LVMH. In the first nine months of the year, it recorded revenue of 30 billion ($37 billion), down 21% from this time last year. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. 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 company exists because two friends had a dream to make the worlds best whiskey with traditional bourbon production methods in a craft environment. True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. 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. While its High Jewelry revenue doubled, the new Lock bracelet collection, rolled out in North America, enjoyed great success alongside other iconic lines. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Currently, you are using a shared account. 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. Investopedia does not include all offers available in the marketplace. Revenue for the third-quarter (ending on September 30) totaled 19.8 billion euros ($19.2 billion), up 19 percent compared to Q3 2021. In, LVMH. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Who Is Bernard Arnault and What Companies Does LVMH Own? In, LVMH. 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. 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. With organic revenue growth of 51% compared to 2019, the fourth quarter showed a sharp rise compared to previous quarters. Please create an employee account to be able to mark statistics as favorites. LVMH Diversity & Inclusiveness Transparency. Sustained creative momentum for all our Watches & Jewelry Maisons, in particular Tiffany, Bulgari and TAG Heuer. The brand started life as Le Parisien Libr in 1944 after the liberation of Paris in the Second World War. Loro Piana, Rimowa and Marc Jacobs also had an excellent year. 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/. [Online]. Christian Dior continued its remarkable growth trajectory across all its product lines. . Financial indicators. Chart. Group share of net profit amounted to 12 036 million, up 156% compared to 2020 and up 68% compared to 2019. (January 26, 2023). High-end Jewelry sales in particular reached an all-time high with the huge success of its annual High-End Jewelry Blue Book collection. 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. Christian Dior Couture had an excellent year with exceptional growth in all its product categories among local customers. This was facilitated by an updated label and the ability of Glenmorangie to leverage LVMHs extensive distribution network. Fashion & Leather Goods: exceptional performances from Louis Vuitton, Christian Dior, Fendi, Celine and Loewe. LVMH spends 2 billion to acquire an 80 percent stake in the Italian luxury textile and ready-to-wear company Loro Piana. The company's Cloudy Bay brand covers white wines, and its Whispering Angel line offers rose, but Schaus said, "we were missing a strong red wine." Moet Hennessy reported revenue of 1.64 billion . Belvedere is a Polish rye vodka brand that was founded in 1993. statistic alerts) please log in with your personal account. Feb 14 . Woodinville does not have a storied history like some other LVMH brands and was instead started in 2010. The revenue and profits achieved a sharp increase compared to 2019. Then you can access your favorite statistics via the star in the header. Louis Vuitton purchased Veuve Clicquot in 1986, just a year before the fashion company merged with Mot Hennessy. AP. Bvlgari enjoyed good momentum, driven by the growth of the iconic lines in its own stores. 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. It also incorporates Sephora and Le Bon March Rive Gauche. Profit from the additional features of your individual account. Louis Vuitton is a good example of this. Statista. 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. In 1994, it started to be distributed around the country and became known as Aujourdhui en France. Momentum was particularly strong in North America, Europe, the Middle East and in most Southeast Asian countries. Access your favorite topics in a personalized feed while you're on the go. Hennessy cognac performed well with an increase in volumes compared to 2019, despite supply constraints. After three years of renovations, the Maisons historic store at 30 avenue Montaigne, which reopened in Paris in early 2022, enjoyed huge success, offering a new experience of the highest refinement. Conglomerate: Definition, Meaning, Creation, and Examples. * 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. A record year, especially for the major brands. In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . It . Prada Sells Stake in Fendi for $265 Million.. Sephora is a brand owned by Bernard Arnault that deals with personal care and beauty products. Driven by the agility of its teams, their entrepreneurial spirit and its well diversified presence across its activities and the geographic areas in which it operates, LVMH enters 2022 with confidence and, once again, sets an objective of reinforcing its global leadership position in luxury goods. The brand's headquarters are in Cognac, France, about a five-hour drive from Paris. 