Last Updated on December 28, 2023 by Ch David
This research article delves into the LVMH Group‘s revenue, valuation, growth, brands, number of employees over the years and more.
Key Stat | Info Stat |
---|---|
Founders | Bernard Arnault, Alain Chevalier and Henry Racamier |
Founded | 1987 |
Headquarters | Paris, France |
Industry | Luxury Goods |
Owner | Publicly Traded |
CEO (current) | Bernard Arnault |
Service(s) | Fashion, Wines & Spirits, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing |
Brands | Louis Vuitton, Moët & Chandon, Hennessy, Christian Dior, Givenchy, Fendi, Bulgari, Sephora, and more |
Revenue | €79.18 billion (2022) |
Employees | 196,006 employees (2022) |
Website | lvmh.com |
Service Area | Worldwide |
LVMH’s market capitalization has reached $455.50 billion, reflecting an increase from the $363.55 billion observed in 2022, $414.55 billion in 2021, and $316.64 billion in 2020.
Year | LVMH Market Cap |
---|---|
2023 | $455.50 billion |
2022 | $363.55 billion |
2021 | $414.55 billion |
2020 | $316.64 billion |
2019 | $233.69 billion |
2018 | $148.54 billion |
2017 | $147.32 billion |
2016 | $96.55 billion |
2015 | $79.66 billion |
2014 | $80.72 billion |
2013 | $91.63 billion |
2012 | $91.79 billion |
2011 | $71.97 billion |
2010 | $80.22 billion |
Source: Companies Market Cap
In 2022, LVMH bounced back from the pandemic with a remarkable 77% revenue increase, reaching €79.18 billion (around $86.84 billion). This trend continued from 2019’s €53.67 billion, 2020’s €44.65 billion, and 2021’s €64.22 billion.
Characteristic | LVMH’s Revenue (EUR) | LVMH’s Revenue (USD) |
---|---|---|
2022 | €79.18 billion | $86.84 billion |
2021 | €64.22 billion | $70.43 billion |
2020 | €44.65 billion | $48.98 billion |
2019 | €53.67 billion | $58.88 billion |
2018 | €46.83 billion | $51.37 billion |
2017 | €42.64 billion | $46.77 billion |
2016 | €37.60 billion | $41.25 billion |
2015 | €35.66 billion | $39.12 billion |
Source: Statista
In 2022, LVMH’s revenues from the United States reached about 21.6 billion euros, contributing to a total revenue of 79.2 billion euros for the year.
Year | France | Europe (excl. France) | United States | Japan | Asia (excl. Japan) | Other |
---|---|---|---|---|---|---|
2022 | €6.07 billion | €12.72 billion | €21.54 billion | €5.45 billion | €5.44 billion | €9.63 billion |
2021 | €4.11 billion | €9.86 billion | €16.59 billion | €4.38 billion | €22.37 billion | €6.90 billion |
2020 | €3.33 billion | €7.34 billion | €10.65 billion | €3.16 billion | €15.37 billion | €4.80 billion |
2019 | €4.73 billion | €10.20 billion | €12.61 billion | €3.88 billion | €16.20 billion | €6.06 billion |
2018 | €4.49 billion | €8.73 billion | €11.21 billion | €3.35 billion | €13.72 billion | €5.32 billion |
2017 | €4.17 billion | €8 billion | €10.69 billion | €2.96 billion | €11.88 billion | €4.94 billion |
2016 | €3.75 billion | €6.83 billion | €10.00 billion | €2.70 billion | €9.92 billion | €4.41 billion |
2015 | €3.55 billion | €6.41 billion | €9.35 billion | €2.49 billion | €9.64 billion | €4.24 billion |
Source: Statista
In 2022, the United States contributed 37% to LVMH’s global revenue share, while the rest of Asia and Europe accounted for 20% and 18% respectively.
France and Japan each made up 6%, and other markets comprised 13% of the total revenue share.
Characteristic | Revenue share |
---|---|
United States | 37% |
Rest of Asia | 20% |
Rest of Europe | 18% |
France | 6% |
Japan | 6% |
Other markets | 13% |
Source: Statista
In 2022, LVMH Fashion and Leather Goods generated €38.65 billion, Selective Retailing reached €14.85 billion, Perfumes and Cosmetics contributed €7.72 billion, Wines and Spirits added €7.1 billion, Watches and Jewelry brought in €10.58 billion, and Other Activities accounted for €281 million.
