LVMH continues to grow on the stock market

The quarterly season begins in France with the results of the LVMH group. In the first nine months of 2021, the world’s leading luxury goods company saw its turnover increase by 46% compared to the previous year, with total sales amounting to 44.2 billion euros.

The Group’s organic sales growth for the period is 40% compared to 2020. Compared to 2019, organic growth for the first nine months of 2021 was 11%, with trends in the third quarter comparable to those of the first half of the year, both by activity and by region.

Fashion and Leather Goods in particular achieved record levels over the period, with organic growth of 38% compared to the third quarter of 2019, and 57% for all sales in the first nine months of 2021. Louis Vuitton achieved a remarkable performance, driven by constant innovation and the quality of its products, while Christian Dior also showed very good momentum.

In the Group’s other divisions, the wines and spirits business recorded organic sales growth of 30% in the first nine months of 2021 compared to the same period last year, as did perfumes and cosmetics. The watches and jewellery business recorded organic sales growth of 49% in the first nine months of 2021 compared to the same period in 2020.

In a context of gradual emergence from the health crisis, the LVMH group says it is confident that current growth will continue, and has announced that it will maintain a strategy focused on the continued strengthening of the desirability of its brands, relying on the authenticity and quality of its products, the excellence of its distribution and the responsiveness of its organisation.

LVMH is also counting on the dynamism of its brands and the talent of its teams to continue to strengthen its lead in the global luxury market.

Nike Inc. held back in the third quarter of 2023 by its stocks

Featured Photo : © Getty Images

What's Your Reaction?

Excited

Happy

In Love

Not Sure

Silly

LUXUS +

[EN] CLAIRE DOMERGUE, A SPECIALIST IN COMMUNICATION IN THE LUXURY SECTOR, HAS SURROUNDED HERSELF WITH EXPERTS TO CREATE THE FIRST MEDIA DEDICATED TO THE ECONOMIC NEWS OF LUXURY AND FASHION. THE LATTER DRAWS THE ATTENTION OF ITS READERS TO ALL THE MAJOR PLAYERS IN THESE SECTORS WHO SHARE THEIR EXPERIENCES, VISIONS AND KNOW-HOW. MORE THAN A SPECIALIZED WEBZINE, LUXUS PLUS IS A MULTI-SECTOR INFORMATION SYSTEM, WHICH HAS BECOME THE REFERENCE MONITORING TOOL FOR LUXURY AND FASHION PROFESSIONALS. OUR NEWSLETTERS CONTRIBUTE TO MAKE OUR READERS AWARE OF THE CHANGES AFFECTING THE LUXURY INDUSTRIES. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. Plus qu’un webzine spécialisé, Luxus Plus est un système d’information multi-sectoriel, devenu l’outil de veille de référence pour les professionnels du luxe et de la mode. Nos newsletters de veille contribuent en effet à sensibiliser nos lecteurs aux mutations qui touchent les industries du luxe. Grâce à une veille accrue et à une excellente connaissance du secteur, nous nous intéressons aux principaux enjeux économiques et technologiques de la mode, la haute horlogerie, la joaillerie, la gastronomie, des cosmétiques, parfums, de l’hôtellerie, l’immobilier de prestige…