Editing LVMH Moët Hennessy - Louis Vuitton, Société Européenne
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== Competitors Comparison == | == Competitors Comparison == | ||
Globally, there are mainly two big luxury groups competing with LVMH. They are Kering and Richemont. LVMH has a huge number of brands base, while other companies have unique brands that LVMH does not have, such as fine jewellery and watches, so if LVMH wants to develop all the luxury goods industry, it needs to think about acquiring more fine jewellery/watch brands in order to achieve the status of being the dominant player in the luxury industy. | Globally, there are mainly two big luxury groups competing with LVMH. They are Kering and Richemont. LVMH has a huge number of brands base, while other companies have unique brands that LVMH does not have, such as fine jewellery and watches, so if LVMH wants to develop all the luxury goods industry, it needs to think about acquiring more fine jewellery/watch brands in order to achieve the status of being the dominant player in the luxury industy.ry. | ||
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'''LVMH Overview''': In 2023, LVMH reported a Q1 FY 2023 revenue of 21 billion euros, showing a significant increase of 17% compared to the same period in 2022. LVMH's strength lies in its high level of customer loyalty and diverse portfolio of 75 prestigious brands across various luxury sectors. | '''LVMH Overview''': In 2023, LVMH reported a Q1 FY 2023 revenue of 21 billion euros, showing a significant increase of 17% compared to the same period in 2022. LVMH's strength lies in its high level of customer loyalty and diverse portfolio of 75 prestigious brands across various luxury sectors. |