Year | Fashion and leather goods | Selective retailing | Perfumes and cosmetics | Wines and spirits | Watches and jewelry | Other activities and eliminations |
---|---|---|---|---|---|---|
2022 | €38.65 billion | €14.85 billion | €7.72 billion | €7.1 billion | €10.58 billion | €281 million |
2021 | €30.90 billion | €11.75 billion | €6.61 billion | €5.97 billion | €8.96 billion | €19 million |
2020 | €21.21 billion | €10.16 billion | €5.25 billion | €4.76 billion | €3.36 billion | €-70 million |
2019 | €22.24 billion | €14.79 billion | €6.84 billion | €5.58 billion | €4.41 billion | €-174 million |
2018 | €18.46 billion | €13.65 billion | €6.09 billion | €5.14 billion | €4.12 billion | €-633 million |
2017 | €15.47 billion | €13.31 billion | €5.56 billion | €5.08 billion | €3.81 billion | €-596 million |
2016 | €12.78 billion | €11.97 billion | €4.95 billion | €4.84 billion | €3.47 billion | €-404 million |
2015 | €12.37 billion | €11.19 billion | €4.67 billion | €4.60 billion | €3.31 billion | €-480 million |
Source: Statista
In 2022, LVMH achieved a remarkable net profit of €14.75 billion (approximately $16.18 billion), showcasing significant growth.
Year | LVMH Net Profit (EUR) | LVMH Net Profit (USD) |
---|---|---|
2022 | €14.75 billion | $16.18 billion |
2021 | €12.70 billion | $13.93 billion |
2020 | €4.96 billion | $5.44 billion |
2019 | €7.78 billion | $8.53 billion |
2018 | €6.99 billion | $7.67 billion |
2017 | €5.84 billion | $6.4 billion |
Source: Statista
In 2022, LVMH achieved a substantial gross profit of €54.2 billion ($59.43 billion), reaffirming its position as a prominent French luxury goods corporation.
Year | LVMH Gross Profit (EUR) | LVMH Gross Profit (USD) |
---|---|---|
2022 | €54.2 billion | $59.43 billion |
2021 | €43.86 billion | $48.1 billion |
2020 | €28.78 billion | $31.55 billion |
2019 | €35.55 billion | $38.98 billion |
2018 | €31.2 billion | $34.2 billion |
2017 | €27.85 billion | $30.54 billion |
Source: Statista
In 2021, LVMH achieved an operating income of over €17.1 billion ($18.81 billion), deducting essential expenses like wages and depreciation.
Year | LVMH Operating Income (EUR) | LVMH Operating Income (USD) |
---|---|---|
2021 | €17.15 billion | $18.81 billion |
2020 | €8.31 billion | $9.11 billion |
2019 | €11.5 billion | $12.62 billion |
2018 | €10.00 billion | $10.97 billion |
2017 | €8.29 billion | $9.1 billion |
2016 | €7.03 billion | $7.71 billion |
2015 | €6.61 billion | $7.25 billion |
Source: Statista
Louis Vuitton leads as LVMH’s most valuable brand at $124.27 billion, in fashion and leather goods.
Other notable brands include Dior, Bulgari, Marc Jacobs, Tiffany & Co., Fendi, Givenchy, and Moët & Chandon.
Brand | Brand Value | Industry |
---|---|---|
Louis Vuitton | $124.27 billion | Fashion and leather goods |
Dior | $10.53 billion | Fashion and cosmetics |
Bulgari | €10.06 billion | Jewelry and watches |
Marc Jacobs | $6.88 billion | Fashion and accessories |
Tiffany & Co. | $6.72 billion | Jewelry and watches |
Fendi | €6.3 billion | Fashion and leather goods |
Givenchy | $2.0 billion (2020) | Fashion and cosmetics |
Moët & Chandon | $1.4 billion | Wine and spirits |
Source: Kantar, Statista, Statista, Comparably, Statista, wein.plus,
The LVMH Group currently encompasses 81 brands under its umbrella.
LVMH Wines & Spirits comprise 27 brands, Fashion & Leather Goods encompass 14 brands, Perfumes & Cosmetics include 16 brands, Watches & Jewelry consist of 8 brands, Selective Retailing contains 6 brands, and Other Activities involve 10 brands.
