LVMH records 46% revenue growth for 2021 so far

Worldwide
Published:  13 October, 2021
Credit: Louis Vuitton

Louis Vuitton Moët Hennessy (LVMH) has released its Q3-2021 results, showing recorded revenue of €44.2 billion (US$51 billion) in the first nine months of the year, an increase of 46% over 2020.

The group’s fashion and leather goods division reached record levels of growth over the period, with 38% organic growth over pre-pandemic results in 2019. The division saw growth of 57% in this period compared with 2020 results.

Looking forward, LVMH is confident in continuing this growth, focusing on strengthening its “global leadership position” in luxury goods over the remainder of the year and beyond.