Louis Vuitton Revenue & Growth Statistics (2024)

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Ch Daniel
Louis Vuitton Revenue & Growth
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This Louis Vuitton Research includes information on; Revenue, Valuation, Market Share, Customer Demography and more.

Some amazing facts about Louis Vuitton

  • Louis Vuitton was established in 1854, making it one of the world’s oldest premium fashion firms. Its illustrious past and enduring legacy have aided in its iconic status.
  • The LV monogram was designed in 1896 to combat counterfeits and has since become one of the fashion industry’s most recognizable brands. It can be found in a variety of Louis Vuitton products, ranging from purses to accessories.
  • Craftsmanship: Louis Vuitton is well-known for its superb craftsmanship and attention to detail. Each item is painstakingly handcrafted by expert artisans, ensuring excellent quality and longevity.
  • Celebrities and Royalty: Due to Louis Vuitton’s reputation as a premium brand, a wide range of well-known people have become customers, including stars like Madonna, Rihanna, and Angelina Jolie as well as numerous members of royal families all over the world.
  • Unlike many other high-end manufacturers, Louis Vuitton hardly ever has sales or reductions. This exclusivity upholds the brand’s premium reputation and increases its attraction.
  • Iconic Handbag Designs: The Speedy and the Neverfull are two Louis Vuitton handbag designs that have stood the test of time and are still sought after by fashion fans all over the world.
  • Louis Vuitton routinely partners with artists, designers, and celebrities to produce limited-edition collections, which give their goods a touch of originality and innovation.
  • High-profile Fashion Shows: To display its most recent collections, Louis Vuitton holds lavish fashion shows all around the world. Top celebrities, influencers, and members of the fashion business attend these events, which are eagerly anticipated.
  • Global Expansion: Louis Vuitton has boutiques in significant cities all over the world, giving it a strong international presence. Its entry into emerging countries has helped to make it one of the most valuable luxury brands in the world.
  • Initiatives for Sustainability: Louis Vuitton has made efforts recently to include sustainability into its operations, including employing more environmentally friendly materials and integrating ethical sourcing throughout its supply chain.

Louis Vuitton Overview

Key StatInfo
Founder(s)Louis Vuitton
Founded1845 in France
HeadquartersParis, France
IndustryLuxury Goods
OwnersLVMH
CEO (current)Pietro Beccari
Service AreaWorldwide
Websitehttps://www.louisvuitton.com/

What is Louis Vuitton’s brand value?

Louis Vuitton’s brand value has grown significantly over the years, amounting to around $23.4 billion in 2022.

This represents a major increase from its valuation of $14.9 billion in 2021, underscoring the brand’s robust market position and worldwide reputation as a top-tier luxury fashion house.

YearValuation
2022$23.4 billion
2021$14.9 billion
2020$16.5 billion
2019$13.6 billion
2018$10.5 billion
2017$8.9 billion
2016$10.4 billion

Source: Statista

Louis Vuitton Revenue

Louis Vuitton’s revenue in 2021 was an impressive $75.9 billion, up from $51 billion in 2020.

This trend has continued since 2016, with revenue of $41.6 billion, $48 billion, $55.3 billion, and $60 billion in 2016, 2017, 2018, and 2019 respectively.

Year Revenue
2021$75.9 billion
2020$51 billion
2019$60 billion
2018$55.3 billion
2017$48 billion
2016$41.6 billion

Source: Macrotrend

What is Louis Vuitton’s market Cap Share in the Luxury Industry?

Louis Vuitton leads the luxury industry with a remarkable market capitalization of $306.18 billion, surpassing its closest competitors, Hermès International and Christian Dior, with market capitalizations of $111.62 billion and $106.75 billion, respectively.

Despite facing competition from other prominent brands like Moncler, Burberry, and others, Louis Vuitton’s dominant market capitalization showcases its prestigious position and influence in the luxury market.

BrandMarket capitalization
LVMH Moet Hennessy Louis Vuitton S.E.$306.18 billion
Hermès International S.A.$111.62 billion
Christian Dior S.E.$106.75 billion
Kering S.A.$62.92 billion
Moncler S.p.A.$11.49 billion
Burberry Group plc$7.95 billion
Ralph Lauren Corporation$6.25 billion
Capri Holdings Limited$5.86 billion
Canada Goose Holdings Inc.$1.9 billion
Hugo Boss A.G.$3.63 billion
Vince Holding Corp.$0.96 billion

Source: Statista

What are some of the most sought-after Louis Vuitton products?

