The world's most valuable brandLouis Vuitton is currently the most valuable luxury brand in the world. This is particularly impressive considering that the global personal luxury goods market has been hit by the impact of the coronavirus crisis. In 2020, LVMH Group’s fashion and leather goods segment brought in 21.2 billion euros in global sales. This was the most resilient business segment for LVMH, since the group's other lines including watches and jewelry and wine and spirit segments regressed to levels that were not experienced since 2016.
LVMH Group continues to open more stores worldwide, with around 88 new stores opening between 2019 and 2020 despite the pandemic. 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 over 163,000 as of 2020.