Eclipsing the previous record of $59.8 billion set prior to the pandemic.
The significant growth points to the enduring appeal of LVMH’s rarified products, as well as the unwavering demand for them. Fashion and leather goods, in particular, performed exceptionally well last year. The division, which includes the likes of Louis Vuitton,, Celine, Loewe and Fendi, reached record highs, with organic revenue eclipsing 2019 levels by 42 percent to reach a total of $34.3 billion.
Regarding specific markets, LVMH said the US and Asia experienced strong revenue growth over the course of the year, while Europe is experiencing a more gradual recovery.Courtesy of Rachael Henning/Unsplash
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