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Fashion giant Christian Dior is famous for its designer clothing and is part of LVMHs highly profitable Fashion and Leather Goods group. Free Tools ; Leads by Industry . Learn more about how Statista can support your business. Good growth in Champagne and Cognac, based on a value creation strategy. Then, LVMH became the majority stakeholder in November 2001, when it agreed to buy Pradas stake. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Tugba Sabanoglu. AP. The French retail empire LVMH (LVMH Mot Hennessy - Louis Vuitton) is the largest luxury conglomerate in the world, its revenue surpassing a record-breaking $51 billion in 2018 alone. It is sold in Sephora. Of which Fashion & Leather Goods +47% (and 51% in Q4 vs 2019) Mot Hennessy Louis Vuitton (LVMH) is one of the world's leading luxury groups, parent to 75 luxury houses. Who Is Bernard Arnault and What Companies Does LVMH Own? Find related and similar companies as well as employees by title and much more. Investopedia requires writers to use primary sources to support their work. A record level of operating free cash flow. It is sold in Sephora, which is also an LVMH brand. The company is part of the Spanish luxury fashion house Loewe which also specializes in clothes, leather products, and other accessories. Learn more about how Statista can support your business. Two years later, LVMH purchased Pradas 25.5% stake in Fendi for $262 million to take control of the company. True to tradition, each of our brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products. LVMH is home to 75 distinguished Houses rooted in six different sectors. Plus, LVMH does not have a shortage of high jewelry brands in its wheelhouse. With the month of January having started well and despite an uncertain geopolitical and economic environment, LVMH is confident in its ability to continue the growth observed in 2022. Sephora has more store locations than its rival, Ulta, and carries a variety of high-end brands, among them Fenty Beauty by Rihanna and Kat Von D. Most recognizable for: Marc Jacobs was founded by designer Marc Jacobs in 1984. Top editors give you the stories you want delivered right to your inbox each weekday. LVMH. Arnault, the wealthiest person in France and one of the wealthiest in the world, is Chair and CEO of LVMH, the world's largest luxury conglomerate. Most recognizable for:Luxury jewelry brand Bulgari is known for its watches and diamond necklaces. Organic revenue growth was 36% compared to 2020 and 14% compared to 2019. Mot Hennessy itself was the product of a merger between Mot & Chandonproducer of luxury champagne brand Dom Perignonand cognac maker Hennessy in 1971. Based on 1 salaries posted anonymously by LVMH Senior Revenue Accountant employees in Hoddesdon, England. The Watches & Jewelry business group recorded revenue growth of 167% in 2021 compared to 2020 thanks to Tiffany, consolidated for the first time. Profit from recurring operations was up 79% compared to 2020 and 75% compared to 2019. Officine Universelle Buly, which differentiates itself through its range of valuable, effective, and authentic products, joined LVMH. The latest fashion shows in Athens and Paris, highlighting the inspiring collections of Maria Grazia Chiuri and Kim Jones, received a tremendous reception. Investopedia does not include all offers available in the marketplace. Most recognizable for: Freshis known for its expansive collection of natural products. 1987 (Mot Hennessy) . LVMH Revenue by business group and by quarter, 2022Revenue (Organic change verses the same period of2021). 35-year old Arnault - who had spent the previous 10 years heading up the construction firm founded by his grandfather - took $15 million from his . In watchmaking, TAG Heuer inaugurated a major partnership with Porsche and successfully launched a Super Mario limited edition of its smartwatch for gaming enthusiasts. Post-acquisition, Hublot complemented other watch brands under the LVMH stable. This means Tiffany will join the other 75 brands owned by LVMH, but it won't necessarily be the conglomerate's most iconic keep reading to see 17 of the most iconic brands the luxury giant currently owns, ranked in chronological order of LVMH's acquisition date. It also launched lots of industry-standard practices in the world . Hennessy is on spot 95 on the list and Dior is on spot 82 on the list of . The name was shortened to Le Parisien in 1986 with the publication at the time a regional daily newspaper. Currently, you are using a shared account. Europe and the United States experienced good growth over the year, as did Asia, despite a difficult environment in . 