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How LVMH Became A $500 Billion Luxury Powerhouse

How LVMH Became A $500 Billion Luxury Powerhouse

How LVMH Became A $500 Billion Luxury Powerhouse



The luxury conglomerate LVMH Moët Hennessy Louis Vuitton controls 75 Maisons, or brands, including Tiffany & Co., Sephora, Dior, Givenchy and TAG Heuer. At the helm of the luxury empire is the richest person in the world, Bernard Arnault, whose five children all hold senior executive roles within the company. With a keen eye for luxury, ruthless negotiation skills and an effective business acumen, Arnault has acquired some of the biggest names in the world. Most recently, in 2021, the company bought Tiffany & Co. for $15.8 billion after a bitter dispute about price due to the Covid-19 pandemic, and to salvage the luxury sector’s biggest-ever deal. Though most companies struggled during the pandemic, LVMH’s stock steadily rose while it continued to report record revenue year after year as wealthy consumers participated in what McKinsey & Co. called “revenge spending.” For the first quarter of 2023, LVMH reported a 17% increase in revenue from the same period a year earlier. The Asia market, which had seen the most significant drop due to Covid-19 closures, had a 14% rise in revenue after an 8% decrease in the fourth quarter of 2022. In April 2023, LVMH became the first European company to surpass $500 billion in market value.

Corrections:
04:43 – Misidentified Frédéric Arnault’s photo for Jean Arnault.
17:08 – Cheval Blanc Maisons and Bulgari Hotels were existing brands in the LVMH portfolio at the time of the 2019 Belmond acquisition.

Produced Shot and Edited by: Jade Tungul, Natalie Rice
Animation: Christina Locopo, Alexander Wood
Senior Managing Producer: Tala Hadavi
Additional Camera by: Shawn Baldwin
Additional Footage: Getty Images, LVMH, Reuters
Additional Sources: LVMH, Richmont, Kering, IBISWorld, McKinsey & Company

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How LVMH Became A $500 Billion Luxury Powerhouse

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Comments (36)

  • karen peña duran Reply

    I would like to have the money they have. congratulations on your progress

    November 23, 2023 at 7:09 am
  • Norberto Simon Reply

    Regardless of the kisluxbag or any other factors, I ardently hold that without proper expertise, one would fail to distinguish variations in the sack's appearance or metal parts.

    November 23, 2023 at 7:09 am
  • Derrick Morgan Reply

    1:1 perfect copy uzbagx

    November 23, 2023 at 7:09 am
  • blackvirgo09 Reply

    This is absolutely beyond garos

    November 23, 2023 at 7:09 am
  • Dinero Dylan Reply

    My dad use to say you fake a bag but you can’t fake a Ferrari 💯

    November 23, 2023 at 7:09 am
  • goldsilverandiamonds Reply

    Arnault copied American Warren Buffett.

    November 23, 2023 at 7:09 am
  • Focus Iphone Reply

    A symphony of elegance and grace! Thank you for beautifully capturing the essence of #kisluxbag in this extraordinary video.

    November 23, 2023 at 7:09 am
  • Crescimento Pessoal Reply November 23, 2023 at 7:09 am
  • RF Reply

    LV screams hood rich or new money.

    November 23, 2023 at 7:09 am
  • Road Runner Reply

    More about timing than the products. Slurp up new money.

    November 23, 2023 at 7:09 am
  • crenshaw blanding Reply

    luxdups There is no competition in the world of fashion replicas. These bags are on a whole new level

    November 23, 2023 at 7:09 am
  • yt addict Reply

    He is the richest scammer maybe in history
    Scamming his costumers and the familial companies he manage to buy

    November 23, 2023 at 7:09 am
  • YS-CA Reply

    at 1:51 you're showing saint laurent which is owned by kering and ain't LVMH…

    November 23, 2023 at 7:09 am
  • Jenny Kim Reply

    GTFO. No one wants the one that the degrades over time. You are going to need to be forced out. You are just another defense contractor now.

    November 23, 2023 at 7:09 am
  • Wayne Liu Reply

    “rich" people trying to highlight their status with these goods… so insecure so weak

    November 23, 2023 at 7:09 am
  • Jaküb Ageter Reply

    Currently, things are a little strange. Even though the US dollar is worth less when used to buy products, it is still rising in value overall. Assets like stocks, housing, cryptocurrencies, and precious metals aren't performing as well as they could because individuals are putting their money in dollars as a form of security. My $320,000 in savings worries me since it will deteriorate soon. How should I handle my money to keep it safe?

