LVMH was poised for success in 2021; even with the sunny forecast, its investors will undoubtedly be pleased to hear just how cheery its first quarter results are. The conglomerate reported a 30 percent revenue rise over the first quarter of 2020 — recorded prior to the COVID-19 pandemic wreaking havoc across the world — and it even beat the results from Q1 2019 by eight percent. As detailed in LVMH’s report for investors, the company enjoyed immense growth courtesy of its fashion portfolio, with Dior proving key sales drivers, though CELINE, Fendi and Marc Jacobs all proved successful, if not profitable. The Business of Fashion notes two crucial elements of Louis Vuitton and Dior’s success: price hikes and unparalleled spending power.