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 . This represents a 44 per cent increase when compared to 2020 and up 20 per cent when benchmarked against 2021. Business Solutions including all features. True to tradition, the company mostly focuses on making one item at a time and much of the stitching is done by hand. The Board of Directors met on January 26th to approve the financial statements for 2022. Top editors give you the stories you want delivered right to your inbox each weekday. 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%. The year marked the integration, from the third quarter onwards, of the prestigious Champagne House Armand de Brignac, in which LVMH holds a 50% stake. This was during the Luxury Wars years. According to Interbrand, LVMH owns three different brand names that are among the 100 most valuable brands in the world. 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 . Its fashion shows continued to offer exceptional moments, whether in Seville, Spain, for the womens collections of Maria Grazia Chiuri, or in Egypt at the foot of the Giza pyramids for the mens show imagined by Kim Jones. In Selective Retailing, organic revenue was up 18% compared to 2020 and down 18% compared to 2019 due to the impact of travel retail. There are now 122 stores around the world in 28 countries. 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. LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). In 1999, LVMH and Prada joined forces to take a 51% stake in Fendi in a deal reportedly worth $850 million. LMVH acquired Glenmorangie in 2004 for around 300 million which represented a 6% premium on the companys then-market capitalization. Use Ask Statista Research Service. Most recognizable for:Rimowa is a luggage company. statistic alerts) please log in with your personal account. Champagne volumes were up compared to 2019. 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. Further investments were made into Sephoras omnichannel strategy in order to continuously improve its customers purchasing experience both online and in-store. Tugba Sabanoglu. The brand was founded in 1946 by its namesake founder. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. The Octo Finissimo Ultra watch broke a new record of thinness. To use individual functions (e.g., mark statistics as favourites, set CEO Bernard Arnault was swift to reawaken Moynat with stores in Paris, London, and Hong Kong. Fred showed strong growth and launched its first retrospective exhibition at the Palais de Tokyo in Paris. 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 . The acquisition included the purchase of a 50.4% stake in Bulgari from the Bulgari family, as well as a tender offer for the remainder of the company. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. When news of a COVID-19 vaccine first broke, LVMH shares skyrocketed, briefly making its chairman and CEO, Bernard Arnault, the second-richest man in the world. January 26, 2023. Most recognizable for: Mot & Chandon is one of the most famous Champagnes in the world. About. Bernard Arnault's wealth is around $203 billion. Over the years, fashion and leather goods has become the leading segment, generating over 38 billion in revenue in 2022, followed by selective . LVMH to Acquire Bulgari After Agreeing to Buy Family Stake., The Wall Street Journal. 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 rebound in consumption, in an environment which was already seeing supply constraints, brought further impetus to the strategy of value creation. 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. Post-acquisition, Hublot complemented other watch brands under the LVMH stable. Learn more about how Statista can support your business. 1971 (Mot & Chandon) (Hennessy) . LVMH is the world's largest luxury goods conglomerate and is best known for owning brands such as Louis Vuitton and Givenchy. In the watchmaking sector, TAG Heuer unveiled, among other innovations, the Carrera Plasma, an avant-garde fusion of watchmaking and lab grown diamonds. 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. This means Tiffany will join the other 75 brands owned by LVMH, but it won't necessarily be the conglomerate's most iconic keep reading to see 17 of the most iconic brands the luxury giant currently owns, ranked in chronological order of LVMH's acquisition date. Our objective to strive for solid financial performance and our relentless quest for excellence remind us of our daily commitment to act in such a way as to make the world a better place. Hennessy cognac benefited from its value creation strategy. Organic revenue growth was 10%. 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. Tiffany was founded by Charles Lewis Tiffany in 1837 and has since grown into a leading global design house with a reputation for innovative jewelry design and expert craftsmanship. Gross capital expenditures over 3 billion. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. 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. View LVMH (www.lvmh.com) location in Ile-de-France, France , revenue, industry and description. Audit procedures have been carried out and the audit report is being issued. 