LVMH Moët Hennessy Louis Vuitton has outdone itself yet again. After successfully completing more than three decades since its inception, the conglomerate revealed its record-high sales for 2018 at an impressive 46.8 billion euros ($53.5 billion).
“We had another record year, both in terms of revenue and results,” chairman Bernard Arnault said.
From Christian Dior and Chaumet to Loewe and Louis Vuitton, the parent company houses over 70 brands from six different sectors. In fact, I’m quite certain luxury lovers like you and me possibly own at least 1 item sold under the LVMH banner.
As most of us are aware, Louis Vuitton is “the only brand in the world to never hold sales nor sell through outlets.”
Here are a few more statements from the French luxury house.
“Christian Dior had an excellent first full year within LVMH thanks to the creativity of Maria Grazia Chiuri for the Women’s collections and to the arrival of Kim Jones, the new Artistic Director of Dior Homme.” Moreover, “Celine entered a new and ambitious stage of its development with the arrival of Hedi Slimane as Artistic, Creative and Image Director of the brand.”
If one remembers, only recently LVMH had announced that Rihanna was roped in as the first black female designer for the Fenty Beauty joint venture.; that too has witnessed an overwhelming growth over the last year.