LVMH’s Post

LVMH Climbs on Strong Louis Vuitton Handbags, Champagne Sales The shares of luxury conglomerate LVMH rose 8.5% on Friday, after the company reported strong Q4 sales and revenue rising 10%, contrary to an expected decline. The Q4 sales of fashion and leather goods unit, which includes Louis Vuitton and Christian Dior brands, rose 9%, per the report. The alcohol unit, which includes Moet & Chandon champagne and Hennessy cognac, unexpectedly grew in the final months of 2023 following two straight Q’s of declining sales.    Analysts approved of LVMH’s management confidence and results and, as per Thomas Chauvet of Citigroup, “support our view that 2024 could be a smooth rather than difficult year of normalisation for LVMH”. For a certain period in 2023, LVMH was Europe’s most valuable company, but declining sales pushed it to the second place, after pharma giant Novo Nordisk. Trade CFDs on LVMH: https://bit.ly/43Ytx2i 59% of retail CFD accounts lose money.

Took the opportunity to take part and successfully completed the interdisciplinary eight-week (internal) LVMH workshop “INSIDE LVMH” across the different houses ranging from Fashion&Leather Goods, Perfumes&Cosmetics, Watches&Jewelry, Selective Retailing, Wines&Spirits addressing amongst Maison Louis Vuitton, Bulgari, Dior, Loewe, Guerlain, Sephora, Hublot, etc. Topics of focus were the discussion of the Luxury industry and its fundamentals as such, the challenges of Luxury & Sustainability, Creation & Branding as well as today’s & tomorrow’s Retail & Customer Experience. #lvmh #insidelvmh

LVMH Moët Hennessy Louis Vuitton SE is reportedly exploring options for its Marc Jacobs fashion brand following interest from potential buyers, according to sources familiar with the matter. The fashion giant has engaged advisers to assess the situation, but a final decision has not been made. Marc Jacobs, known for products like "The Tote Bag," has undergone a turnaround in recent years, recording significant sales. This move could allow LVMH to focus on its higher-end offerings while capitalizing on Marc Jacobs' success in the affordable luxury market. Founded in 1984 by fashion designer Marc Jacobs and his business partner Robert Duffy, Marc Jacobs has seen notable success with products like "The Tote Bag" and its expansion into personal care and beauty collections. Despite being priced lower than some of LVMH's other luxury brands, Marc Jacobs has recorded substantial sales, with estimates reaching around €600 million ($642 million) in sales for 2023. This potential divestment comes amid LVMH's position as the world's largest luxury conglomerate, boasting a diverse portfolio of 75 labels, including renowned brands like Tiffany & Co., Christian Dior SE, and Dom Perignon champagne. #Growth #Retail #LuxuryGoods #Business #Fashion #Divestment I Bloomberg News I Pamela Barbaglia I Crystal Tse I Vinicy Chan I Angelina Rascouët

Luxury Continues to Grow - LVMH Sales Beat Expectations - WSJ The owner of the Louis Vuitton, Dior and Celine brands reported sales of $93.8B for 2023, up an impressive 13% from the previous year. LVMH Results by Division - Selective Retailing (unit that houses Sephora): up 25%  - Fashion & Leather: up 14% - Perfumes & Cosmetics: up 11% - Watches & Jewelry: up 7% - Wines & Spirits: down 4% Key Take-A-Ways 1. The growing global demand for luxury goods continues the decade long trend of 'retail bifurcation' - where both high end and discount mass retail have been growing while mid-tier retail continue to get squeezed. 2. Luxury brands are keeping a close eye on the Chinese economy - the country was the world’s largest luxury market before the pandemic - as China’s economy has been suffering from a prolonged downturn in the property sector as well as weak exports and consumer demand.