2022 FULL YEAR RESULTS. Significant revenue growth for all business groups and market share gains worldwide. Access your favorite topics in a personalized feed while you're on the go. Sephoras Russian business was divested. LMVH acquired Glenmorangie in 2004 for around 300 million which represented a 6% premium on the companys then-market capitalization. Loewe (/ l o v /, Spanish: ) (stylized as LOEWE) is a Spanish luxury fashion house specialising in leather goods, clothing, perfumes and other fashion accessories. LVMH, the owner of Tiffany & Co. and Bulgari, is rumored to have its eyes on acquiring rival Richemont, according to Swiss newspaper Finanz und Wirtschaft.. How One Franc Turned LVMH into the Worlds Largest Luxury Group., XE. 2015. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. All business groups achieved significant organic revenue growth over the year (see table on page 3). Since its inception, Loewe Perfumes has created several iconic perfumes for men, women, and the home. The company is a relatively recent acquisition for LVMH, having only been acquired in 2021. January 26, 2023. The luxury titan reported double-digit revenue . Data prior to 2021 are derived from a previous edition of the publication. LVMH, the world's leading luxury products group, gathers 75 prestigious brands, with 79.2 billion euros revenue in 2022 and a retail network of over 5,600 stores worldwide. Use Ask Statista Research Service. Profit from recurring operations by business group: Wines & Spirits: very strong demand in the United States, in Asia and rebound in Europe. Meanwhile, the new LV Dream exhibition in Paris pays tribute to 160 years of creative exchanges that fuel Louis Vuittons spirit of innovation, and a new collaboration with Japanese artist Yayoi Kusama was unveiled, revisiting iconic creations of the Maison. Paris, March 1st, 2023 In accordance with its share buyback program, LVMH Mot Hennessy Louis Vuitton S.E. DePaul Business and Commercial Law Journal. A record year despite the geopolitical and economic situation. Year acquired by LVMH:Fenty Beauty by Rihanna (2017), Fenty (2019), Type of goods:Cosmetics & Luxury Clothes. Revenue up 18% for the Watches and Jewelry Business Group. The Wines & Spirits business group recorded revenue growth of 19% in 2022 (11% on an organic basis). The rebound in consumption, in an environment which was already seeing supply constraints, brought further impetus to the strategy of value creation. DFS was still affected by the health situation in China. Louis Vuitton is a good example of this. Strong revenue growth in Asia and the United States and a gradual recovery in Europe. > PDF version. Prior to the acquisition, LVMH's total revenue from the Watches & Jewelry segment was at EUR 3.3bn, 18% lesser than Tiffany's. That Tiffany saw a marginal decline in revenue recently could be seen as a red flag. Zenith continued to expand its in-store and online distribution. In 2020, LVMH saw 1.4 billion in profit on total revenue of 4.8 billion from its Wines and Spirits group, of which Veuve Clicquot is a significant member. LVMH is a luxury group owned by the Arnault family, which generated over 79 billion in revenue ($83 billion) in revenue in 2022, with a luxury empire that spans many segments, from spirits to fashion, luxury and cosmetics, and luxury retail. Figures prior to 2020 were taken from previous editions of the publication. Headquartered in Switzerland, Hublot managed to establish a foothold in the competitive watch market with a blend of traditional watchmaking techniques, unconventional materials, and cutting-edge technology. Asia was stable over the year due to developments in the health situation in China. LVMH, the world's largest luxury goods company, has just released its results for 2022. Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph]. (January 26, 2023). (January 26, 2023). For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. Please do not hesitate to contact me. In 2017, LVMH and Arnault proposed a complex $13.1 billion transaction to consolidate the companys ownership of Dior by buying out minority shareholders. Strong growth in business in Europe, Japan and the United States. Hublot had an excellent performance, particularly in the United States and China. The network continued to expand notably due to the partnership with Kohls in the United States. * with comparable structure and constant exchange rates. Visit Business Insider's homepage for more stories. The Botanical Rainbow, for example, comprises nine fragrance families inspired by nature, while the Home Scents range captures the essence of a vegetable garden. The United States and Asia rose sharply over the course of the year, while Europe, which is experiencing a gradual recovery, returned to growth in the fourth quarter compared to 2019. Founded in 1846, Loewe is LVMH's oldest luxury fashion house.. Belvedere is a Polish rye vodka brand that was founded in 1993. Further investments were made into Sephoras omnichannel strategy in order to continuously improve its customers purchasing experience both online and in-store. The company . Bernard Arnault acquired a stake in Sephora in 1997. LVMH Mot Hennessy Louis Vuitton, the world's leading luxury goods group, recorded revenue of 79.2 billion in 2022 and profit from recurring operations of 21.1 billion, both up 23%. LVMH's primary competitors include Tiffany, Kering, Gucci and 10 more. In 1994, it started to be distributed around the country and became known as Aujourdhui en France. The Perfumes & Cosmetics business group recorded organic revenue growth of 27% in 2021 compared to 2020. Watches and Jewelry remains one of the smaller LVMH groups when it comes to profit. Chart. Furthering its financial interests in the jewellery sector, LVMH purchases a minority stake in Italian jewellery brand Repossi, later increasing its stake to 69 per cent. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Woodinville does not have a storied history like some other LVMH brands and was instead started in 2010. A few days after the Pfizer vaccine was announced, Arnault added $7 billion to his wealth. The company's Cloudy Bay brand covers white wines, and its Whispering Angel line offers rose, but Schaus said, "we were missing a strong red wine." Moet Hennessy reported revenue of 1.64 billion . The ideal entry-level account for individual users. The deal is also expected to strengthen Tiffanys presence in Europe and China. Profit from recurring operations was almost six times higher than in 2020 and up 128% compared to 2019. * Includes all Belmond revenue for the period from April to September 2019. Officine Universelle Buly is a French beauty brand that was founded in Paris in 1803 by Jean-Vincent Bully. Perfumes & Cosmetics: policy of selective distribution maintained, strong rebound in perfumes and rapid progress in skincare. LVMH purchased Le Parisien from the media group Amaury in 2015. Prices start at around $40 a bottle. Most recognizable for: Hennessy is one of the most famous cognac brands in the world. Known for creativity and colorful jewelry designs, Bulgari has been at the forefront of luxury goods since its founding in 1884 by Sotirio Bulgari. Lenore Fedow lenore.fedow@nationaljeweler.com. January 28, 2020. He is now the fourth-richest person in the world, with a net worth of $113 billion. Learn more about Sephora and find answers to your questions regarding Company leadership, stores and the Beauty Insider program. Group share of net profit was 14.1 billion, up 17% compared to 2021. High-end Jewelry sales in particular reached an all-time high with the huge success of its annual High-End Jewelry Blue Book collection. Sephora is a brand owned by Bernard Arnault that deals with personal care and beauty products. Louis Vuitton purchased Veuve Clicquot in 1986, just a year before the fashion company merged with Mot Hennessy. Europe, the United States and Japan rose sharply, benefiting from strong demand from local customers and the recovery of international travel. Louis Vuitton annual revenue for 2020 was $51.005B, a 15.15% decline from 2019. "Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros)." Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Profit from recurring operations was up 20%. "Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros)." Celebrities such as Rihanna and Jennifer Lawrence are noted faces of the brand. It is also recognized as one of "the big four" cognacs alongside Courvoisier, Remy Martin, and Martell. Profit from recurring operations stood at 17 151 million for 2021, more than double 2020, and up 49% compared to 2019. Revenue 79 billion euros Many new products were unveiled in leather goods, jewelry and watches. . With organic revenue growth of 51% compared to 2019, the fourth quarter showed a sharp rise compared to previous quarters. Its fashion and leather goods division, for which organic revenue declined by 11% over the first nine months of the year, saw a double-digit rebound of 12% growth in the third quarter. The year marked the integration, from the third quarter onwards, of the prestigious Champagne House Armand de Brignac, in which LVMH holds a 50% stake. In, LVMH. For the purposes of its financial communication, in addition to the accounting aggregates defined by the IAS/IFRS standards, LVMH uses alternative performance measures established in accordance with AMFs position DOC-2015-12. In 2020, this group delivered 0.3 billion profit on 3.4 billion in revenue. What Are Masstige Brands? This was during the Luxury Wars years. The Arnault family group owns 48.18% of the capital for LVMH with 63.9% voting power, making . In 2021, Hennessy's revenue rose by 26 percent and gave a $6.7 billion revenue. LVMH announced plans to acquire Tiffany in late 2019 in an agreement that valued the jeweler at approximately $16.2 billion. LVMH: A Timeline Behind the Building of the Worlds Most Valuable Luxury Goods Conglomerate., Quartz. The luxury goods market took a further leap forward, and it has been another record year for the French powerhouse, with a revenue of EUR 79.2 billion, up 23% compared to 2021. The deal, which LVMH announced in March 2011, dramatically expanded the companys Watches and Jewelry business group. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) Statista, https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros) [Graph], LVMH, January 26, 2023. Condensed consolidated accounts for 2021 are included in the PDF version of the press release. LVMH Completes the Acquisition of Tiffany & Co., LVMH. LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the . The product was popular with fashionable and affluent Parisians in the nineteenth century. TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS: FISCAL YEAR ENDED DECEMBER 31, 2019, Page 8. Accessed March 05, 2023. https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, LVMH. Today, LVMH owns 75 brands in six business groups: Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelry, Selective Retailing, and Other Activities. The table below lists these measures and the reference to their definition and their reconciliation with the aggregates defined by the IAS/IFRS in the published documents. As part of our effort to improve the awareness of the importance of diversity in companies, we have highlighted the transparency of LVMHs commitment to diversity, inclusiveness, and social responsibility. 2. We have indicated that transparency with a . Read Next: Zara Business Model, Inditex, Fast Fashion Business Model, Ultra Fast Fashion Business Model, SHEIN Business Model. There are "whispers" in the luxury industry that LVMH founder and CEO Bernard Arnault is particularly targeting Cartier, Richemont's flagship jewelry and watch brand, the report said last week. Belvederes vodka contains zero additives in accordance with specific regulations and is also certified kosher. The brand's headquarters are in Cognac, France, about a five-hour drive from Paris. Luxury fashion, jewelry, beauty products, wine and spirits. The disclosure of share transactions carried out from February 20 th to February 24 th, 2023 was sent to the AMF on February 28 th, 2023. Christian Dior continued its remarkable growth trajectory across all its product lines. Belvedere is a Polish rye vodka brand that was founded in 1993. In the process, it outbid compatriot Pernod Ricard. In LVMH's recent earnings call, CEO Bernard Arnault declared Louis Vuitton is no longer just a fashion brand but a cultural creative company. ", LVMH, Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) Statista, https://www.statista.com/statistics/245847/revenue-of-the-lvmh-group-worldwide-by-segment/ (last visited March 05, 2023), Revenue of the LVMH Group worldwide from 2008 to 2022, by segment (in million euros) [Graph], LVMH, January 26, 2023. statistic alerts) please log in with your personal account. The details of the deal were undisclosed. The company initially produced vodka in a distillery constructed in 1910 before the first import was sent to the United States in 1996. The Leading Source of Insights On Business Model Strategy & Tech Business Models. Most recognizable for: Dom Prignonis one of the oldest companies in LVMH's portfolio. The performance for the year confirms a return to strong growth momentum