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. The 24S digital platform recorded strong growth, driven by the unique nature of its selection process and its Parisian market positioning. **Selective retailing relates to retail designed for international traveler customers (travel retail), DFS and Miami Cruiseline. Luxury Giant LVMH to Buy Tiffany for $16.2 Billion., Bloomberg. Profit from recurring operations was up 20%. Please create an employee account to be able to mark statistics as favorites. Operating free cash flow, which exceeded 13 billion, was more than twice that of both 2020 and 2019. We approach 2023 with confidence but remain vigilant due to current uncertainties. Selective Retailing revenue was up 26% in 2022 (17% on an organic basis). Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. The Perfumes & Cosmetics business group recorded revenue growth of 17% in 2022 (10% on an organic basis). It was founded by Dominique Mandonnaud. In 2022, the company recorded $75.9 billion in revenue, $142.5 billion in assets and $14.2 billion in profit, per another Forbes report. Please do not hesitate to contact me. LVMH Revenue by business group and by quarter, 2021 Revenue (Organic change verses same period of 2020), 2021 Revenue (Organic change verses same period of 2019). Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe. Posted 12:00:00 AM. If you are an admin, please authenticate by logging in again. Paris, October 11, 2022 LVMH Mot Hennessy Louis Vuitton, the world's leading luxury products group, recorded revenue of 56.5 billion euros in the first nine months of 2022, up 28% compared to . 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. Chaumet unveiled an exclusive diamond cut, the Taille Impratrice, and showcased its unique heritage through the Josphine and Napolon exhibition at the heart of the Maisons iconic 12 place Vendme address in Paris. The company had total revenues of 79.2 billion euros that year. The distillery is considered a pioneer in the industry, combining traditional practices with innovation and using the tallest stills in Scotland. 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 . Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers. The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. The company is part of the Spanish luxury fashion house Loewe which also specializes in clothes, leather products, and other accessories. Most recognizable for: Benefit is a cosmetics company, best known for its makeup. Louis Vuitton had an excellent year, again driven by its exceptional creativity, the quality of its products and its strong ties with art and culture. Boussacs assets included Christian Dior. Fred continued its strong growth. What we believe is most impressive is the organic growth, it is clear LVMH's strategic . 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. Paris, February 28 th, 2023. Sephora has more store locations than its rival. . Strong growth in business in Europe, Japan and the United States. Most recognizable for: Dior is a luxury brand, best known for its gowns and handbags. These philosophies have guided the company to a prolific number of acquisitions over the past three decades, including Celine in 1996, Sephora in 1997, Fendi in 2001, and more recently, Fenty in 2019 and Tiffany & Co. in 2021. Growth was particularly strong in the United States and Europe, which benefited from the reopening of restaurants and the gradual recovery in regional tourism. His immense visionary talent and his great wisdom will forever be embedded within the history of our Group. Prices start at around $40 a bottle. Maison Francis Kurkdjian continued to enjoy rapid growth momentum thanks to the ongoing success of Rouge 540, particularly in the United States. Bvlgari confirmed its strong momentum, particularly in Europe, Japan and the United States. Lenore Fedow lenore.fedow@nationaljeweler.com. Profit from recurring operations 21 billion euros Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. Profit from recurring operations stood at 17 151 million for 2021, more than double 2020, and up 49% compared to 2019. Le Bon March continued to develop innovative concepts and benefited from the return of a loyal French customer base. Their stock has increased 200 euros (150 euros to 350 euros)over 3 years and now they have a market capitalization of $176 billion. Momentum was particularly strong in Europe, Japan and in emerging markets, particularly in high energy channels and gastronomy. What Are Masstige Brands? Investopedia requires writers to use primary sources to support their work. The deal is also expected to strengthen Tiffanys presence in Europe and China. LVMH. Most recognizable for: Kat Von D Beauty was founded by tattoo artist Kat von D. The brand is known for its eyeshadow palettes. Most valuable global luxury brands 2022; UK: revenue of luxury goods market 2012-2025, by product category . In 2017, LVMH and Arnault proposed a complex $13.1 billion transaction to consolidate the companys ownership of Dior by buying out minority shareholders. Travel retail activities still held back by international travel. Bully used his expertise and talent to create the Vinaigre de Toilette cosmetic vinegar which served as a skin tonic, cure-all, and deodorant. Over the past decade, LVMH enjoyed ever-increasing global revenue . LVMHs Fashion and Leather Goods group, of which Fendi is a part, generated 7.2 billion in profit on 21.2 billion in revenue in 2020. LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate., Quartz. The luxury titan reported double-digit revenue . 