LVMH Moët Hennessy Louis Vuitton, the world’s top luxury goods firm, generated €84.7 billion in revenue in 2024. Despite a challenging economic and geopolitical environment, as well as a high baseline following several years of extraordinary post-Covid growth, growth continued (+1% on an organic basis). Europe and the United States experienced consistent consolidation scope and currency growth; Japan achieved double-digit revenue growth; and the rest of Asia represented robust growth in spending by Chinese consumers in Europe and Japan.
Bernard Arnault, Chairman and CEO of LVMH, stated, “In 2024, in an uncertain environment, LVMH demonstrated tremendous resilience. This ability to weather the storm in challenging times, as demonstrated on several occasions throughout our Group’s history, is yet another tribute to the power and relevance of our approach. The inventiveness and very high quality of our products, our unwavering commitment to perfection, the agility of our teams, and the strong geographic balance of our locations all contribute to the success of LVMH and its Maisons, which is supported by the dedication of all of our employees.”