Louis Vuitton Raises Prices And Workers Walk Out, Challenging Its Creative Cultural Claim

Louis Vuitton Raises Prices And Workers Walk Out, Challenging Its Creative Cultural Claim

“Louis Vuitton is a company that is involved in many aspects of cultural life. It’s not just a ... [+] fashion brand, it’s a cultural brand with a global audience,” LVMH Bernard Arnault said. (Photo by Edward Berthelot/Getty Images)

In LVMH’s recent earnings call reporting fourth quarter and year-end 2021 results, CEO Bernard Arnault took a victory lap.

He reported record-breaking financial results, with revenues reaching €64.2 billion (~$73 billion) on organic growth of 36% over 2020 and 14% compared to 2019 and profit from recurring operations at €17.2 billion (~$19.5 billion) that doubled over 2020 and rose 49% over 2019.