Louis Vuitton bags are highly coveted worldwide for their exquisite craftsmanship and timeless designs. Here are five of the most popular Louis Vuitton bags.

Bag NameDescription
SpeedyA classic and versatile handbag available in various sizes, perfect for everyday use.
AlmaA sophisticated and elegant satchel bag that exudes timeless charm and style.
Pochette AccessoriesA chic and compact clutch, ideal for adding a touch of glamour to any outfit.
NeverfullSpacious and functional, this tote bag is a go-to choice for those seeking both style and utility.
CapucinesA luxurious and refined top-handle bag, designed to make a statement of understated elegance.

Source: Vogue

What is Louis Vuitton’s worldwide presence?

Louis Vuitton has a significant worldwide presence, with operations in 63 countries and over 457 stores. While physical stores are concentrated in select locations, the brand’s iconic products are accessible globally through various channels.

This makes luxury fashion more attainable to a broader audience, whether you are in a country with a flagship store or on the other side of the world. Fashion lovers everywhere can enjoy the allure and elegance of Louis Vuitton.

What countries have the most Louis Vuitton stores?

Louis Vuitton has a strong presence in many countries, with most stores in the United States (129), Japan (55), and China (43, including Hong Kong and Macau).

The brand’s global network spans 63 countries, ensuring international access to its sought-after luxury products.

CountryNumber of LV Stores
United States129 Stores
Japan55 Stores
China (inc. Hong Kong & Macau)43 Stores
South Korea29 Stores
Italy19 Stores
France (inc. overseas territories)18 Stores
United Kingdom (inc. overseas territories)13 Stores
Germany12 Stores
Australia10 Stores
Taiwan10 Stores

Source: Quizzes

Louis Vuitton in the United States

Louis Vuitton is a well-known and popular luxury fashion brand in the United States, with 83% of respondents being familiar with it. Among those who know the brand, 47% like it.

28% of luxury fashion users in the U.S. choose Louis Vuitton products, and 34% of those who are familiar with the brand are active users. The brand has a loyal customer base, with approximately 71% of its owners expressing a likelihood of using Louis Vuitton again.

Around 20% of U.S. luxury fashion users have heard about Louis Vuitton through media, social media, or advertising within the past three months. However, only 24% of those aware of the brand have been exposed to its recent news and events.

CharacteristicShare of respondents
Awareness83%
Popularity39%
Usage28%
Loyalty20.00%
Buzz20%

Source: Statista

Louis Vuitton in the United Kingdom

Louis Vuitton enjoys strong brand awareness in the UK, with an impressive 86% recognition among luxury fashion users. Of those aware of the brand, 43% express a liking for it, contributing to its popularity in the UK luxury fashion market.

Regarding usage, 18% of UK luxury fashion users choose Louis Vuitton products, representing 21% of those familiar with the brand. The brand also boasts a loyal customer base, with approximately 72% of Louis Vuitton owners indicating a likelihood of using the brand again.

In terms of media exposure, around 16% of UK luxury fashion users encountered Louis Vuitton through media, social media, or advertising in the past three months as of September 2022.

However, only 19% of those familiar with the brand were exposed to its recent buzz, suggesting relatively low levels of buzz surrounding Louis Vuitton in the UK at the time of the survey.

CharacteristicShare of respondents
Awareness86%
Popularity37%
Usage18%
Loyalty13%
Buzz16%

Source: Statista

How much is the most expensive Louis Vuitton product ever sold?

The Steiff Louis Vuitton Teddy Bear holds the record for the most expensive Louis Vuitton product ever sold, fetching a staggering $2.1 million at auction in Monaco.

The bear is a rare and valuable item, featuring hand-made embroidery stitching with a Louis Vuitton logo patch on its velvet exterior and silk-lined interior face.

It was created in collaboration with toy manufacturer Steiff exclusively for the flagship boutique at the iconic Fifth Avenue store in New York.

In 2007, the teddy bear was sold at a charity auction, with all proceeds donated to Doctors Without Borders. Today, this extravagant and impressive teddy bear is on display at the Teddy Bear Museum in Jeju, Korea.

