LVMH seems to be on track now – at least that’s what the numbers say.
The French luxury fashion stalwart has seen its revenue shoot up by an impressive 46 per cent to clock €44.2 billion in the first nine months of 2021.
The retailer saw its organic revenue go up by a whopping 40 per cent, when compared with 2020. Notably, the growth was 11 per cent when compared with the same period 2 years back.
Talking of fashion and leather goods segment, the organic revenue grew year-on-year by 57 per cent, while the growth was 38 per cent compared with 2019.
Region-wise, LVMH got good response from the US and Asia as both the continents continued to register growth in double digits.
Moving forward, the luxury fashion retailer has expressed confidence that the growth process will continue in the coming months and in 2022.
Paris-based LVMH controls around 60 subsidiaries each of which run number of reputed brands that include Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro Piana and Kenzo, amongst others. LVMH was founded in 1987 and generated €53.7 billion in 2019.
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