue in 2022, by region, Capri Holdings' revenue share worldwide in 2022, by brand, Net sales share of Capri Holdings worldwide in 2022, by segment, Total revenue of Herms worldwide 2007-2021, Revenue breakdown of Herms worldwide 2021, by geographical region, LVMH Group's revenue in the U.S. 2008-2022, LVMH Group's half-year revenue by segment 2007-2022, Revenue share of LVMH Group's perfumes and cosmetics segment 2018, by product, Distribution of the LVMH Group's workforce worldwide 2014-2021, by age, Sales of LVMH Group's wine and spirits segment 2011-2021, Breakdown of selective distribution sales value from LMVH 2015-2021, by region, Luxury goods market worldwide by segment share in 2007 and 2012, Luxury categories with rising purchase intent among Chinese consumers 2011-2013, Distribution by product of the shopping budget of Chinese tourists in France 2016, Popular products among millionaires when shopping abroad 2012, Italy: growth forecast for luxury sector in 2016, by product category, Italy: growth forecast for luxury sector in 2016, by destination market, Top reasons chosen by consumers for in-store purchase of luxury products in 2017, Demand for key luxury product types over next year in China 2017, by generation, Industry revenue of retail sale of watches and jewellery in Belgium 2012-2025, Industry revenue of retail sale of watches and jewellery in France 2012-2025, Bosnia: number of enterprises in the manufacture of watches & clocks 2011-2014, Turkey: number of enterprises in the manufacture of watches & clocks 2009-2014, Ireland: number of enterprises in the manufacture of watches & clocks 2008-2014, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros), Find your information in our database containing over 20,000 reports. The Fashion & Leather Goods business group recorded organic revenue growth of 47% in 2021 compared to 2020 and 42% compared to 2019. Organic revenue growth was 10%. In 2020, the company, like the rest of . by brand. LVMH Net Profit Jumps 156% in 2021, Boosted by Strong Q4. 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. (January 26, 2023). LVMH and Tiffany to Have Short Honeymoon., LVMH. Leading personal luxury goods markets worldwide 2020, by country, Revenue of the Kering Group worldwide from 2012 to 2022, by brand, Total revenue of the LVMH Group worldwide 2008-2022, Total sales of the Richemont Group worldwide 2008-2022. In 2021, Hennessy's revenue rose by 26 percent and gave a $6.7 billion revenue. 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. LVMH acquired Kenzo in 1993 for around $80 million. Use Ask Statista Research Service. Italian luxury fashion house Fendi was founded by Adele and Edoardo Fendi in 1925. The LVMH brand Belmond will manage the Hotel Romazzino, which will open for the 2024 season as the "Romazzino, A Belmond. Veblen Good: Definition, Examples, Difference from Giffen Good, High Earners, Not Rich Yet (HENRYs) Definition, The 4 Ps of Marketing and How To Use Them in Your Strategy, improve the awareness of the importance of diversity in companies, Creating Stability in the International Fashion Industry by Using Corporate Structures and Conglomerates, How One Franc Turned LVMH into the Worlds Largest Luxury Group, 1 EUR to USD Convert Euros to US Dollars. . 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. Growth was particularly strong in the United States and Europe, which benefited from the reopening of restaurants and the gradual recovery in regional tourism. PARISLVMH Mot Hennessy Louis Vuitton SE said surging revenue at its biggest fashion brands, Louis Vuitton and Dior, propped up the luxury-goods company's results during the fourth quarter . In, LVMH. The name was shortened to Le Parisien in 1986 with the publication at the time a regional daily newspaper. Maison Francis Kurkdjian continued to enjoy rapid growth momentum thanks to the ongoing success of Rouge 540, particularly in the United States. Masstige Brands In A Nutshell, Bernard Arnault Empire: LVMH Group Business Model In A, Vision Statement Examples From The Most Valuable Brands, An Entire MBA In Four Weeks By FourWeekMBA, Business Strategy Book Bundle By FourWeekMBA, Digital Business Models Podcast by FourWeekMBA, [MM_Member_Data name=membershipName] Home Page, LVMH and Prada joined forces to take a 51% stake in Fendi in a deal reportedly worth $850 million, LVMHs acquisition of Woodinville in 2017, LMVH acquired Glenmorangie in 2004 for around 300 million, LVMH acquired Kenzo in 1993 for around $80 million. The luxury titan reported double-digit revenue . The performance for the year confirms a return to strong growth momentum following the severe . Selective Retailing: excellent performance by Sephora; DFS impacted by the health situation in China. Audit procedures have been carried out and the audit report is being issued. The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. January 26, 2023. LVMH didn't just survive last year, it thrived. The first boutique opened in Galerie Vivienne, with the company becoming known for a mix of prints, refined colors, and exuberant but cultured and optimistic creativity. Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. Show publisher information Find related and similar companies as well as employees by title and much more. Good growth in Champagne and Cognac, based on a value creation strategy. The company is part of the Spanish luxury fashion house Loewe which also specializes in clothes, leather products, and other accessories. The balance of 7 euros will be paid on April 28, 2022. Le Bon March continued to develop innovative concepts and benefited from the return of a loyal French customer base. Tiffany and LVMH Modify Merger Price., The Wall Street Journal. In Selective Retailing, organic revenue was up 18% compared to 2020 and down 18% compared to 2019 due to the impact of travel retail. The Group and its Maisons carried out numerous actions in 2021 to promote biodiversity, protect nature and to preserve skills and craftsmanship, and will continue to do so in the years to come. In 2020, LVMH saw 1.4 billion in profit on total revenue of 4.8 billion from its Wines and Spirits group, of which Veuve Clicquot is a significant member. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. LVMH is the world's largest luxury goods conglomerate and is best known for owning brands such as Louis Vuitton and Givenchy. FD: Financial documents as at December 31, 2022. Le Parisien is a general interest news media brand that is read by around 18 million people across various formats each month. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. These business groups own brands such as Fendi, Givenchy, TAG Heuer, and many more. 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, DF : Financial documents as at December 31, 2021. True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. Prices start at around $40 a bottle. Profit from recurring operations 21 billion euros With a strong rebound in activity in its stores, Sephora enjoyed a record performance in both revenue and earnings. The company specializes in fur, leather, ready-to-wear, shoes, perfumes, eyewear, watches, and other accessories. 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. Louis Vuitton is a good example of this. The regulated information related to this press release as well as the presentation of annual results and the Financial Documents report are available on www.lvmh.com. Belvedere. As official timekeeper, Hublot enjoyed strong visibility during the 2022 Football World Cup. Posted 12:00:00 AM. statistic alerts) please log in with your personal account. A record year despite the geopolitical and economic situation. The regulated information related to this press release as well as the presentation of the annual results and the Financial documents report are available on the websitewww.lvmh.com The firm has named a new team to lead Tiffany, which . The world's biggest luxury group, whose brands include Louis Vuitton, Givenchy and TAG Heuer, said 2022 sales soared 23% to a record 79 billion euros ($86 billion), and net profit jumped 17% to . The Leading Source of Insights On Business Model Strategy & Tech Business Models. Parfums Givenchy benefited from the continued success of its fragrances. Maison Francis Kurkdjian supports efforts to protect sperm whales. As of 2020, Sephora had revenue of 10.2 billion. Sephoras Russian business was divested. Profit from recurring operations was up 22%. At the General Meeting of April 20, 2023, LVMH will propose a dividend of 12 euros per share. Founded in 1846, Loewe is LVMH's oldest luxury fashion house.. Figures prior to 2020 were taken from previous editions of the publication. Year acquired by LVMH:Fenty Beauty by Rihanna (2017), Fenty (2019), Type of goods:Cosmetics & Luxury Clothes. The currency effect was -2%. LVMH's Profile, Revenue and Employees. 2015. Founded in the late 18th century by Philippe Clicquot, the Clicquot winemaking business that eventually became Veuve Clicquot was well known in its early years among champagne connoisseurs across Europe and the U.S. The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). The French luxury conglomerate, which helms 75 top-tier brands including Louis Vuitton and Tiffany & Co., raked in a record . When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. 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. Doubled operating profit. This was showcased during our hugely successful LVMH Journes Particulires, when we opened our doors to all in fifteen countries in 2022 and saw a record number of visitors come to learn about the know-how of our artisans. 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. [Online]. Currently, you are using a shared account. Its parent company Boussac had filed for bankruptcy and the French government was looking for a buyer for the Paris-based brand that owned a number of companies, including Dior. Le Parisiens mission is to provide quality, unbiased information that covers a vast range of subjects. Most recognizable for: The brand is known for its bright orange shopping bags and its leather products, which are usually heavily emblazoned with its "LV" logo. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. Louis Vuitton, which celebrated the 200th anniversary of the birth of its founder, enjoyed a remarkable performance, driven by the success of Nicolas Ghesquires creations for the feminine universe of the Maison. The T Gallerias in Macau nevertheless performed well thanks to growing demand from local customers and DFS launched operations in Hainan. "Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros)." Revenue share of the Kering Group worldwide in 2022, by brand. 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. Sephora has more store locations than its rival. 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. Two years later, LVMH purchased Pradas 25.5% stake in Fendi for $262 million to take control of the company. The company had total revenues of 79.2 billion euros that year. Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. Known for creativity and colorful jewelry designs, Bulgari has been at the forefront of luxury goods since its founding in 1884 by Sotirio Bulgari. The Arnault family group owns 48.18% of the capital for LVMH with 63.9% voting power, making . Fred continued its strong growth. Appointments at Louis Vuitton and Christian Dior Co 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-record-year-for-lvmh-in-2022/.