Brand Category | Brand Names |
---|---|
Wines & Spirits | Ao Yun, Ardbeg, Belvedere, Bodega Numanthia, Chandon, Château Cheval Blanc, Château d’Yquem, Château Galoupet, Cheval des Andes, Clos19, Cloudy Bay, Colgin Cellars, Dom Pérignon, Domaine des Lambrays, Eminente, Glenmorangie, Hennessy, Joseph Phelps, Krug, Mercier, Moët & Chandon, Newton Vineyard, Ruinart, Terrazas de los Andes, Veuve Clicquot, Volcan de mi Tierra, Woodinville |
Fashion & Leather Goods | Berluti, Celine, Christian Dior, Emilio Pucci, Fendi, Givenchy, Kenzo, Loewe, Loro Piana, Louis Vuitton, Marc Jacobs, Moynat, Patou, RIMOWA |
Perfumes & Cosmetics | Acqua di Parma, Benefit Cosmetics, Cha Ling, Fenty Beauty by Rihanna, Fresh, Givenchy Parfums, Guerlain, Kenzo Parfums, KVD Beauty, Loewe Perfumes, Maison Francis Kurkdjian, Make Up For Ever, Officine Universelle Buly, OLEHENRIKSEN, Parfums Christian Dior, STELLA by Stella McCartney |
Watches & Jewelry | Bulgari, Chaumet, Fred, Hublot, Repossi, TAG Heuer, Tiffany & Co., Zenith |
Selective Retailing | 24S, DFS, La Grande Epicerie de Paris, Le Bon Marché Rive Gauche, Sephora, Starboard Cruise Services |
Other Activities | Belmond, Cheval Blanc, Connaissance des Arts, Cova, Investir, Jardin d’Acclimatation, Le Parisien, Les Echos, Radio Classique, Royal Van Lent |
Source: LVMH
LVMH has invested in 12 organizations, most recently supporting Woola on June 15, 2023. They have also made 6 diversity investments, including a $5 million investment in Pachama on September 15, 2020.
Notable past investments include Lyst, Tod’s, and Verishop.
Announced Date | Organization Name | Funding Round |
---|---|---|
Jun 15, 2023 | Woola | Grant – Woola |
May 12, 2021 | Lyst | Venture Round – Lyst |
Apr 26, 2021 | Tod’s | Post-IPO Equity – Tod’s |
Sep 15, 2020 | Pachama | Seed Round – Pachama |
Mar 16, 2020 | Verishop | Series B – Verishop |
Nov 26, 2019 | Verishop | Seed Round – Verishop |
May 24, 2018 | Lyst | Corporate Round – Lyst |
Dec 6, 2017 | Moda Operandi | Series F – Moda Operandi |
Feb 13, 2015 | Moda Operandi | Series E – Moda Operandi |
Dec 27, 2013 | Moda Operandi | Series D – Moda Operandi |
Source: Crunchbase
LVMH has acquired 45 organizations, with their latest addition being Platinum Invest Group on Apr 14, 2023. Here are some of their recent acquisitions:
Acquiree Name | Announced Date | Transaction Name |
---|---|---|
Platinum Invest Group | Apr 14, 2023 | Platinum Invest group acquired by LVMH |
Pedemonte Group | Nov 28, 2022 | Pedemonte Group acquired by LVMH |
Joseph Phelps Vineyards | Jun 29, 2022 | Joseph Phelps Vineyards acquired by LVMH |
Buly 1803 | Oct 5, 2021 | Buly 1803 acquired by LVMH |
Off White | Jul 20, 2021 | Off White acquired by LVMH |
Tiffany & Co | Nov 25, 2019 | Tiffany & Co acquired by LVMH |
Repossi | May 22, 2019 | Repossi acquired by LVMH |
Belmond | Dec 14, 2018 | Belmond acquired by LVMH |
Colgin Cellars | Nov 21, 2017 | Colgin Cellars acquired by LVMH |
Christian Dior | Apr 30, 2017 | Christian Dior acquired by LVMH |
Source: Crunchbase
This data showcases LVMH Group’s worldwide research and development expenditure between 2008 and 2020.
Notably, in 2019, the group allocated around 139 million euros for R&D activities.
