by brand. Hennessy cognac performed well with an increase in volumes compared to 2019, despite supply constraints. For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). Please create an employee account to be able to mark statistics as favorites. Fashion & Leather Goods: exceptional performances by Louis Vuitton, Christian Dior, Celine, Fendi, Loro Piana, Loewe and Marc Jacobs. The brand made headlines after launching a collection of luggage with the brand Supreme in December 2018. Tugba Sabanoglu. 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. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. Growth was particularly strong in the United States and Europe, which benefited from the reopening of restaurants and the gradual recovery in regional tourism. Belvedere. 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. LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the . The Dior brand has proven a staple of Arnaults holdingsand, in turn, LVMHs businessever since. Are you interested in testing our business solutions? LVMH is currently highly dependent on a small number of well-performing brands for large shares of its revenue. Condensed consolidated accounts for 2021 are included in the PDF version of the press release. Profit from recurring operations was up 79% compared to 2020 and 75% compared to 2019. Les Mtiers dExcellence LVMH back on tour! The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). Maison Francis Kurkdjian supports efforts to protect sperm whales. Belvedere is a Polish rye vodka brand that was founded in 1993. Fred continued its strong growth. The LVMH brand Belmond will manage the Hotel Romazzino, which will open for the 2024 season as the "Romazzino, A Belmond. 2015. Christian Dior benefited from the enormous success of Miss Dior and Sauvage. The details of the deal were undisclosed. A strong social and economic footprint in France. Profit from recurring operations was slightly down as a result of a very selective policy of distribution to assert itself in the prestige universe. Profit from recurring operations was up 48%. 2. Profit from recurring operations stood at 21.1 billion for 2022, up 23%. The end of the year has been marked by the premature passing of Virgil Abloh, Mens Artistic Director of Louis Vuitton since March 2018. 2021 was also a year in which LVMH was deeply moved by the tragic passing of Virgil Abloh, whose creative genius I would like to applaud. 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.
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