Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessWhy is LVMH called recession proof? How has it grown to become...

Why is LVMH called recession proof? How has it grown to become a $500 billion powerhouse

Add to Favorite
Added to Favorite

 

Credit LVMH

LVMH (LVMHF) continues to post high sales and revenues while other companies have seen stock falls, low sales and even bankruptcies. Moët Hennessy Louis Vuitton (LVMH) is now a $500 billion powerhouse. The luxury goods giant saw a revenue of about $86.3 billion in 2022 and has also expanded its stores, its locations as well as its staff while many other giants have been closing stores, cutting staff and facing low sales due to high inflation.


CEO Bernard Arnault has devised strategies over the years that seem to have paid off as the company continues to grow and increase its position among the top companies in Europe as well as make its founder the richest man in the world. Some experts call LVMH “recession proof.”

LVMH has 75 distinguished brands that are called “maisons.” It is known for luxury and sought after brands for sectors including jewelry, luggage, designer clothes, bags, watches, champagne and more.

LVMHF

The Paris-based company is not only known for its jewelry and clothing brand but is also a popular manufacturer of champagne.

Organic Greek Vitamin Bottles. Hydrogen Alkaline Generator Water + Filter 4 in 1 Design 500mL (16.9 FL OZ) for Only $8.99

Although it is difficult to pinpoint the exact reason for the growth of the company, some believe that longevity is one of the major factors for the company to see not only sustained but also an increase in growth. LVMH also builds on established brands that have long legacies. It builds brands that excel and innovate as they continue to remain relevant.

LVMH also stays ahead by delivering merchandise that marries the old with the new. It uses famous celebrity stars, young influencers, upcoming actors and actresses to grow its established brands among the younger generation while maintaining classic looks for the rich who are older.

Designing unique jewelry items, clothes, and footwear as well as adding new items such as watches and giving consumers different brands under the same parent has been successful for LVMH. Although it remains the manager, each maison has control over its individual brand. Each brand has its own C-suite executives as well as its own mission that helps to increase both productivity and accountability.

LVMH has truly proved to be recession proof as it expands its brick-and-mortar stores, its global staff and its acquisition of established brands, the latest being the jewelry brand Tiffany & Co.

Celebrity News Update. Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a WebFans Creator and Influencer.

14k Yellow Gold 1/4 Carat Round 4 Prong Solitaire Created Diamond Stud Earrings 4mm for Only $59

Bernard Arnault, luxury goods manufacturer overtakes Elon Musk in top billionaires ranking

Subscribe to get Latest News Updates

Latest News

You may like more
more