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🍾 €150mn for 10yrs, this is quite the deal (from 2025), locking up alcohol deals, watch sponsorship and the full group sponsorship and of course, neatly squaring away Rolex. Its a very clever move for LVMH for a lot of reasons: 🏁 Is there a better global platform to bring to life your luxury brands across generations? Visiting 24 of the worlds most exciting cities (note - for luxury, countries are not as important as key cities) incl. Melbourne, Miami, Monaco, Mexico City, Singapore, Austin, Las Vegas, Suzuka (near ish to Kyoto) etc etc 🏁 The perfect way to bring the watch brands from LVMH to life from a performance angle and a brand perspective - F1 is the pinnacle sport for timing 🏁 With an international glitterati crowd regularly attending, fans growing again from different generational cohorts and guests of the drivers (and some of the drivers themselves) - glamour is firmly back in F1 and what an opportunity to influence new consumers across the LVMH portfolio of brands. The F1 circuits/villages are ideal (and brand protected) spaces for activations and pop ups - with teams no doubt protecting the sponsorship rights. The travelling circus is 'the' perfect global travel retail opportunity to reach clients. 🏁 Hospitality - able to close out competition around Champagne (handy for podium of course), wine, spirits and no/low alc. This is a weekend of Moet Hennessy in your glass. YQuem. Dom Perignon, Dom Ruinart, Ch. Galoupet rosé, Whispering Angel, magnums of Moet & Cheval blanc of course in the winners lounge...Maybe some Hennessy, Glenmorangie to follow. Dry country? No worries - handily the announcement of a majority stake in French Bloom no/low sparkling wine is perfect timing 🏁 Brand announcements/launches - could there be a better international platform for brand launches, collaborations or announcements? A protected space and a captive audience.... 🏁 F1 is an authentic, performance-based, individual/personality-led team-sport which inspires its fans, creates drama, has a colourful history and makes all our eyes water at the sheer investment dropped in a competitive event delivering at the very forefront of technology. Ticking any boxes yet? You betcha. Only LVMH could pull off this deal, there is no other group in the world who could have the power, portfolio or capacity to sign something of this significance/magnitude and still likely come away from the deal in profit. It's a very impressive partnership and one which should in theory be long talked about for in business, marketing and sporting circles. Maybe this partnership will illustrate a shift in the way luxury brands reach their new consumer and the development of a new luxury playground. Will Rolex be upset, unlikely but I suspect LVMH may be opening some of the good stuff tonight....... hashtag #luxury #F1 #collaboration #luxurypartnerships #LVMH #champagne #sportingrights #globalluxurypartnerships

2023: A New Milestone for LVMH! Breaking records and exceeding expectations, luxury powerhouse LVMH has just concluded an extraordinary year! With a remarkable 10% organic growth in the fourth quarter, LVMH has outperformed analysts' projections, leaving everyone in awe. The selective retailing unit, home to iconic names like Sephora, DFS, and Belmond Hotels, experienced an incredible 21% surge in growth! Thanks to the easing of travel restrictions, wanderlust souls indulged in unforgettable experiences, fueling this exceptional achievement. LVMH's full-year operating profit soared to a staggering €22.8 billion euros ($24.7 billion), marking an impressive 8% growth. This outstanding performance showcases LVMH's resilience and remarkable ability to adapt to ever-changing market dynamics. #LVMH #LuxuryMarket #LuxuryLifestyle

Frederic Arnault to become CEO of LVMH Watches. LVMH Watches & Jewelry Simon-Jules Darthos Laura Stritt Elena de Cominges chao ROZE Antonella Marcìa Rosa Ferreiro Juan Romero Brufau Theresa Suesakul, SPHR Chloe Pan Antonia Albert Seitaro Kano Aliya-Mara Krucker #pentoz #ceo #innovation #ai #news #newsupdate #update #january #january2024 #developmentcompany #appdevelopmentcompany #innovation2024

"We need to put the brakes on a bit" LVMH's Q4 earnings report is sending positive shockwaves all over the world today, affecting both luxury and spirits companies. Here's a fascinating quote from yesterday's earnings call. Bernard emphasizes the importance of not growing a true luxury brand like Loro Piana too quickly (despite what analysts want..):

LVMH Revenue: €86.2 billion Profit from Recurring Operations: €22.8 billion Net Profit: €16 billion Kering Revenue: €19.6 billion Recurring Operating Income: €4.7 billion Net Profit: €2.98 billion Hermès Revenue: €13.4 billion Recurring Operating Income: €5.7 billion Net Profit: €4.31 billion These figures highlight the financial performance of these leading luxury goods companies in 2023, reflecting their market positions and profitability.

