- Luxury Daily - https://www.luxurydaily.com -

LVMH revenues top $54B in 2020, as fashion leads recovery

Every year, LVMH strives to ensure the long-term development of each of its brands in keeping with their heritage and expertise. Image credit: LVMH

 

French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton has proved resilient in 2020 despite an economic environment severely affected by the global health crisis, which resulted in the closures of many brand stores and manufacturing sites.