Fred continued its strong growth. The company had total revenues of 79.2 billion euros that year. Tugba Sabanoglu. The flagship destinations of Hong Kong and Macau particularly suffered as a result of the suspension of domestic travel and the complete absence of tourists but just reopened in January. Mot Hennessy Louis Vuitton (LVMH) is one of the world's leading luxury groups, parent to 75 luxury houses. Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph]. LVMH bought a stake in Fendi before becoming a majority stakeholder in 2001. LVMH owns 75 main brands split across five main businesses -- fashion and leather goods (46% of its revenue in the first nine months of 2020), selective retailing (24%), perfumes and cosmetics (12 . "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Segment (in Million Euros). A conglomerate is a company that owns a controlling stake in smaller companiesindependent operators in similar, but sometimes unrelated, industries. 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. Christian Dior enjoyed a remarkable performance, strengthening its lead. 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. Prior to the acquisition, LVMH's total revenue from the Watches & Jewelry segment was at EUR 3.3bn, 18% lesser than Tiffany's. That Tiffany saw a marginal decline in revenue recently could be seen as a red flag. LVMH. We also reference original research from other reputable publishers where appropriate. 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. Christian Dior benefited from the enormous success of Miss Dior and Sauvage. Following its huge success in Paris, London and Shanghai, the Christian Dior, Designer of Dreams exhibition was inaugurated in New York. Available: https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region, Value of the personal luxury goods market worldwide in 2020, by region, CAGR of the leading global luxury companies between 2018-2021, Leading 20 European luxury goods companies based on sales 2021, Central & Western Europe: revenue in the luxury goods market, 2012-2025, Central & Western Europe: revenue growth luxury goods market, 2013-2025, Second-hand luxury goods market revenue Europe 2021-2027, Fashion and luxury goods M&A deals worldwide in 2021, by region, Luxury cosmetics market revenue in Europe 2012-2025, Luxury fragrance market revenue in Europe 2012-2025, Central & Western Europe: revenue of luxury fashion, 2012-2025, Central & Western Europe: revenue prestige cosmetics & fragrances, 2012-2025, Central & Western Europe: revenue of luxury watches & jewelry, 2012-2025, Central & Western Europe: revenue of luxury eyewear, 2012-2025, Central & Western Europe: revenue of luxury leather goods, 2012-2025, LVMH Group's revenue worldwide 2008-2022, by geographic region, Revenue of the LVMH Group worldwide by segment 2008-2022, Total sales of the Richemont Group worldwide 2008-2022, by geographical region, Kering's global revenue from 2008 to 2022, Global revenue share of EssilorLuxottica in 2021, by geographical area, Shopping channel preference for luxury goods purchases in Europe quarterly 2022, Importance of luxury brands adopting sustainability in Europe quarterly 2021-2022, Importance of luxury/premium products by category in Spain 2022, Importance of luxury/premium products by category in Italy 2022, Importance of luxury/premium products by category in Germany 2022, Importance of luxury/premium products by category in France 2022, Importance of luxury/premium products by category in the UK 2022, Importance of luxury/premium products by category in Austria 2022, LVMH Group's revenue in the U.S. 2008-2022, Luxury customers in China 2010, by age and product category, Luxury goods purchased in China 2010, by intended purpose, Mainland Chinese demand for luxury goods 2020, Luxury fashion goods consumers most regularly buy in the United Kingdom (UK) 2013, Consumer spending on luxury goods in China 2010, by tier, Involvement of others in luxury item purchase decisions in the U.S. 2018, LVMH Group's half-year revenue by segment 2007-2022, Utilization of information channels regarding personal luxury items in the U.S. 2018, Global airport personal luxury goods market share by category 2015, Global airport personal luxury goods market share by region 2015, Luxury good and service purchase frequency of U.S. and UK consumers 2019, by age, Number of new or used personal luxury items bought in the U.S. 2018, Motivation for purchasing luxury goods Hong Kong 2021, Factors making cosmetics items luxury according to U.S. women 2017, by income, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros), Find your information in our database containing over 20,000 reports. Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy. DePaul Business and Commercial Law Journal. Sephora has more store locations than its rival. 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 . (January 26, 2023). Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. 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 Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). These include white papers, government data, original reporting, and interviews with industry experts. Sephora surpassed its 2019 level of activity, benefiting from the strong rebound in its stores and the continued momentum of its online sales. Luxury fashion, jewelry, beauty products, wine and spirits. The T Gallerias in Macau nevertheless performed well thanks to growing demand from local customers and DFS launched operations in Hainan. 