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Commerce

LVMH boasts $27 billion in revenue for 2010

February 8, 2011

 

By Rachel Lamb

diorgood185LVMH Moët Hennessey Louis Vuitton owes its $27 billion in revenue for 2010 to the quality of its products and an innovative marketing strategy.

In 2010, LVMH exceeded $27 billion in revenue, including $5.4 billion in profit from current operation, $4 billion in net profits and $4 billion in cash flow, all of which are record-breaking figures for the brand. LVMH executives attribute the conglomerate’s success to the outstanding quality of its products and hard work.

“It has been an exceptional year, an outstanding year,” said Bernard Arnault, founder/CEO of LVMH, Paris. “They are remarkable figures and I’d like to pay tribute to all the teams represented here who made it possible to achieve such a remarkable performance in each of the business areas of the group.

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