The income of the French Louis Vuitton company is 3 times the income of Iran’s oil!
A comparison of Iran’s income from oil sales with the income of the French Louis Vuitton company from the sale of its products during the past year shows that this company has sold nearly three times the income of Iran’s oil.
According to Kama Press, in a situation where the country’s most important source of income, i.e. oil sales, is facing major obstacles due to the constant fluctuations in the price of black gold and the imposition of sanctions by the United States, many other countries are taking advantage of their opportunities and competitive advantages in the fields of Economic diversities earn significant revenues, including the Louis Vuitton company, which earned $59 billion last year.
According to the announcement of Transparent Economy Channel, last year the French Louis Vuitton company earned 59 billion dollars in sales of perfumes and colognes and luxury bags and shoes to celebrities and the rich people of the world, while Iran is one of the major oil producers. According to some reports, it had only 20 billion oil revenues.
Half a century of activity in the luxury goods market
The Louis Vuitton brand, known as LV, is considered one of the world’s luxury brands and is more than a century and a half old. The products of this brand include leather goods, shoes, handbags, jewelry, and a wide range of products. It is luxury that most of them have the LV logo printed on them.
The Louis Vuitton brand was founded by the French designer named Louis Vuitton in 1854, but since 1989, the owner of the LV brand is Bernard Arnault, who is currently considered one of the richest people in Europe.
The value of this brand was estimated at 25.9 billion dollars in 2012, which is a high figure. Experts believe that one of the reasons for the high profits of this company and its huge revenues is the support of famous figures for this brand, because it increases people’s desire and passion for this brand. data
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This post is written by shadmanamini