LVMH Revenue By Segment

LVMH is a luxury group owned by the Arnault family, which generated over €79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments. Yet the fashion and leather goods segment (comprising brands like Fendi and Louis Vuitton) is the major one, generating over €39 billion in revenue in 2022.

LVMH is a luxury powerhouse with brands spanning five categories (wines & spirits, fashion & leather goods; perfumes & cosmetics; watches & jewelry; and selective retailing).

lvmh-revenue-breakdown — LVMH is a luxury group owned by the Arnault family, which generated over €79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments, from spirits to fashion, luxury and cosmetics, and luxury retail. Over the years, fashion and leather goods has become the leading segment, generating over €38 billion in revenue in 2022, followed by selective retailing, watches and jewellery, perfumes and cosmetics, and wine and spirits.

Thad transformed Bernard Arnault, its founder and CEO, into one of the wealthiest people on earth. Indeed, the Arnault family keeps tight control over LVMH.

bernard-arnault-net-worth — Bernard Arnault’s wealth is around $203 billion. Indeed Arnault is the CEO and chairman of the luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton, a massive luxury group that generated over €79 billion in revenue ($83 billion) in 2022, spanning across wines, fashion, cosmetics, and retail. The Arnault family group owns 48.18% of the capital for LVMH with 63.9% voting power, making Bernard Arnault the principal owner and decision-maker. His stake is worth over $203 billion.

The company leverages a multi-brand strategy, where the group coordinates actions and organizes manufacturing/supply chain efficiencies across its brands.

Yet, each brand is managed independently, and each brand is its distinctive attributes.

A company that follows a similar strategy is the Kering group, which owns brands like Guccy, Yves Saint Lorent, and many others.

kering-business-model — Kering Group follows a multi-brand business model strategy. The central holding helps the brands and Houses part of its portfolio leverage economies of scale while creating synergies. At the same time, those brands are run independently. Kering is today a global luxury brand that made over €20 billion in revenue based on this multi-brand strategy. Within Kering Group are brands like Gucci, Bottega Veneta, Saint Laurent, and many more—the primary operating segments based on luxury and lifestyle.

The luxury industry started a consolidation process in the mid-late 1990s that culminated with the Gucci Wars, which created two major groups in luxury: LVMH and Keering.

Indeed, in the Luxury industry, a few brands have stayed independent; some of those brands comprise Prada.