LVMH revenue slips in ‘uncertain’ global market
Luxury retail group LVMH has posted a slight decline in overall reported revenue growth as it continues to trade in an “uncertain” geopolitical and economic environment.
LVMH recorded revenue of €20.7bn in the first quarter of 2024, down 2% on a reported basis from €21bn in the first quarter of 2023.
Its fashion and leather goods group, which consists of brands such as Louis Vuitton, Christian Dior and Fendi, saw a 2% dip in reported revenue to €10.5bn, but Louis Vuitton is said to have had a “great start” to the year.
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