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. In 2020, the company, like the rest of . Sephoras Russian business was divested. Profit from recurring operations was up 20%. Jacobs was previously the creative director of Louis Vuitton. All business groups achieved significant organic revenue growth over the year (see table . Two years later, LVMH purchased Prada's 25.5% stake in Fendi for $262 million to take control of the company. LVMH, the owner of Tiffany & Co. and Bulgari, is rumored to have its eyes on acquiring rival Richemont, according to Swiss newspaper Finanz und Wirtschaft.. as well as other partner offers and accept our, Photo by David M. Benett/Dave Benett/Getty Images for Hennessy, Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images, Photo by Tabatha Fireman/Getty Images for Kat Von D Beauty, Photo by Rolf Vennenbernd/picture alliance via Getty Images, LVMH's portfolio already includes 75 different brands. 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. As part of our effort to improve the awareness of the importance of diversity in companies, we have highlighted the transparency of LVMHs commitment to diversity, inclusiveness, and social responsibility. Louis Vuitton is a good example of this. 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). The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). 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. The brand made headlines after launching a collection of luggage with the brand Supreme in December 2018. Learn more about Sephora and find answers to your questions regarding Company leadership, stores and the Beauty Insider program. In 2021, Hennessy's revenue rose by 26 percent and gave a $6.7 billion revenue. 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. 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. In so doing, LVMH continued to add to its growing stable of luxury and designer brands. This compensation may impact how and where listings appear. Revenue up 18% for the Watches and Jewelry Business Group. The French luxury conglomerate, which helms 75 top-tier brands including Louis Vuitton and Tiffany & Co., raked in a record . Glenmorangie is a Scottish maker of single-malt whisky since 1843. The online retail giant offers a wide variety of clothing, accessories, and footwear for . Loewe, energized by the talent of JW Anderson, and Marc Jacobs also performed particularly well. Within the flourishing market for high-end ros wines, Chteau dEsclans enjoyed rapid growth and Chteau Galoupet continued its conversion to organic viticulture. * Includes all Belmond revenue for the period from April to September 2019. Sephora is a brand owned by Bernard Arnault that deals with personal care and beauty products. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Bernard Arnault's wealth is around $203 billion. Tiffany & Co., acquired by LVMH in 2021, had a record year in 2022. LVMHs market capitalization was $390.9 billion as of July 7, 2021. Organic sales in the luxury conglomerate's key fashion and leather goods division rose 51 percent in the fourth quarter, versus the same . Organic revenue was stable compared to 2019. Most recognizable for: Dom Prignonis one of the oldest companies in LVMH's portfolio. LVMH organizes its brands into branches, . Gross capital expenditures over 3 billion. 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. An interim dividend of 3 euros per share was paid on December 2 of last year. The deal is still the largest and most expensive in the luxury sector and is set to close in early 2021. In the first nine months of the year, it recorded revenue of 30 billion ($37 billion), down 21% from this time last year. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. In 1999, LVMH and Prada joined forces to take a 51% stake in Fendi in a deal reportedly worth $850 million. Over the years, fashion and leather goods has become the leading segment, generating over 38 billion in revenue in 2022, followed by selective . 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. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in . Most recognizable for: Freshis known for its expansive collection of natural products. Plus, LVMH does not have a shortage of high jewelry brands in its wheelhouse. LVMH, the owner of 75 brands, recently broke a personal revenue record of 400 billion, while Richemont reported a dangerous drop in sales, especially in China, in its third-quarter report. 1971 (Mot & Chandon) (Hennessy) . Access your favorite topics in a personalized feed while you're on the go. LVMHs ownership began when it and Prada each bought a 25.5% stake in Fendi in 2000. By Rachel Cormack. In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . Fendi is a fashion brand owned by LVMH. The company rose to prominence with the automobile revolution and is named after Pauline Moynat, the first woman to bring feminine flair to the male-dominated luxury trunk-making industry. Profit from recurring operations was up 79% compared to 2020 and 75% compared to 2019. To use individual functions (e.g., mark statistics as favourites, set LVMH said that Tiffany, which will join the companys Watches and Jewelry business group, would help to bolster its position in jewelry and expand its presence in the U.S. Over the past decade, LVMH enjoyed ever-increasing global revenue . Amazon's fashion brand revenue reached an impressive $299.3 billion this year. According to Reuters, the French multinational offered around 50 million to purchase the company and consolidate its media business. The salaries of the groups employees are among the most competitive in their sector of activity. Behind the LVMH-Tiffany Deal: Insults, Lawsuits and Political Intrigue., The New York Times. Belvedere. Since that time, Fendi has become known for craftsmanship and innovation while remaining true to its Roman roots. A remarkable rebound for Sephora, which confirmed its place as world leader in the distribution of beauty products. 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 . Louis Vuitton annual revenue for 2020 was $51.005B, a 15.15% decline from 2019. The company is part of the Spanish luxury fashion house Loewe which also specializes in clothes, leather products, and other accessories. Group share of net profit was 14.1 billion, up 17% compared to 2021. As of 2020, Sephora had revenue of 10.2 billion. Accessed March 05, 2023. https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/, LVMH. Maison Francis Kurkdjian supports efforts to protect sperm whales. Exceptional performance by the Fashion & Leather Goods business group, in particular Louis Vuitton, Christian Dior, Fendi, Celine and Loewe, which achieved record levels of revenue and profitability. Audit procedures have been carried out and the audit report is being issued. DFS was still affected by the health situation in China. According to Wikipedia, the company was formed in Paris, 1987, by Bernard Arnault, through the merger of fashion house Louis Vuitton with Mot Hennessy and is growing consistently, with $53 Billion in revenue . Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe. Prices start at around $40 a bottle. You only have access to basic statistics. 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. Learn more about how Statista can support your business. The rights to Moynat were acquired by LVMH in 2010 after the brand had sat idle for over 40 years. * 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. Profit from recurring operations stood at 21.1 billion for 2022, up 23%. The womens ready-to-wear fashion shows created by Nicolas Ghesquire were extremely well-received. Please create an employee account to be able to mark statistics as favorites. Most recognizable for: Le Parisien is one of the most notable tabloids in France, along with Le Figaro and Le Liberation. The end of the year has been marked by the premature passing of Virgil Abloh, Mens Artistic Director of Louis Vuitton since March 2018. Creating Stability in the International Fashion Industry by Using Corporate Structures and Conglomerates., Financial Times. 5. Reuters. Profit from recurring operations by business group: Wines & Spirits: record level of revenue and earnings. The Maison accelerated the selectivity of its multi-brand network distribution and expanded its own boutiques. Operating margin reached 26.7%, up 8 points compared to 2020 and 5 points compared to 2019. Trillionaire Definition: How Much Money Is That and Who Will Be First? Organic revenue growth of 36% 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. Organic revenue growth was 10%. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. Loro Piana, Rimowa and Marc Jacobs also had an excellent year. Business Solutions including all features. Sephora surpassed its 2019 level of activity, benefiting from the strong rebound in its stores and the continued momentum of its online sales.