Do you want to increase sales 89% like Miu Miu? This is what you need to learn The company’s financial results show an 89% growth in sales for the first quarter of the year compared to last year, an unimaginable feat during the recent luxury retail slowdown. What is this brand doing to gain more and more followers and convert their popularity into sales? We’ll explain their business strategy and what you can learn from them. Read more https://lnkd.in/efatHvqs

LVMH Sales Grow 3% as Luxury Boom Stalls. Luxury conglomerate LVMH reported first-quarter sales up 3 percent on an organic basis, confirming fears that luxury demand would continue to sputter as slowing economic growth, high inflation, renewed demand for travel and experiences and customer fatigue with logo-heavy merchandise all take a toll on the sector. Brands and Categories The group’s key fashion and leather goods division grew 2 percent on an organic basis. Watches and jewellery sales fell 2 percent, less than one year after the reopening of Tiffany & Co’s “Landmark” flagship in New York. Wine and spirits was the worst-performing division, with sales falling 12 percent, while the group’s Selective Retailing unit offered the brightest spot: “Remarkable growth” at cosmetics chain Sephora drove the division up 11 percent even as duty-free retailer DFS continued to struggle, LVMH said. Perfume and cosmetics sales grew 7 percent. We see a turnaround in the global fashion market, as inflation continues to cool. #lvmh #dior #sephora #cosmetics #perfume #wine #spirits #fashionbusiness #luxuryfashion #luxuryproducts #fashion

LVMH is a dominant force in the luxury industry, and the Inside LVMH certificate program provided a thrilling opportunity to explore the unique world of the luxury industry. I delved into the distinctiveness of the luxury sector through brands such as Louis Vuitton, Loewe( I finally learnt how to pronounce this brand)😂, Christian Dior, Sephora, Moët Hennessy, Bvlgari, Tiffany and co and many more. Gaining insights into the trends and challenges influencing Fashion and Leather Goods, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, and Selective Retailing was fascinating, with industry experts and seasoned professors from prestigious schools sharing their knowledge. The highlight of this experience for me was uncovering the core principles of LVMH across various topics, including sustainability, creation and design, brand management, and retail and customer experience. This experience was both captivating and enlightening. This course offered a comprehensive and engaging exploration of the luxury industry, leaving me with a deeper understanding and appreciation of the complexities and innovations driving this dynamic field. Special thanks to Bernice Asein for introducing me to this opportunity and to Chiamaka Okereh for doing this with me. If you’re passionate about Fashion law and the luxury industry, I’ll recommend this certification program. #LVMH #INSIDELVMH #INSIDELVMHCertificate #fashionlaw #LVMH #Luxury #LuxuryBusiness

Miu Miu's Global Sales were up 58% in 2023. WHY??? Here's what i took : 📍 Expanding consumer profile: ↪ Miu Miu overturned its positioning as a younger sibling brand in recent years. ↪ With a new product line that is not only ageless but increasingly genderless. ↪ Miu Miu has focused on attracting those with a "youthful attitude" ↪ Which means not just aging millennials but anyone who embodies that mindset. 📍Styling revamp of products: ↪ Miu Miu's micro-mini skirt, introduced in the SS 2022 collection. ↪ Generated media frenzy far beyond what the brand's current marketing budget could afford. 📍Return of tourists: ↪ According to Prada executives, Chinese and American tourists are returning to the region. ↪ Milan's flagship stores for Miu Miu is crowded with shoppers from the US and China, as well as from Italy and Russia. #branding #marketing #strategy

Finally I did it! #LVMH, #INSIDELVMH, #INSIDELVMHCertificate In this period I am very interested in online course, like this. Inside LVMH is a well-constructed course that I would recommend both to those curious like me who are not very knowledgeable about luxury business and to fashion and business enthusiasts. It provides a lot of knowledge and allows you to gain a lot of information about the LVMH world!

The world’s biggest luxury company, Bernard Arnault’s LVMH, marched into 2024 with the kind of optimism that instilled much-needed confidence into the rest of the industry after rumblings of a slowdown. But the first few months of the year aren’t as cheery a start as it hoped. bit.ly/3vVvSii The Paris-based LVMH, which owns brands like Christian Dior SE, Tiffany & Co., and Loro Piana, saw a slowdown in sales growth as shoppers continue to contemplate their spending on high-end goods. First-quarter revenues grew by only 3% to €20.7 billion ($22 billion), broadly in line with analyst expectations, the company reported late Tuesday. Among its segments, wines and spirits, including Champagne and Hennessy cognac, witnessed the sharpest sales decline of 12% for the quarter compared to the same period in 2023. Meanwhile, the group’s selective retailing department, which includes Sephora, grew by 11%.