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LVMH: the year of all records for the French luxury giant


STORY - Bernard Arnault's group, which had the best year in its history in 2022, is now worth 400 billion euros on the stock market. Neither the Covid, nor inflation, nor the war in Ukraine have slowed its progress.

No ceiling seems to resist the strength of LVMH's growth.

Without a slowdown in China at the end of the year, due to an outbreak of Covid-19 contaminations, the world leader in luxury would have easily exceeded the bar of 80 billion euros in turnover.

But even with this disappointment, which caused a temporary halt in the Chinese market, the owner of Louis Vuitton, Christian Dior, Hennessy, Moët & Chandon, Sephora and Tiffany came close.

Its sales reached 79.2 billion euros in 2022, after a second consecutive year of exceptional growth (+17% compared to 2021).

Louis Vuitton, its flagship brand, has crossed the 20 billion mark in turnover, after growth of 20%.

"This performance illustrates the exceptional power of attraction of our houses and their ability to create desire during a year that was nevertheless tense economically and geopolitically"

underlines Bernard Arnault, CEO and main shareholder...

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Source: lefigaro

All business articles on 2023-01-26

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