The luxury group?s Fashion & Leather business group led the charge in its recent growth in Q3.
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Image: Louis Vuitton

LVMH Moët Hennessy Louis Vuitton released their Q3 performance earlier this week on October 12, 2021, reporting a 46 per cent increase in revenue compared to 2020. This translates to a ?44.2 billion revenue for the world?s leading luxury group in the first nine months of 2021.

In terms of organic revenue growth for its Q3, LVMH achieved a 40 per cent growth compared to 2020, and an 11 per cent growth compared to 2019. Between the months of July to September 2021, the luxury group had revenues of ?15.51 billion and this figure (11 per cent) corresponds to those in the first half of 2021. The United States and Asia continued to see double-digit growth.
Notably, the group?s Fashion & Leather Goods businesses posted a 38 per cent organic growth when using 2019 as a benchmark. This exceptional growth of this business unit can be attributed to LVMH?s powerhouses such as Louis Vuitton and Christian Dior. The former is celebrating its 200th anniversary of the birth of its founder.

Image: Louis Vuitton

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