The world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton, has reported revenue of 44.2 billion euros in the first nine months of 2021, up 46% compared to 2020. Organic revenue growth over the period was up 40% compared to 2020. Compared to 2019, organic growth over the first nine months of 2021 was 11%, with trends in the third quarter comparable to those of the first half.The United States Louis Vuitton sector continues to see massive double digit growth numbers. Fashion and leather goods saw the highest increase in organic revenue, increasing 57% in the first nine months of the year.
The brand continues to have high hopes for the remainder of 2021, expressing confidence towards continued growth.
“Within the context of a gradual exit from the health crisis, the Group is confident in the continuation of the current growth; it will maintain a strategy focused on continuously strengthening the desirability of its brands, by relying on the authenticity and quality of its products, the excellence of their distribution and the reactivity of its organization,” noted the Louis Vuitton press release.
Source: LVMH Press Release
Photo Credit: Louis Vuitton