Year | LVMH R&D Expenditure (EUR) | LVMH R&D Expenditure (USD) |
---|---|---|
2020 | €139 million | $152 million |
2019 | €140 million | $153 million |
2018 | €130 million | $142 million |
2017 | €130 million | $142 million |
2016 | €111 million | $121 million |
2015 | €97 million | $106 million |
2014 | €79 million | $86 million |
2013 | €71 million | $77 million |
2012 | €68 million | $74 million |
2011 | €63 million | $69 million |
2010 | €46 million | $50 million |
2009 | €45 million | $49 million |
2008 | €43 million | $47 million |
Source: Statista
LVMH raised a total of €50 million in a single venture fund named LVMH Luxury Ventures Fund I. This fund was announced on February 5, 2017, and successfully raised €50 million.
Announced Date | Fund Name | Money Raised |
---|---|---|
Feb 5, 2017 | LVMH Luxury Ventures Fund I | €50M |
Source: Crunchbase
LVMH’s store count has steadily increased over the years, reaching 5,664 stores in 2022 from 2,314 stores in 2008, showcasing their expanding global presence.
Year | Total Number LVMH of Stores |
---|---|
2022 | 5,664 LVMH stores |
2021 | 5,556 LVMH stores |
2020 | 5,003 LVMH stores |
2019 | 4,915 LVMH stores |
2018 | 4,592 LVMH stores |
2017 | 4,374 LVMH stores |
2016 | 3,948 LVMH stores |
2015 | 3,860 LVMH stores |
2014 | 3,708 LVMH stores |
2013 | 3,384 LVMH stores |
2012 | 3,204 LVMH stores |
2011 | 3,040 LVMH stores |
2010 | 2,545 LVMH stores |
2009 | 2,423 LVMH stores |
2008 | 2,314 LVMH stores |
Source: Statista
In 2022, LVMH’s store presence was 1,829 stores in Asia, 1,108 in Europe, 1,054 in the United States, and significant numbers in other markets, France, and Japan.
Region | Number of LVMH stores |
---|---|
Asia | 1,829 LVMH stores |
Europe | 1,108 LVMH stores |
United States | 1,054 LVMH stores |
Other markets | 659 LVMH stores |
France | 518 LVMH stores |
Japan | 496 LVMH stores |
Source: Statista
LVMH Group, known for brands like Louis Vuitton, invested about 9.5 billion euros in advertising worldwide, which was around 12% of its revenue. This marked a substantial increase from 2020, reflecting the luxury market’s recovery post-pandemic.
Year | LVMH Ad Spend (EUR) | LVMH Ad Spend (USD) |
---|---|---|
2022 | €9.50 billion | $10.4 billion |
2021 | €7.29 billion | $7.98 billion |
2020 | €4.87 billion | $5.33 billion |
2019 | €6.27 billion | $6.86 billion |
2018 | €5.52 billion | $6.04 billion |
2017 | €4.83 billion | $5.29 billion |
2016 | €4.24 billion | $4.64 billion |
2015 | €4.02 billion | $4.4 billion |
Source: Statista
The three men met in the early 1980s and saw an opportunity to create a luxury goods conglomerate that would combine the best of both Moët Hennessy and Louis Vuitton. They merged the two companies in 1987 and created LVMH.
LVMH has since grown into a global powerhouse with over 70 brands, including Louis Vuitton, Dior, Fendi, Celine, and Moët & Chandon.
Year | Bernard Arnault’s Net Worth |
---|---|
2023 | $228 billion |
2022 | $158 billion |
2021 | $150 billion |
2020 | $76 billion |
2019 | $76 billion |
2018 | $72 billion |
Source: Forbes
The ownership structure of LVMH is composed of various entities and investors, each contributing to the company’s equity and value.
Name | Equities | % | Valuation (EUR) |
---|---|---|---|
CHRISTIAN DIOR SE | 208,433,478 | 41.52 % | €195 billion |
Arnault Family | 33,813,211 | 6.735 % | €31.65 million |
Capital Research & Management Co. (World Investors) | 9,245,914 | 1.842 % | €8.65 million |
The Vanguard Group, Inc. | 8,422,440 | 1.678 % | €7.88 million |
Norges Bank Investment Management | 5,774,129 | 1.150 % | €5.4 million |
Fidelity Management & Research Co. LLC | 4,417,534 | 0.8799 % | €4.13 million |
BlackRock Investment Management (UK) Ltd. | 2,795,658 | 0.5569 % | €2.62 million |
Capital International Ltd. | 2,440,285 | 0.4861 % | €2.28 million |
Massachusetts Financial Services Co. | 2,277,326 | 0.4536 % | €2.13 million |
Capital Research & Management Co. (Global Investors) | 2,246,273 | 0.4474 % | €2.1 million |
Source: MarketScreener
Name | Title |
---|---|
Mr. Bernard Arnault | Chairman & CEO |
Mr. Nicolas Bazire | Sr. VP of Devel. & Acquisitions and Director |
Mr. Antonio Belloni | Group MD & Director |
Mr. Antoine Arnault | Group Chief Image & Environment Officer and Director |
Mr. Jean-Jacques Guiony | Chief Financial Officer |
Bernard Kuhn | Gen. Counsel |
Mr. Yann Bouillonnec | VP of Sales |
Ms. Chantal Gaemperle | Group Exec. VP of HR & Synergies |
Mr. Shantanu Mukherji | Managing Director od L Catterton |
Mr. Christopher de Lapuente | Chairman & CEO of Selective Retailing Division |
Source: Yahoo Finance
LVMH’s headquarters is situated in Paris, France, specifically at 22 Avenue Montaigne.
