The French-based luxury group reported an increase in revenue of 42% at constant exchange rates, and 41% at current exchange rates, as compared to 2020, reaching 8.98 billion euros
The luxury group reached revenue of 17.65 billion US dollars, up by 35% and by 13%, on a comparable basis to 2020 and 2019, respectively. Gucci sales bounced back to 2019 levels
In 2021, Brazil shipped 123.6 million pairs of shoes, which reflects an increase in volume of 32% and 7.3%, as compared to 2020 and 2019, respectively. Positive trajectory should continue over 2022
The luxury group has reported strong growth over 2021, following the disruption of the first half of 2020 resulting from the global pandemic. Revenue for the full year reached 64.2 billion euros
The luxury group has selected 23 new startups to join in the accelerator programme La Maison des Startups LVMH, which fosters the development of innovative solutions for the luxury industry
The French-based company of quality assurance and consulting services for the footwear and leather industries has announced a partnership with the Italian laboratory Ars Tinctoria
In the first eight months of 2021, French footwear exports increased by 19%, totalling 2.58 billion euros, as compared to the same period of 2020. Leather goods exports have also grown by 34%
In the third quarter of 2021, the group’s consolidated revenue totalled 2.37 billion euros driven by an upturn in sales in Europe, an acceleration in America and a sustained dynamic in Asia
The luxury group announced a steady revenue growth in the third quarter of 2021, reaching 4.19 billion euros, up by 12.2% as compared to the same period of 2020. Gucci decelerates
In the first 9 months of 2021, the French-based luxury group had revenue of 44.2 billion euros, up by 46% year-over-year. The Fashion & Leather Goods segment registered exceptional growth
Vivarte has concluded the sale of its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, who also purchased the footwear brand San Marino in February 2020
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds
The Maroquinerie de Guyenne, located in the village of Saint-Vincent-de-Paul, in the French department of Gironde, will at length create 260 jobs. The new facility is part of Hermès strategy of strengthening its role as a socially responsible company
The French Hides & Skins Association (Syndicat Général des Cuirs et Peaux) has changed its denomination to French Hides & Skins Federation (Fédération Française des Cuirs et Peaux)
The two luxury groups announced new initiatives to support biodiversity at the IUCN World Conservation Congress, held in Marseilles from the 3rd to the 11th of September, recognizing, thus, the luxury’s reliance on the natural world