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. The Group once again recorded significant growth in revenue and earnings. The company has also made investments in extra stills to increase production. High earners, not rich yet (HENRYs) are individuals who have significant income but have yet to amass the assets that transition them to true wealth. An interim dividend of 5 euros per share was paid on December 5 of last year. Creating Stability in the International Fashion Industry by Using Corporate Structures and Conglomerates., Financial Times. LVMH purchased Le Parisien from the media group Amaury in 2015. Then, LVMH became the majority stakeholder in November 2001, when it agreed to buy Pradas stake. An interim dividend of 3 euros per share was paid on December 2 of last year. Number of Gucci stores worldwide 2022, by region, Value of the global personal luxury goods market 1996-2022, Global revenue share of Gucci in 2022, by region. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information ", 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. 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. Fendi is a fashion brand owned by LVMH. Loewe (/ l o v /, Spanish: ) (stylized as LOEWE) is a Spanish luxury fashion house specialising in leather goods, clothing, perfumes and other fashion accessories. "Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros)." Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Please do not hesitate to contact me. 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. Tiffany & Co., acquired by LVMH in 2021, had a record year in 2022. All business groups achieved significant organic revenue growth over the year (see table . Perfumes & Cosmetics: strong momentum in perfume and continued selective distribution. LVMH bought a stake in Fendi before becoming a majority stakeholder in 2001. Meanwhile, the new LV Dream exhibition in Paris pays tribute to 160 years of creative exchanges that fuel Louis Vuittons spirit of innovation, and a new collaboration with Japanese artist Yayoi Kusama was unveiled, revisiting iconic creations of the Maison. LVMH. The Botanical Rainbow, for example, comprises nine fragrance families inspired by nature, while the Home Scents range captures the essence of a vegetable garden. 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. ParisLVMH had a strong year in 2022, posting record revenue growth in its fashion and leather goods segment. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. But in a press statement, the company said it was showing "significant improvement" in its third quarter. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2022, broken down by geographic region. The Maison paid tribute to the life and legacy of this creative genius with the Miami fashion show, Virgil Was Here. 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. Show publisher information The company is known for its fur, leather goods, and other luxury products. Crocco sold Hublot to LVMH in 2008 for an undisclosed sum. LVMH Net Profit Jumps 156% in 2021, Boosted by Strong Q4. Profit from the additional features of your individual account. 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. According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. Read Next: Zara Business Model, Inditex, Fast Fashion Business Model, Ultra Fast Fashion Business Model, SHEIN Business Model. LVMH is home to 75 distinguished Houses rooted in six different sectors. The company initially produced vodka in a distillery constructed in 1910 before the first import was sent to the United States in 1996. The details of the deal were undisclosed. Paris, March 1st, 2023 In accordance with its share buyback program, LVMH Mot Hennessy Louis Vuitton S.E. At the time, the company noted that it would enable its Louis Vuitton division to establish a strong position in fashion and accessories. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) Statista, https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph], LVMH, January 26, 2023. Operating free cash flow surpassed 10 billion. LVMH Mot Hennessy Louis Vuitton, the worlds leading luxury goods group, recorded revenue of 64.2 billion euros in 2021, up 44% compared to 2020 and up 20% compared to 2019. Furthering its financial interests in the jewellery sector, LVMH purchases a minority stake in Italian jewellery brand Repossi, later increasing its stake to 69 per cent. Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue., The New York Times. The company has seen major success with its strategy of acquiring many different luxury brands across multiple areas. Le Parisiens mission is to provide quality, unbiased information that covers a vast range of subjects. Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph]. Of which Fashion & Leather Goods +47% (and 51% in Q4 vs 2019) 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. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. Fendi celebrated the 25th anniversary of its iconic Baguette bag in New York.
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