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Moet Hennessy Louis Vuitton (LVMH) shares hit record highs after announcing strong earnings on April 11. In the first quarter of 2019, LVMH’s revenue rose 16 percent to 12.5 billion euros ($14 billion). Revenues were up 11 percent on an organic basis, which takes into account mergers, acquisitions, and currency fluctuations. Both numbers surpassed analyst forecasts.
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It was big news back in 2015 when Ian Rogers jumped from Apple to become the new chief digital officer at LVMH (Louis Vuitton Moet Hennesy, which owns watch brands including Bulgari, TAG Heuer, Hublot, and Zenith). Jing Daily (a publication focused on digital trends in China) has a brief interview with him, in which he discusses his move from Apple to LVMH, how to do luxury online the right way, and what “luxury” means.
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