Source: Expensive World

Louis Vuitton Customer Demography

Louis Vuitton Customers by Gender

Louis Vuitton draws a varied audience, with 42.45% male and 57.55% female website visitors. This gender distribution highlights the brand’s broad appeal and popularity among both men and women.

GenderDistribution
Female57.55%
Male42.45%

Source: Similar web

Louis Vuitton Customers by Age

Based on the louisvuittion.com data, the majority of their audience falls within the 18-34 age range, comprising 27.06% for 18-24 and 33.33% for 25-34.

Additionally, there is significant representation from the 35-44 age group, accounting for 17.75% of their customers.

The brand’s appeal extends to older demographics as well, with 11.20% falling in the 45-64 age range.

Customers aged 55-64 and 65+ also contribute to their audience, making up 6.79% and 3.87% respectively.

Age GroupDistribution
18 – 2427.06%
25 – 3433.33%
35 – 4417.75%
45 – 6411.20%
55 – 646.79%
65+3.87%

Source: Similar web

Louis Vuitton Customers by Income

Louis Vuitton customers’ ownership of fashion or accessories varies based on their income. In 2018, 34.78% of respondents from households earning $9,000 – $10,000 per month owned Louis Vuitton items. The data suggests that households with higher incomes tend to have a greater number of Louis Vuitton products.

Ownership rates for other income ranges were as follows:

Monthly Income RangeDistribution
$2,000 – $3,00015%
$3,000 – $4,00021%
$4,000 – $5,00021%
$5,000 – $6,00021%
$6,000 – $7,00024%
$7,000 – $8,00029.55%
$8,000 – $9,00020.59%
$9,000 – $10,00034.78%
More than $10,00027.15%

Source: Statista

How does Louis Vuitton Advertise?

Louis Vuitton’s advertising strategy focuses on exclusivity, emphasizing the brand’s image as a symbol of prestige and success. Collaborating with renowned artists and photographers, such as Jeff Koons, Yayoi Kusama, and Stephen Sprouse, brings fresh perspectives to its collections and showcases the blend of art and fashion.

The brand also hosts its own grandiose fashion shows worldwide, from Paris to New York, Tokyo to Milan. These runway extravaganzas captivate the global fashion community, unveiling its latest releases and reinforcing its dominance in the luxury market.

Additionally, the brand has strategically partnered with A-list celebrities like Lionel Messi, Cristiano Ronaldo, and Zendaya, merging high fashion with entertainment and sports.

While maintaining an aura of exclusivity in print advertisements, Louis Vuitton also engages with its loyal followers and potential customers worldwide through curated social media content that showcases the craftsmanship and heritage of its products.

Louis Vuitton’s advertising campaigns often feature breathtaking landscapes and iconic landmarks, capturing the essence of travel and adventure, themes deeply ingrained in the brand’s identity.

Who founded Louis Vuitton?

Louis Vuitton founded the luxury fashion house in 1854, creating innovative luggage for wealthy travellers. His dedication to craftsmanship established the brand’s reputation for excellence.

Today, Louis Vuitton is synonymous with prestige and style, captivating fashion enthusiasts worldwide.

Vuitton passed away in 1892 at the age of 70, but his legacy lives on through the thriving brand.

Who owns Louis Vuitton?

Louis Vuitton is a brand under LVMH, a multinational luxury goods conglomerate based in Paris that was formed in 1987 after the merging of Louis Vuitton and Moët Hennessy. Today, LVMH is the largest luxury goods company in the world, boasting a portfolio of high-end brands in fashion, leather goods, perfumes, cosmetics, wines, and spirits.

Bernard Arnault, the chairman, and CEO of LVMH, is a prominent figure in the luxury industry and one of the wealthiest individuals in the world.

What is Bernard Arnault; Louis Vuitton’s owner’s net worth?

Bernard Arnault, the owner of Louis Vuitton, is one of the world’s wealthiest people, with a net worth of $228 billion. He leads LVMH MoĂ«t Hennessy Louis Vuitton SE, the largest luxury goods company in the world, which includes brands like Louis Vuitton, Christian Dior, Givenchy, Fendi, MoĂ«t & Chandon, and more.

Arnault’s entrepreneurial skills and strategic leadership have shaped the global fashion and luxury market, as evident by his net worth.