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. Read Next: Zara Business Model, Inditex, Fast Fashion Business Model, Ultra Fast Fashion Business Model, SHEIN Business Model. Prada Sells Stake in Fendi for $265 Million.. Le Parisien is a general interest news media brand that is read by around 18 million people across various formats each month. LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate., Quartz. Zenith continued to expand its in-store and online distribution. As required by current . 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. The Board of Directors met on January 26th to approve the financial statements for 2022. The deal is also expected to strengthen Tiffanys presence in Europe and China. Use Ask Statista Research Service. Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Hennessy cognac benefited from its value creation strategy. The Cipriani brand belongs to Belmond for Europe, to Arrigo's family for the rest of the world; but the Belmond owner LVMH grants "exclusive long-term licenses to the Cipriani group in Europe . Jacobs was previously the creative director of Louis Vuitton. High-end Jewelry sales in particular reached an all-time high with the huge success of its annual High-End Jewelry Blue Book collection. ", 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. The womens ready-to-wear fashion shows created by Nicolas Ghesquire were extremely well-received. Fendi celebrated the 25th anniversary of its iconic Baguette bag in New York. Le Parisiens mission is to provide quality, unbiased information that covers a vast range of subjects. Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. The luxury goods titan - which owns . It reported net profit of 4.7 billion on revenue of 44 . [Online]. 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. Dior Addict in make-up and Prestige in skincare also contributed to the rapid growth of the Maison. The firm has named a new team to lead Tiffany, which . In 1999, LVMH and Prada joined forces to take a 51% stake in Fendi in a deal reportedly worth $850 million. (LVMH) has entrusted an investment services provider with a mandate for the acquisition . Fashion & Leather Goods notably reached record levels, with organic revenue growth of 20%. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Learn more about Sephora and find answers to your questions regarding Company leadership, stores and the Beauty Insider program. The owner of Louis Vuitton, Dior, Bvlgari and TAG Heuer recorded revenue of 64.2 billion last year. At the time of LVMHs acquisition, Sephora was part of a family of brands owned by founder Dominique Mandonnaud. Mot Hennessy itself was the product of a merger between Mot & Chandonproducer of luxury champagne brand Dom Perignonand cognac maker Hennessy in 1971. Today, LVMH owns 75 brands in six business groups: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing, and Other Activities. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. Basic Statistic Global revenue LVMH Group's fashion and leather goods segment 2008-2022; Organic revenue growth was 10%. 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/. Arnault purchased Parisian textile group Boussac, in bankruptcy protection, in 1984 for a symbolic one franc. Tiffany & Co. had a record year, driven by its increasing desirability. Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue, Luxury Giant LVMH to Buy Tiffany for $16.2 Billion, LVMH to Acquire Bulgari After Agreeing to Buy Family Stake, Prada Reaches a Deal to Sell Stake In Fashion House Fendi to LVMH, Prada Sells Stake in Fendi for $265 Million, TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, LVMH to Take Control of Christian Dior in $13.1 Billion Deal, LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate, How LVMH, Tiffanys New Owner, Became the Worlds Biggest Purveyor of Luxury, Date of purchase: Jan. 7, 2021 (acquisition completed), Acquisition price: Estimated $259.4 million to acquire majority stake (see below), Type of business: Personal care and beauty products. By clicking Sign up, you agree to receive marketing emails from Insider LVMH, a strong social economic footprint in France and around the world: * with comparable structure and constant exchange rates. Visit Business Insider's homepage for more stories. 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. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. In 2020, the company, like the rest of . 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 . . Maison Francis Kurkdjian continued to enjoy rapid growth momentum thanks to the ongoing success of Rouge 540, particularly in the United States. In the first nine months of the year, it recorded revenue of 30 billion ($37 billion), down 21% from this time last year. Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph]. The deal is still the largest and most expensive in the luxury sector and is set to close in early 2021. Feb 14 . Most recognizable for: Le Bon March is recognized as being the world's first department store. The company exists because two friends had a dream to make the worlds best whiskey with traditional bourbon production methods in a craft environment. "Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros)." 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. Good performance of the other Watches & Jewelry Maisons. Financial indicators. AP. . Momentum was particularly strong in Europe, Japan and in emerging markets, particularly in high energy channels and gastronomy. . Fendi is a luxury fashion house that was founded in Rome in 1925 by Adele and Edoardo Fendi. Asia was stable over the year due to developments in the health situation in China. What Are Masstige Brands? Growth was particularly strong in the United States and Europe, which benefited from the reopening of restaurants and the gradual recovery in regional tourism. In so doing, LVMH continued to add to its growing stable of luxury and designer brands. The brand was founded in 1946 by its namesake founder. This represents a 44 per cent increase when compared to 2020 and up 20 per cent when benchmarked against 2021. LVMH is a France-based holding company that acquires, owns, operates and manages consumer goods brands. Our growth strategy, based on the complementary nature of our activities, as well as their geographic diversity, encourages innovation and the quality of our creations, the excellence of their distribution, and adds a cultural and historical dimension thanks to the heritage of our Maisons. 