Country | City | Address |
---|---|---|
France | Paris | 22 Av. Montaigne HQ |
Source: Craft
As of 2022, LVMH employed a total of 196,006 individuals worldwide, a significant growth from 77,087 employees in 2008.
Year | Number of LVMH Employees |
---|---|
2022 | 196,006 employees |
2021 | 175,647 employees |
2020 | 163,000 employees |
2019 | 156,000 employees |
2018 | 136,633 employees |
2017 | 128,637 employees |
2016 | 116,786 employees |
2015 | 125,346 employees |
2014 | 121,289 employees |
2013 | 114,635 employees |
2012 | 106,348 employees |
2011 | 97,559 employees |
2010 | 83,542 employees |
2009 | 77,302 employees |
2008 | 77,087 employees |
Source: Statista
In 2021, around 39% of LVMH Group’s workforce globally fell within the age bracket of 25 to 34 years.
This percentage declined significantly for employees aged above 55 years, accounting for only 8% of the total employee base.
Year | Under 25 | 25 – 34 years | 35 – 44 years | 45 – 54 years | Over 55 years |
---|---|---|---|---|---|
2021 | 9% | 39% | 28% | 16% | 8% |
2020 | 9% | 40% | 28% | 16% | 8% |
2019 | 12% | 40% | 26% | 15% | 7% |
2018 | 12% | 40% | 26% | 15% | 7% |
2017 | 12% | 40% | 26% | 15% | 7% |
2016 | 13% | 40% | 25% | 15% | 7% |
2015 | 11.9% | 40.8% | 25.9% | 14.9% | 6.5% |
2014 | 11.9% | 41.1% | 25.7% | 14.9% | 6.4% |
Source: Statista
LVMH’s revenue per employee has shown a consistent increase, reaching over €400.0 in 2022, a significant rise from about €250.0 in 2020.
Year | LVMH Revenue Per Employee (EUR) |
---|---|
2022 | > €400.0 |
2021 | > €350.0 |
2020 | > €250.0 |
2019 | > €300.0 |
2018 | > €300.0 |
Source: Statista
LVMH owns a diverse portfolio of luxury brands, including Louis Vuitton, Dior, Bulgari, Marc Jacobs, Tiffany & Co., Fendi, Givenchy, and Moët & Chandon, among many others.
LVMH stands for “Moët Hennessy Louis Vuitton.” It is a multinational luxury goods conglomerate that owns a wide range of luxury brands in various industries, including fashion, jewelry, watches, perfumes, cosmetics, and more.
LVMH is primarily owned by its chairman and CEO, Bernard Arnault, and his family.
No, Gucci is not owned by LVMH (Moët Hennessy Louis Vuitton). Gucci is owned by another luxury goods conglomerate called Kering (formerly known as PPR), which is a direct competitor to LVMH in the luxury fashion industry.
LVMH (Moët Hennessy Louis Vuitton) is one of the biggest owners of luxury brands owning Louis Vuitton, Dior, Bulgari and many more, but there are other major companies like Kering and Richemont that also own many luxury brands.
Moët Hennessy is owned by LVMH. Moët Hennessy is a division of LVMH (Moët Hennessy Louis Vuitton), which is a French multinational luxury goods conglomerate.
LVMH earns money by selling luxury products like fashion items, cosmetics, jewelry, and wines. Its renowned brands attract wealthy customers, driving sales and profits.
The world’s largest luxury goods company is LVMH (Moët Hennessy Louis Vuitton).