LVMH Group Revenue and Growth Statistics (2024)

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.

Amazing Facts about LVMH

• LVMH is the world’s largest luxury goods company.
• LVMH was founded in 1987 by Bernard Arnault.
• LVMH owns over 70 brands, including Louis Vuitton, Dior, Fendi, Celine, and Moët & Chandon.
• LVMH’s annual revenue is over €75 billion.
• LVMH has over 150,000 employees in over 70 countries.
• LVMH is a publicly traded company on the Euronext Paris stock exchange.
• LVMH is a member of the CAC 40 index, a stock market index of the 40 largest companies listed on the Euronext Paris stock exchange.
• LVMH is headquartered in Paris, France.

LVMH Overview

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 Market Cap

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

LVMH Revenue

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

LVMH Revenue by Region

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

LVMH Revenue Share by Regions

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

LVMH Revenue by Product Segment

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

LVMH Profit

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

LVMH Gross Profit

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

LVMH Recurring Operating Income

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

What are the most valuable LVMH brands?

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,

LVMH Brands

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 Investments, Acquisitions, Funding and Research funding

LVMH Investments

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 Acquisitions

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

LVMH’s Research and development (R&D) expenditure

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 Group Funding

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

How many LVMH stores are there?

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

LVMH Stores by Region

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

How does LVMH advertise?

• Celebrity Collaborations: Louis Vuitton’s collaboration with celebrities like Emma Stone, Alicia Vikander, and Michelle Williams for their handbag campaigns, or Dior partnering with celebrities like Jennifer Lawrence and Natalie Portman for their fragrances.
• Social Media Engagement: LVMH brands like Fenty Beauty by Rihanna and Sephora effectively use platforms like Instagram, Twitter, and TikTok to engage with their audience through visually appealing content, tutorials, and user-generated posts.
• Fashion Shows and Events: Brands like Christian Dior and Louis Vuitton organize extravagant fashion shows and events, such as runway presentations, pop-up stores, and interactive exhibitions to showcase their latest collections.
• Experiential Marketing: Dom Pérignon hosted immersive experiences like “The Assemblage” where attendees could explore the champagne-making process firsthand and engage with the brand’s history.
• Visual Ad Campaigns: Moët & Chandon’s visually stunning ad campaigns feature elegant champagne moments and celebrations, often featuring iconic landmarks and luxury settings.
• Partnerships with Photographers: LVMH brands collaborate with renowned photographers like Annie Leibovitz for Louis Vuitton’s “Core Values” campaign, creating visually captivating narratives.
• Luxury Magazines: LVMH’s “L’Officiel” magazine serves as a platform for brands like Louis Vuitton, Dior, and Bulgari to showcase their products, trends, and stories through editorial content.

How much does LVMH spend on Advertising?

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

Who founded LVMH?

• Bernard Arnault: He is the current chairman and CEO of LVMH. He acquired the company in 1987 and has since grown it into the world’s largest luxury goods conglomerate.
• Henry Racamier (January 25, 1912 – March 29, 2003): He was the CEO of Moët Hennessy, a champagne and cognac company, from 1971 to 1987. He played a key role in the creation of LVMH in 1987.
• Alain Chevalier (6 November 1947 – 3 October 2016): He was the CEO of Louis Vuitton, a fashion house, from 1977 to 1987. He also played a key role in the creation of LVMH in 1987.

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.

What is Bernard Arnault’s net worth?

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

LVMH Ownerships

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

Key People at LVMH

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

Where is LVMH headquarters located?

LVMH’s headquarters is situated in Paris, France, specifically at 22 Avenue Montaigne.

Country	City	Address
France	Paris	22 Av. Montaigne HQ

Source: Craft

How many people work at LVMH?

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

LVMH Employee Breakdown

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

What is LVMH’s Revenue Per Employee?

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

Frequently Asked Questions about LVMH

What brands are LVMH?

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.

What do LVMH stand for?

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.

Who currently owns LVMH?

LVMH is primarily owned by its chairman and CEO, Bernard Arnault, and his family.

Is Gucci owned by LVMH?

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.

Who owns most luxury brands?

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.

Who owns Moët Hennessy?

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.

How does LVMH make money?

LVMH earns money by selling luxury products like fashion items, cosmetics, jewelry, and wines. Its renowned brands attract wealthy customers, driving sales and profits.

What is the world’s largest luxury goods company?

The world’s largest luxury goods company is LVMH (Moët Hennessy Louis Vuitton).