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. The new products at Zenith have been highly successful. If you are an admin, please authenticate by logging in again. It also launched lots of industry-standard practices in the world . Organic revenue growth was up by 36 percent and 14 percent compared to 2020 and 2019, with the group . Within a mild level of debt of $11 billions with $8.5 billions in annual cash flow, 77% of the company's debt is well covered by its cash flow. The company . LVMH Mot Hennessy Louis Vuitton, the worlds leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. It is sold in Sephora. Profit from recurring operations 21 billion euros 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. Good growth in Champagne and Cognac, based on a value creation strategy. Then, LVMH became the majority stakeholder in November 2001, when it agreed to buy Pradas stake. LVMH Mot Hennessy Louis Vuitton recorded revenue of 56.5 billion euros ($55.1 billion) for the first nine months of 2022, up 28 percent compared to the same period of 2021. LVMH Completes the Acquisition of Tiffany & Co. LVMH Reaches Agreement with Tiffany & Co. Though LVMH has been in existence in its current form since 1987, the Louis Vuitton brand in particular has a much longer history, having been launched by its namesake founder in 1854. Are you interested in testing our business solutions? The continued growth of the Collection Prive and the skincare lines Prestige,Capture Totale and LOr de Vie also contributed to the progress of the Maison. 2021 was also a year in which LVMH was deeply moved by the tragic passing of Virgil Abloh, whose creative genius I would like to applaud. It then acquired the remaining 70% of the company in 1996 for an undisclosed sum. Operating margin remained at the same level as 2021. By Rachel Cormack. 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. It was founded by Dominique Mandonnaud. The online retail giant offers a wide variety of clothing, accessories, and footwear for . 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. Prada Reaches a Deal to Sell Stake In Fashion House Fendi to LVMH., The New York Times. It is also recognized as one of "the big four" cognacs alongside Courvoisier, Remy Martin, and Martell. 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 . Sales in the fourth quarter even rose by +56.6% at 476 million euros, compared with 2021. Are you interested in testing our business solutions? Operating free cash flow surpassed 10 billion. 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. Boussacs assets included Christian Dior. LVMH. Doubled operating profit. The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. Profit from recurring operations stood at 17 151 million for 2021, more than double 2020, and up 49% compared to 2019. . 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. At the General Meeting of April 20, 2023, LVMH will propose a dividend of 12 euros per share. The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. Louis Vuitton annual revenue for 2019 was $60.11B, a 8.7% increase from 2018. Sephoras Russian business was divested. LMVH acquired Glenmorangie in 2004 for around 300 million which represented a 6% premium on the companys then-market capitalization. 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. Both up 23% Many new products were unveiled in leather goods, jewelry and watches. True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. Revenue up 18% for the Watches and Jewelry Business Group. Business Solutions including all features. 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. With a strong rebound in activity in its stores, Sephora enjoyed a record performance in both revenue and earnings. The rights to Moynat were acquired by LVMH in 2010 after the brand had sat idle for over 40 years. Kenzo is a fashion brand that was founded in Paris in 1970 by Kenzo Takada. Please create an employee account to be able to mark statistics as favorites. French luxury conglomerate LVMH Mot Hennessy Louis Vuitton has had an outstanding 2021 with growth exceeding expectations. While the number of brands in this portfolio has remained consistent over the past decade, the number of branded stores and . A strong social and economic footprint in France. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Learn more about how Statista can support your business. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. You only have access to basic statistics. LVMH, which owns brands such as Louis Vuitton and Dior, is the world's largest luxury goods conglomerate, with revenue reaching about $59 billion in 2019.. At the time, the company noted that it would enable its Louis Vuitton division to establish a strong position in fashion and accessories. Louis Vuitton S.A.) LVMH . But the coronavirus pandemic and its negative effects on the luxury jewelry market prompted Arnault to renegotiate a discount from the originally agreed-upon acquisition price. The ideal entry-level account for individual users. 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/.