5 figures to remember about the world leader in luxury

World leader in luxury, first company in the CAC 40 and largest European market capitalization, LVMH continues to break records.

400

It is in billions of euros, the amount of the valuation of LVMH on the stock market on Tuesday January 17, 2023 on the Paris Stock Exchange. The world leader in luxury becomes the first European company to exceed 400 billion in market capitalization since no company from the Old Continent had ever reached such figures. Driven by the reopening of the Chinese economy, the price of the French group has jumped nearly 18% since the start of the year, an increase almost twice as fast as that of the CAC 40 as a whole.

12

With this historic capitalization, i.e. as much as You’re here, LVMH is now ranked 12th in the world among the most valuable companies in the world, according to figures from Bloomberg. In Europe, it is ahead of the Swiss agrifood giant Nestle and the Danish pharmaceutical company Novo Nordisk. Despite these fine performances, the luxury juggernaut is still a dwarf compared to American Net giants like Apple (2,150 billion) and Microsoft (1,750 billion).

193

These astronomical results benefit Bernard Arnault, who in 2022 became the richest man in the world. With a fortune estimated by Forbes at 208.8 billion dollars (193 billion euros) this Friday, January 20, 2023, he is far ahead of the whimsical boss of Tesla Elon Musk (138 billion euros) and the richest man in Asia Gautam Adani (118 billion euros). The wealth of the French billionaire would now be higher than that of Bill Gates and Warren Buffett combined.

Bernard Arnault, the boss of LVMH is the richest man in the world (Credit: REUTERS/Benoit Tessier)

Bernard Arnault, the boss of LVMH is the richest man in the world (Credit: REUTERS/Benoit Tessier)

64.2

This is, still in billions of euros, the turnover recorded by LVMH in 2021 despite the Covid crisis. That is an increase of +44% compared to 2020, a year very heavily weighed down by the pandemic, and +19% compared to 2019. And this outbreak should not stop there since the French group has announced a turnover of 56.5 billion euros over the first three quarters of 2022.

75

“LVMH has 75 Maisons with a strong identity in 6 business sectors. They have always been keen to preserve and perfect their know-how with the unchanging ambition of offering exceptional products” , boasts the French company on its website. The six business sectors include wines & spirits, fashion and leather goods, perfumes & cosmetics, watches & jewelry, selective distribution and other activities (media, luxury hotels, etc.).

Among the most well-known companies, Louis Vuitton, Christian Dior and Givenchy are undoubtedly the most emblematic of all. We should also mention Berluti, Marc Jacobs, the champagne house Ruinart, Guerlain, Tag Heuer and even Sephora, all of which are part of LVMH.

VIDEO – How Bernard Arnault (LVMH) became richer than Elon Musk (Tesla), and why he could remain so

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