Luxury Daily
The authority in luxury news.
Dec. 26, 2024
  1. IWC social snow globe stirs up winter memories
  2. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  3. Leading with pedigree, Range Rover promotes plug-in SUV
  4. Accor teams with space exploration company Orbite to forge new frontiers in hospitality
  5. Krug ID app creates mobile reference network for Champagne lovers
  6. Dior weaves codes and trends together in digital nail polish promotion
  7. Just how disruptive is Airbnb for luxury hotels?
  8. Audi propels Santa into the future with electric sleigh
  9. The most prolific duty-free shoppers have a penchant for luxury goods
  10. BMW models top luxury auto shopper poll, Tesla slides
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. IWC social snow globe stirs up winter memories
  2. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  3. Leading with pedigree, Range Rover promotes plug-in SUV
  4. Accor teams with space exploration company Orbite to forge new frontiers in hospitality
  5. Krug ID app creates mobile reference network for Champagne lovers
  6. Dior weaves codes and trends together in digital nail polish promotion
  7. Just how disruptive is Airbnb for luxury hotels?
  8. Audi propels Santa into the future with electric sleigh
  9. The most prolific duty-free shoppers have a penchant for luxury goods
  10. BMW models top luxury auto shopper poll, Tesla slides
VIDEOS
More Videos

MORE IN Commerce
Estée Lauder Cos. establishes new fragrance innovation hub in Paris
Accor developing Sofitel Diamond Crown Hai Phong in Vietnam
EssilorLuxottica, Prada Group renew licensing deal
Boucheron debuts first Las Vegas boutique
Bentley Home expands footprint in Saudi Arabia
Vera Wang sells IP to brand management firm WHP Global



RECENT ARTICLES
Happy Holidays!
Estée Lauder Cos. establishes new fragrance innovation hub in Paris
Accor developing Sofitel Diamond Crown Hai Phong in Vietnam

The RealReal opens retail location in Houston
Wearables, AI at forefront of 2025’s digital trends: IMG
Off the Cuff: A Q&A with Aston Martin’s Marek Reichman