following the severe . Most recognizable for:Rimowa is a luggage company. But the coronavirus pandemic and its negative effects on the luxury jewelry market prompted Arnault to renegotiate a discount from the originally agreed-upon acquisition price. The company was established in 1846 when a group of Spanish leather craftsmen in Madrid were joined by Enrique Loewe, a merchant of Hessian origin. LVMH said that Tiffany, which will join the companys Watches and Jewelry business group, would help to bolster its position in jewelry and expand its presence in the U.S. [Online]. Hennessy is owned by Mot Hennessy, which is in turn owned by Bernard Arnault's LVMH. Louis Vuitton, which celebrated the 200th anniversary of the birth of its founder, enjoyed a remarkable performance, driven by the success of Nicolas Ghesquires creations for the feminine universe of the Maison. The 4 Ps are the key factors in marketing a product or service: product, price, place, and promotion. "Some brands are over-present, which can damage their brand, but others are too pure and aren't part . The owner of Louis Vuitton, Dior, Bvlgari and TAG Heuer recorded revenue of 64.2 billion last year. The salaries of the groups employees are among the most competitive in their sector of activity. Prada Sells Stake in Fendi for $265 Million.. This was showcased during our hugely successful LVMH Journes Particulires, when we opened our doors to all in fifteen countries in 2022 and saw a record number of visitors come to learn about the know-how of our artisans. ParisLVMH had a strong year in 2022, posting record revenue growth in its fashion and leather goods segment. The Watches & Jewelry business group recorded revenue growth of 18% in 2022 (12% on an organic basis). Available: https://www.statista.com/statistics/410638/lvmh-group-revenue-worldwide-by-geographic-region/, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region, Value of the personal luxury goods market worldwide in 2020, by region, CAGR of the leading global luxury companies between 2018-2021, Leading 20 European luxury goods companies based on sales 2021, Central & Western Europe: revenue in the luxury goods market, 2012-2025, Central & Western Europe: revenue growth luxury goods market, 2013-2025, Second-hand luxury goods market revenue Europe 2021-2027, Fashion and luxury goods M&A deals worldwide in 2021, by region, Luxury cosmetics market revenue in Europe 2012-2025, Luxury fragrance market revenue in Europe 2012-2025, Central & Western Europe: revenue of luxury fashion, 2012-2025, Central & Western Europe: revenue prestige cosmetics & fragrances, 2012-2025, Central & Western Europe: revenue of luxury watches & jewelry, 2012-2025, Central & Western Europe: revenue of luxury eyewear, 2012-2025, Central & Western Europe: revenue of luxury leather goods, 2012-2025, LVMH Group's revenue worldwide 2008-2022, by geographic region, Revenue of the LVMH Group worldwide by segment 2008-2022, Total sales of the Richemont Group worldwide 2008-2022, by geographical region, Kering's global revenue from 2008 to 2022, Global revenue share of EssilorLuxottica in 2021, by geographical area, Shopping channel preference for luxury goods purchases in Europe quarterly 2022, Importance of luxury brands adopting sustainability in Europe quarterly 2021-2022, Importance of luxury/premium products by category in Spain 2022, Importance of luxury/premium products by category in Italy 2022, Importance of luxury/premium products by category in Germany 2022, Importance of luxury/premium products by category in France 2022, Importance of luxury/premium products by category in the UK 2022, Importance of luxury/premium products by category in Austria 2022, LVMH Group's revenue in the U.S. 2008-2022, Luxury customers in China 2010, by age and product category, Luxury goods purchased in China 2010, by intended purpose, Mainland Chinese demand for luxury goods 2020, Luxury fashion goods consumers most regularly buy in the United Kingdom (UK) 2013, Consumer spending on luxury goods in China 2010, by tier, Involvement of others in luxury item purchase decisions in the U.S. 2018, LVMH Group's half-year revenue by segment 2007-2022, Utilization of information channels regarding personal luxury items in the U.S. 2018, Global airport personal luxury goods market share by category 2015, Global airport personal luxury goods market share by region 2015, Luxury good and service purchase frequency of U.S. and UK consumers 2019, by age, Number of new or used personal