Luxury Daily
The authority in luxury news.
Nov. 15, 2024
  1. In Geneva, Christie’s records new high with Aga Khan emerald
  2. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  3. Belmond to launch new luxury sleeper train in England, Wales
  4. Diageo launches new division for luxury brands, experiences
  5. Meta drops price on paid subscription tier in EU
  6. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  7. Bentley anticipates first electric SUV, arriving in 2026
  8. Loro Piana, Harrods celebrate holidays
  9. Rolls-Royce brings new showroom to Abu Dhabi
  10. Burberry appoints new chief product merchandising officer
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

Commerce

LVMH boasts $27 billion in revenue for 2010

February 8, 2011

 

By Rachel Lamb

diorgood185LVMH Moët Hennessey Louis Vuitton owes its $27 billion in revenue for 2010 to the quality of its products and an innovative marketing strategy.

In 2010, LVMH exceeded $27 billion in revenue, including $5.4 billion in profit from current operation, $4 billion in net profits and $4 billion in cash flow, all of which are record-breaking figures for the brand. LVMH executives attribute the conglomerate’s success to the outstanding quality of its products and hard work.

“It has been an exceptional year, an outstanding year,” said Bernard Arnault, founder/CEO of LVMH, Paris. “They are remarkable figures and I’d like to pay tribute to all the teams represented here who made it possible to achieve such a remarkable performance in each of the business areas of the group.

To read the entire article, please subscribe or
 
LATEST HEADLINES
MOST POPULAR
  1. In Geneva, Christie’s records new high with Aga Khan emerald
  2. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  3. Belmond to launch new luxury sleeper train in England, Wales
  4. Diageo launches new division for luxury brands, experiences
  5. Meta drops price on paid subscription tier in EU
  6. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  7. Bentley anticipates first electric SUV, arriving in 2026
  8. Loro Piana, Harrods celebrate holidays
  9. Rolls-Royce brings new showroom to Abu Dhabi
  10. Burberry appoints new chief product merchandising officer
VIDEOS
More Videos

MORE IN Commerce
Burberry overhauls strategy amid rocky interim results
Capri Holdings, Tapestry abandon plan to merge
In Geneva, Christie’s records new high with Aga Khan emerald
Diageo launches new division for luxury brands, experiences
Manolo Blahnik opens first Shanghai store
Bentley anticipates first electric SUV, arriving in 2026



RECENT ARTICLES
Burberry overhauls strategy amid rocky interim results
Neiman Marcus honors Leonard A. Lauder in New York City
IWC Schaffhausen wins top prize at Grand Prix D’Horlogerie de Genève 2024

Art to comprise 11pc of UHNWI portfolios by 2026: Bank of America
Viceroy Hotels debuts narrative-driven brand identity
In Geneva, Christie’s records new high with Aga Khan emerald