    November 23, 2023 at 7:09 am
  • ERENESTA WANJIRU Reply

    Some Of This Brands Are Sooooooooo Overpriced N Nothing But Ugly Overpriced Garments

    November 23, 2023 at 7:09 am
  • Raemar90 Reply

    I find ot so ugly these style of bags

    November 23, 2023 at 7:09 am
  • Wellness & Yoga Reply

    Best brand to exemplify how to manage Intellectual Property Rights as a form of currency to the benefit of both companies and economies in the East and South🙏 The talent to become democratic while staying classy, timeless and eternal, is a reputation only a Francophone dynasty can claim.

    November 23, 2023 at 7:09 am
  • Baby Doll84 Reply

    I’m sorry as more and more ppl purchase LV they may be making much more money but the brand is loosing all its prestige due to so much saturation. In the luxury community LV isn’t looked at as luxury anymore it’s more entry level and most ppl have been completely turned off by this brand!

    November 23, 2023 at 7:09 am
  • Hayden Craig Reply

    Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.

    November 23, 2023 at 7:09 am
  • David Reply

    Imagine having so few ethics that you freeky agreed to make this video.

    November 23, 2023 at 7:09 am
  • Social Media Reply

    It can disappear

    November 23, 2023 at 7:09 am
  • 10 Things You Should Know Reply

    🎯 Key Takeaways for quick navigation:

    00:00 🏢 LVMH, a luxury conglomerate, houses iconic brands like Louis Vuitton and Christian Dior.
    00:29 📈 LVMH consistently posts record revenue, reaching $86.3B in 2022, up 23% from 2021.
    01:22 👑 Bernard Arnault, world's richest man, leads LVMH, excelling in luxury even during the pandemic.
    02:26 🌍 LVMH's history traces back to 1837, growing through acquisitions and retaining brand uniqueness.
    03:56 🤝 Arnault's smart acquisitions, strategic leadership, and understanding of luxury drive LVMH's growth.
    05:53 💼 LVMH's portfolio expanded through billion-dollar acquisitions, maintaining heritage and legacy.
    07:50 💰 Arnault's negotiation skills and resilience contribute to LVMH's successful acquisitions.
    09:45 🛍️ LVMH focuses on storytelling, diverse price points, and collaborations to attract luxury consumers.
    11:37 🏬 LVMH balances physical stores with online presence, emphasizing the importance of in-store experiences.
    13:41 🎨 LVMH empowers designers, adapts to youth culture, and collaborates for long-term cultural relevance.
    15:29 🇨🇳 LVMH faces challenges in the China market, but remains focused on expanding and staying relevant.
    17:26 🔄 LVMH explores experiences, sustainability, and technology to maintain luxury's value and authenticity.
    18:51 💎 LVMH's strategic priorities include store expansion, digital presence, and long-term legacy.

    Made with HARPA AI

    November 23, 2023 at 7:09 am
  • Wilson mark Panyang Reply

    ❤❤👍

    November 23, 2023 at 7:09 am
  • Freya2588 Reply

    So there now not authenticyti anymore,Mr Bernard just bought someone's names of brands and ideas the someone's businesses which was about bankruptcy,I mean it's good business tactic to gain money for itself like kind of monopoly ( but not good for pple and fashion industry bcz its the way how originallity of "brand"loses authenticyti and then value,the same happening with Twitter lol

    November 23, 2023 at 7:09 am
  • OR Reply

    Hey Carrot Top looked good in that Navy Double breast suit and the glasses weren't bad either

    November 23, 2023 at 7:09 am
  • Andrei Stabell Reply

    LV…. over here in brazil U wud pay much more a shoes pair than a used car😢 Prada also money bags enjoy .

    Such is life on earth !

    November 23, 2023 at 7:09 am
  • Akiff Hssn Reply

    Imagine Louis Vuitton Shawl & Jubah🌟

    November 23, 2023 at 7:09 am
  • soja kia Reply

    Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals….

    November 23, 2023 at 7:09 am
  • BETH MWANIA Reply

    I recently bought a Ferrari, it was good to take a ride with the baby,down the lane in Fort Lauderdale..

    November 23, 2023 at 7:09 am
  • Matt Yamamoto Reply

    this is the perfect example of GREED being equated to 'intelligence'.

    November 23, 2023 at 7:09 am
  • Benedictus Onyinye Reply

    November 23, 2023 at 7:09 am
  • Benedictus Onyinye Reply

    Wanna know all Singapore investment

    November 23, 2023 at 7:09 am
  • Dan Owen Reply

    It’s key for success 😂😂😂

    November 23, 2023 at 7:09 am

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