Almost all the famous luxury brands we heard came from this company, such as Louis Vuitton, Hennessy, Dior, Guerlain, Givenchy, Bulgari and Tiffany. With more than 50 brands, it is the largest boutique group in the world. ?
Louis Vuitton bags, Dior perfume and lipstick, Givenchy cosmetics and Bulgari watches are all products of LVMH Group.
According to the local time of 65438+1October 26th, the performance report released by the group shows that their sales in 2020 will be 44.7 billion euros, which is 17% lower than that in 20 19. The net profit was 4.7 billion euros, down 34% from 20 19.
As we all know, the past 2020 was a very special year, and we still haven't got rid of the shadow of COVID-19. The global economy has been hit, and many people are tightening money and reducing expenses. Therefore, it is normal for the performance of such luxury goods companies to be affected. Faced with the huge uncertainty in the future, who dares to chase the luxury goods of ordinary people? Isn't it good to have money to buy more masks and disinfectants?
According to LVMH Group itself, if it were not for the support of the Asian market and the sales growth of e-commerce, the data would be even more ugly. They have started to close their stores in European and American countries and cities.
To sum up, the price of luxury goods and the company's performance can also reflect the level of economic development and people's wealth to a certain extent. Those who sell kidneys to buy luxury goods are all examples, and they are all in the news.