Assets
Aktivs
For 2019, the company's brands include:
- Louis Vuitton,
- Christian Dior,
- Fendi,
- Bvlgari,
- Loro Piana,
- Emilio Pucci,
- Acqua di Parma,
- Loewe,
- Marc Jacobs,
- TAG Heuer,
- Benefit Cosmetics,
- Tiffany & Co.
Performance indicators
2024: China's share of the company's revenue - 17%
2023: The first company in Europe with a capitalization of $0.5 trillion
In April 2023, LVMH's market value topped $500 billion, allowing it to become the first European company to reach that milestone thanks to soaring luxury sales in China and a stronger euro.
2022: Losses of €210 million due to the sale of the Sephora cosmetics chain in Russia
French multinational LVMH lost approximately €210 million in 2022 due to the sale of a chain of cosmetics stores of its brand Sephora in. Russia This is stated in the financial report published on January 26, 2023.
The revenue of the LVMH conglomerate, which owns the Louis Vuitton, Fendi and Loewe brands, as well as Moyot & Chandon and Hennessy, reached €79.18 billion in 2022. This is 23% more compared to the result for 2021, when sales amounted to €64.22 billion. Net profit increased by 17% - from €12.04 billion to €14.08 billion in 2022. The report emphasizes that for the first time in history, the revenue of the Louis Vuitton brand exceeded €20 billion. Significant business growth was recorded in Europe, Japan and the United States. In general, the annual results were record, despite the difficult economic situation.
LVMH notes that the company's activities in the Russian market were suspended in March 2022 due to the current geopolitical situation. Russian employees of the company continue to receive payments, despite the closure of the company's stores in the country. It is said that LVMH's assets in Russia are mainly related to trading equipment and equipment of salons (lamps, fittings, etc.). The document emphasizes that these assets represent insignificant amounts in relation to the total amount of the group's assets. Lease agreements due to the suspension of operations were revised as of December 31, 2022.
In July 2022, LVMH announced a deal with Russian management: 88 stores of the Sephora brand were transferred to the general director of the Russian division, Evgeny Drozdov. Then it was said that the activities of the salons would be carried out under the brand "Ile de Beauté" ("Ile de Bote").[1]
2021: Revenue growth by 44%, to 64.2 billion euros, profit - by 107%, to 17.2 billion euros
In 2021, Louis Vuitton recorded revenue of 64.2 billion euros, which is 44% more than in 2020, and 20% more than in 2019. Organic revenue growth was 36%. The data was published in January 2022.
Louis Vuitton's profit for 2021 grew by 107%, reaching 17.2 billion euros, and in 2020 the figure was 8.3 billion euros.
Louis Vuitton's financial performance rose due to the gradual recovery of the global economy from the crisis caused by the COVID-19 pandemic .
The watch and jewelry segment in 2021 showed growth of 167%, in particular due to the completion of the acquisition of the Tiffany business. Organic sales growth in the segment amounted to 40%, revenue reached 8.96 billion euros. This segment ranks second in LVMH's total revenue structure.
In the perfume and cosmetics segment, the company recorded an increase of 26%, reaching 6.61 billion euros. Organic growth was 27%. Such indicators are provided by the demand for Miss Dior and Sauvage perfumes, the second fragrance became the company's best-selling perfume in 2021.
The company's revenue in the fashion and leather products segment grew by 46%, amounting to 30.9 billion euros. Organic growth is 47%.
The segment of alcoholic beverages showed an increase of 26%, reaching 5.97 billion euros. Due to the easing of quarantine restrictions on visiting restaurants, a significant increase was recorded in North America and Europe.
Revenues at chain retail stores (Sephora, DFS, Le Bon Marche) rose 16% year-on-year, reaching €11.75 billion. However, compared to 2019, sales decreased by 18%.
The capitalization of the luxury goods manufacturer in 2021 increased by about 35%, by the end of December 2021 it amounted to about 344 billion euros.
According to Forbes Real-time, the head of the LVMH group, Bernard Arnault, is the second richest man in the world, his fortune is estimated at $190.4 billion.[2]
2018
History
2023: Pension reform protesters seize company headquarters in Paris
The French throughout the country in April 2023 again protested against pension reform. Protesters seized the Paris headquarters of the luxury goods maker and one of the most expensive companies in the world, Louis Vuitton Moyt Hennessy (LVMH).
2020: Refusal to buy Tiffany for $16.2 billion as deal drags on
On September 9, 2020, French luxury goods manufacturer LVMH Moet Hennessy Louis Vuitton SE announced its refusal to buy Tiffany & Co., explaining its decision by delaying the deal. Read more here.
2019: LVMH buys Tiffany for $16.2 billion
In November 2019, Moet Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company, announced it would acquire Tiffany & Co. for $16.2 billion. The two companies negotiated a possible acquisition for several weeks before finally deciding on a price of $135 per share.
The $16.2 billion acquisition will be M&A's largest luxury market deal by this time.
2017: Hennessy opens new Pont Neuf bottling and logistics centre
Hennessy opened a new Pont Neuf bottling and logistics center, which took two years to build. According to the company's plans, the new plant will allow Hennessy to bring cognac shipments to eight million cases a year.
2016: Germany's Rimowa joins LVMH group
Rimowa, founded in Cologne in 1898, produces suitcases and leather products. She became the first German House to join the LVMH group. RIMOWA is the leader in the premium travel accessories segment.
2015: Berluti house opens new manufactory in northern Italy
Berluti opened a new manufactory in Ferrara, northern Italy, specializing in the production of shoes and leather products. The launch of a new production unit with an area of more than 8,000 square meters is a natural consequence of the company's growth.
See also
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