摘要:LVMH, which struck a deal to buy Tiffany & Co. for $16.2 billion last year, is the world's largest luxury goods seller— and they just keep on growing.
In 2019, LVMH, the world's largest luxury goods seller, saw record growth, bringing in revenue that reached €53.7 billion ($59 billion), Business of Fashion reported. Last year, the conglomerate also agreed to buy American jewelry retailer Tiffany & Co. for $16.2 billion, which, according to the New York Times, will be LVMH's priciest acquisition. It will also the most expensive deal ever made in the wider luxury sector. LVMH's portfolio already includes 75 different brands that range from wines and spirits to leather goods and cosmetics.Once the deal is finalized, Tiffany will join brands such as Christian Dior, Louis Vuitton, and Hennessy as part of LVMH's expansive portfolio.Visit Business Insider's homepage for more stories.
LVMH remains the world's largest luxury goods conglomerate, with revenue reaching $59 billion last year, as reported by Chantal Fernandez at Business of Fashion. Fashion and leather good sales reached $24.5 billion, which is up 17% year-over-year. Across all sectors, the company's total revenue was up 10% year-over-year. Last November, the company made headlines when it announced its intention to buy American jewelry retailer Tiffany & Co. for a record $16.2 billion, Business Insider's Mary Hanbury previously reported. This marks the priciest acquisition LVMH has ever made, and is the wider luxury sector's most expensive deal in history, according to the New York Times.The deal is expected to close sometime this year. Tiffany will join the luxury conglomerate's already-extensive collection of brands, which range from the cosmetics store Sephora and fashion house Christian Dior to French newspaper Le Parisien. In total, LVMH owns 75 different brands.Here are 17 of the most iconic brands the luxury giant currently owns, ranked in chronological order of LVMH's acquisition date.
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