At the LVMH Watch Week gathering in Miami, the mood was lifted this week not just by the winter sun, but by news that the Swiss watch industry had bucked fears of a downturn in late 2023 to report record sales. On Tuesday, the Federation of the Swiss Watch Industry published figures showing that in 2023, Swiss watch exports increased 7.6 percent to 26.7 billion Swiss francs ($31 billion), a new high-water mark for the sector. Brands and retailers had warned of cooling demand in the autumn, with waiting lists coming down and supply finally catching up with backlogs created during Covid factory lockdowns. But FHS found exports had continued to rise through the end of the year, up by 5.5 percent in December. Bulgari chief executive Jean-Christophe Babin, who was in Miami at his parent company’s event, told BoF that for a two-month period that began in mid-August, sales had dropped off “for reasons which are still hard to explain,” but that by mid-October the trend had reversed. “When I built my budget for 2024, I was a bit pessimistic, initially [forecasting] cautious single-digit growth,” he admitted. “But we may eventually push it up. Based on the last quarter, I don’t see any reason why we shouldn’t continue to grow nicely.” Read more on what the chief executives of Bulgari, TAG Heuer, and Hublot and Zenith had to say to BoF on how they are adapting their strategies for an uncertain market. ✍️ Robin Swithinbank #LuxuryWatches

Formula 1 and LVMH Announce Groundbreaking Partnership The news is in: Formula 1 and LVMH have just unveiled a landmark 10-year partnership, set to launch in 2025. This collaboration exemplifies a key principle I discuss in my book, The Luxpreneur: How to Start and Build a Successful Luxury Brand. Key highlights: ▶️ The partnership includes iconic brands like Louis Vuitton, Moët Hennessy, and TAG Heuer ▶️ It aims to blend high-performance sports with luxury experiences ▶️ This coincides with F1's 75th anniversary Why this matters: This partnership demonstrates how two industry leaders can combine their strengths to create unprecedented value. It's a masterclass in collaborative innovation, potentially reshaping luxury experiences in sports and beyond. Lessons for smaller luxury brands: ▶️ Look for partners whose values and vision align with yours ▶️ Focus on creating unique, memorable experiences for your clients ▶️ Leverage partnerships to expand your reach and expertise ▶️ Consider long-term collaborations for sustained growth Reflections: What opportunities do you see for innovative collaborations in your niche? How can emerging luxury brands use strategic partnerships to accelerate growth? In "The Luxpreneur," I delve deeper into strategies for identifying and maximising such partnerships. As the luxury landscape evolves, these collaborations are becoming increasingly crucial for brands of all sizes. Ready to elevate your luxury brand strategy? The Luxpreneur offers insider insights and practical advice for navigating the dynamic world of luxury business. Secure your copy today at tinyurl.com/yeert22u and unlock the potential of your brand. #TheLuxpreneur #Luxpreneur #LVMH #LuxuryBrands #Linkedinnews #Linkedinnewsuk #StrategicPartnerships #InnovationInLuxury

2023: New record year for LVMH LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022. All business groups reported strong organic revenue growth, with the exception of Wines & Spirits, which was faced with a high basis of comparison and high inventory levels. Europe, Japan and the rest of Asia achieved double-digit organic growth. In the fourth quarter, organic revenue growth came to 10%.

LVMH Q4 2023 🇫🇷 "While remaining vigilant in the current context, we enter 2024 with confidence, backed by our highly desirable brands and our agile teams." - Bernard Arnault Organic Revenue Growth by Business Group #luxurybrands #fashionindustry :