The world's most valuable brand
Louis Vuitton is currently the most valuable luxury brand in the world, running ahead of the other heavy weights of the luxury goods industry, such as Chanel and Gucci. In 2021, LVMH Group’s fashion and leather goods segment brought in over 30 billion euros in global sales, an impressive figure that signals the recovery of the global personal luxury goods industry from the impact of the pandemic. Fashion and leather goods was the most resilient business segment for LVMH, since the group's other lines including watches and jewelry and wine and spirit segments showed only slight improvement on the previous year.LVMH Group continues to open more stores worldwide, with around 88 new stores opening between 2019 and 2020 despite the pandemic. In 2021, there were more than 500 new locations added to the LVMH store portfolio. Employee numbers continued to increase for the company as well. In fact, over the past 13 years, the number of employees dropped for the first time during the 2016 reporting period. The employee count has since bounced back, and grown to 175,647 as of 2021.