luxury items bought in the U.S. 2018, Motivation for purchasing luxury goods Hong Kong 2021, Factors making cosmetics items luxury according to U.S. women 2017, by income, Revenue of the LVMH Group worldwide from 2008 to 2022, by geographic region (in million euros), Find your information in our database containing over 20,000 reports. In 2020, the luxury conglomerate earned 44.7 billion in revenue, employed 150,000 workers, and maintained over 5,000 . While LVMH's operating profit rose 17 percent, to a record 1.96 billion euros or $1.74 billion last year, on a 35 percent increase in revenue to 11.6 billion euros, the results still fell short of . Since that time, Fendi has become known for craftsmanship and innovation while remaining true to its Roman roots. LVMH Diversity & Inclusiveness Transparency. January 26, 2023. LVMH Mot Hennessy Louis Vuitton recorded revenue of 56.5 billion euros ($55.1 billion) for the first nine months of 2022, up 28 percent compared to the same period of 2021. In the first nine months of the year, it recorded revenue of 30 billion ($37 billion), down 21% from this time last year. The continued growth of the Collection Prive and the skincare lines Prestige,Capture Totale and LOr de Vie also contributed to the progress of the Maison. Mot Hennessy strengthened its global portfolio of exceptional wines with the acquisition of the Joseph Phelps vineyard, one of the most renowned wine properties in Napa Valley, California. Its parent company Boussac had filed for bankruptcy and the French government was looking for a buyer for the Paris-based brand that owned a number of companies, including Dior. Under LVMHs direction, Belvedere was named the Vodka Producer of the Year for the third consecutive year at the 2017 International Spirits Challenge. All business groups achieved significant organic revenue growth over the year (see table . The merger created one of the worlds premier sellers of luxury products. "Revenue of The Lvmh Group Worldwide from 2008 to 2022, by Geographic Region (in Million Euros). Fred showed strong growth and launched its first retrospective exhibition at the Palais de Tokyo in Paris. Feb 6, 2023. Profit from recurring operations was nearly nine times higher than 2020 and returned to 2019 levels. The conglomerate is also acquiring jeweler, Bernard Arnault, chairman and CEO of LVMH, controls about half the company and has a. Audit procedures have been carried out and the audit report is being issued. A strong social and economic footprint in France. LVMH. The continued global success of Diors. Organic revenue was stable compared to 2019. In an environment marked by a limited recovery in international travel and the closure of many points of sale over a period of several months, LVMHs major brands chose to maintain a policy of selective distribution, limiting promotions and growing online sales on their own website. The regulated information related to this press release as well as the presentation of annual results and the Financial Documents report are available on www.lvmh.com. Momentum was particularly strong in Europe, Japan and in emerging markets, particularly in high energy channels and gastronomy. The balance of 7 euros will be paid on April 28, 2022. The Fashion & Leather Goods business group recorded revenue growth of 25% in 2022 (20% on an organic basis). These philosophies have guided the company to a prolific number of acquisitions over the past three decades, including Celine in 1996, Sephora in 1997, Fendi in 2001, and more recently, Fenty in 2019 and Tiffany & Co. in 2021. This statistic shows the revenue of the LVMH Group worldwide from 2008 to 2022, broken down by geographic region. The Wines & Spirits business group recorded organic revenue growth of 26% in 2021 compared to 2020 and 9% compared to 2019. Total Starbucks locations globally 2003-2022, U.S. beer market: leading domestic beer brands 2017, based on sales, Revenue and financial key figures of Coca-Cola 2009-2021, Research lead covering Non-food CG & Retail, Profit from additional features with an Employee Account. High earners, not rich yet (HENRYs) are individuals who have significant income but have yet to amass the assets that transition them to true wealth. It reported net profit of 4.7 billion on revenue of 44 . Business Solutions including all features. Le Bon March, which is growing strongly, continued to develop innovative concepts and benefit from the return of loyal French customers and international travellers.