LVMH, the world�s largest luxury group, owns 75 primary brands across five divisions. Fashion and leather goods, the largest of these, accounted for a 46% share of Q1 to Q3 2020 revenue. During the period, the segment�s sales fell by 11% but started showing signs of recovery in Q3 2020, with a 12% uptick.
The performance of the fashion and leather goods division improved further in Q4 2020 when its revenue soared by 18% to �7.3 billion. For the full year 2020, the segment�s organic revenue only declined by 3%, compared to its 24% decline during H1 2020. It thus accounted for 86.5% of LVMH�s profits for the year 2020.
Overall, LVMH group sales in Q4 2020 totaled �14.3 billion, down by only 3% YoY. Asia contributed to its strong performance with a 21% increase in regional sales. In contrast, sales in Europe fell by 24%.
For the full-year 2020, LVMH�s revenue sank by 16% to �44.65 billion while its net profit fell by 34% to �4.7 billion. On the bright side, the group completed the acquisition of US jeweler Tiffany at $15.8 billion. In 2021, analysts project an increase of 18% in revenue and a 67% uptick in earnings for LVMH.
LVMH�Mo�t Hennessy�Louis Vuitton�(French pronunciation: ?[mo?t??n?si lwi v?it??]), commonly known as�LVMH, is a French multinational corporation and�conglomerate specializing in luxury goods, headquartered in Paris, France. Read on who they are here:Read more here: https://www.lvmh.com/houses/fashion-leather-goods/
The full story, statistics and information can be found here:�https://www.finaria.it/
