LVMH shares jump over 12%

Attention luxury market watchers! ⌚

LVMH, the titan of high-end brands, has just set the luxury world abuzz with its soaring shares and robust earnings. 

This Friday morning was all about LVMH as its shares leapt over 12%, thanks to a performance that outshined even the sunniest forecasts. 

What’s the secret behind this success?

Well, no surprises: influencer marketing.

At Click Analytic, we’re diving in to see what we can learn. 🤿

LVMH is the powerhouse behind Louis Vuitton, Moët & Chandon, Hennessy, and other luminaries like Givenchy and Sephora.

It unveiled a glittering sales figure of 86.15 billion euros for 2023. 🤑

This figure showed a robust 13% organic growth from the previous year!

Even in the last quarter, the luxury group kept its shine with a 10% rise in organic revenue. 

Luxury juggernaut LVMH has not only dazzled the market with its impressive 12% share jump but also highlighted the power of influencer marketing in driving luxury brand growth. 

Let’s unravel how LVMH’s savvy influencer strategies have contributed to its stellar 2023 earnings.

LVMH smartly used influencer marketing to reach new heights. 

How?

The group’s brands, like Louis Vuitton and Dior, firmly believe in long-lasting collaborations with high-profile influencers and celebrity endorsements.

Why?

To create buzz and appeal to younger, digitally-savvy consumers. 

These influencer endorsements boosted brand visibility and helped tap into new customer segments.

Here’s an excellent example of how they do it:

LVMH’s influencer collaborations extend beyond mere endorsements. 

👉 They create immersive experiences that blend storytelling with luxury.

👉 Their campaigns often result in viral social media campaigns. 

This approach has been crucial in elevating the group’s fashion and leather goods sector, which witnessed a remarkable 14% annual growth.

LVMH’s strategy also involves hiring micro-influencers and niche content creators. 

These creators often wield more authentic connections with their followers. 

This grassroots approach has driven growth in sectors like perfumes, cosmetics, and even wines and spirits. 🥂

LVMH’s successful blend of traditional luxury with modern influencer marketing tactics drives its resilience and growth. 

As the group looks forward to 2024 with optimism, its continued innovation in influencer marketing strategies will likely play a pivotal role in maintaining its leadership.

LVMH’s partnership with the Paris 2024 Olympics is another smart move.

At Click Analytic, we see it as a golden chance for the group to bolster its leadership in luxury goods. Well done!