Louis Vuitton had net profits of 14 billion euros in 2022.
The luxury brand was valued at approximately $23.4 billion: Statista.
The company was founded in 1854 in France.
Summer is about to start and Louis Vuitton has launched its seasonal collection inspired by the most desired vacation spots. ‘By the Pool’ features summery designs that evoke a walk through the streets of Lisbon or through the majestic Mykonos Island.
The French luxury firm became known for its exclusive trunks and other leather goods, created by Louis Vuitton in 1854. It is now Directed by Bernard Arnaultwho is one of the richest men in the world and its creative director Nicolas Ghesquière managed to revitalize the brand without losing the elegance with which it is distinguished.
When the company migrated into the fashion industry it became popular with big Hollywood celebrities like Sarah Jessica Parker and Madonna.
All of this would not be possible without the infrastructure behind it to manufacture each piece that is launched on the market. The leather goods collections are produced exclusively in workshops in France, Spain, Italy and the United States. While the Ready to Wear and footwear collections are made in France and Italy; watches are productions solely in Switzerland; jewelry in France, Italy and Switzerland.
The sum of his work has earned him sales earnings of 79 billion euros, with net earnings of 14 billion euros in 2022. Both figures are the result of the success of his brands bulgari, givenchy, Louis Vuitton, TAG Heuer, Dior, Tiffany and Moet & Chandon, according to The Economist.
In 2022, the Louis Vuitton brand was valued at approximately $23.4 billion. By comparison, the brand’s valuation was $14.9 billion as of 2021, according to Statista.
The House creates ‘By the Pool’
this collection stands out for its particular palette of bright blues and reds inspired by the ‘barbiecore’ trend, which is sweeping this 2023. The garments are light, some made of soft cotton gauze. The silhouettes feature prints that transform the iconic Monogram design with a selection of playful mosaics.
Some designs have a romantic style composed of silk and cotton. Each look was well thought out to be able to be used both in a beach environment and in the city.
‘By the Pool’ integrates vibrant colours, made of denim with a retro finish, while the design selection for the LV’s most emblematic bags, ‘Speedy’, ‘Keepall’, ‘Métis’ or the ‘NéoNéo’ refers to a pattern inspired by the mosaics of Portuguese blues. The collection also added a wide range of accessories such as bags, textiles, shoes, sunglasses, and jewelry.
It should be remembered that the luxury brand was the one who managed to auction the most expensive teddy bear in the world, it was dressed in clothes from its collection and sold for 2.1 million dollars. As well as other items such as The Kusama Pumpkin Minaudiere Jewl Bag, which was a collaboration between the Japanese artist Yayoi Kusama and Louis Vuitton, which reached a price of $133,430.