YearNet Worth
2023$228 billion
2022$158 billion
2021$150 billion
2020$76 billion
2019$76 billion
2018$72 billion

Source: Forbes

Who are the Key people at Louis Vuitton?

NamePositionRegion
Pietro BeccariCEOWorldwide
Christelle CapdupuyChief Sustainability OfficerWorldwide
Rolle FulvioChief Financial OfficerWorldwide
Robert CalzadillaPresidentNorth Asia
Marco ComazziPresidentSouth Asia
Alessandro ValentiPresidentEMEA
Lanessa ElrodPresident & CEOAmericas
Edouard FaurePresidentJapan

Source: The Org

Who are Louis Vuitton’s creative directors?

Here is a list of Louis Vuitton Creative Directors over the years:

NameTime at LV
Marc Jacobs1997-2014
Nicolas Ghesquière2013 – present
Virgil Abloh2015 -2021
Pharrell Williams2023 – present

How many employees does Louis Vuitton have?

Louis Vuitton is a well-known luxury fashion brand with over 20,000 dedicated professionals worldwide.

These professionals play a crucial role in the brand’s success by providing expert craftsmanship and delivering exceptional products and experiences to their discerning clientele.

YearHead Counts of Louis Vuitton Employees
2021196,000 employees
2020148,343 employees
2019147,715 employees
2018156,088 employees
2017145,247 employees
2016134,476 employees

Source: Macrotrend

Where is the Louis Vuitton office?

Louis Vuitton is headquartered in Paris, France, at “2 Rue du Pont Neuf, 75001 Paris”. The company also has offices and stores across Asia, Europe, and North America, catering to customers worldwide with its luxury products.

Frequently Asked Questions about Louis Vuitton

Why is Louis Vuitton so expensive?

Louis Vuitton is known for being a luxury brand with a high price tag due to several factors:

  • Exclusivity: Louis Vuitton purposefully limits production to create a sense of exclusivity. The resulting scarcity and high demand for their products contribute to their premium prices.
  • High-quality materials: Louis Vuitton uses top-notch materials, such as premium leather, high-grade canvas, and rare textiles, to ensure their products are durable and long-lasting.
  • Handcrafted craftsmanship: Each Louis Vuitton item undergoes meticulous craftsmanship by skilled artisans, resulting in impeccable detailing and finishing, which adds to the cost.
  • Iconic design and heritage: The brand’s timeless designs, combined with its rich history and heritage, make Louis Vuitton products highly desirable to luxury consumers.
  • Brand reputation: Louis Vuitton’s reputation as a symbol of luxury, elegance, and status in the fashion world commands premium pricing.
  • Marketing and branding: Extensive marketing and branding efforts position Louis Vuitton as a prestigious luxury brand, further justifying the premium prices.

All in all, Louis Vuitton’s dedication to quality, craftsmanship, design, and its status as a luxury icon contribute to its high price point in the fashion industry.

How expensive is a Louis Vuitton bag?

Louis Vuitton bags come in a wide range of prices, depending on the model, materials used, and size.

They are generally considered luxury items and can cost anywhere from a few hundred to several thousand dollars. The iconic LV monogram canvas bags, such as the Speedy and Neverfull, typically start around $1,000 to $2,000.

However, more exclusive and limited-edition designs can cost over $10,000. In addition, exotic leather versions and designer collaborations can significantly increase the price of a Louis Vuitton bag.

What does the Louis Vuitton logo mean?

The Louis Vuitton logo is a stylized combination of the initials of the brand’s founder, Louis Vuitton, namely “L” and “V”. It is widely known as the “LV monogram” and is acknowledged globally as a symbol of luxury, high-end fashion, and Joy.

The logo was first introduced in 1896 and has since become an iconic symbol associated with Louis Vuitton’s products.

The LV monogram represents the brand’s legacy, history, and dedication to craftsmanship, making it one of the most recognizable and desirable logos in the fashion industry.

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About the Author

Ch Daniel is the co-founder and co-CEO of Legit Check By Ch, one of the world's leading companies in product authentications. Daniel's experience: 8+ years in the luxury industry, 7+ years in the authentication industry, 10+ years of business development. Currently, Daniel is overseeing the development of new products of Legit Check By Ch.
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