LVMH revenue rises as brands continue to thrive
Luxury goods conglomerate LVMH posted an “excellent first half” as it saw strong revenue growth across its fashion and beauty divisions.
The luxury retail group reported revenue of €42.2bn (£36.1bn) in its first half of the full financial year, up 15% year on year from €36.7bn (£31.4bn) for the same period in 2022.
LVMH credited its first-half performance to “strong growth” across Europe and Asia, despite some elements of the business including wines and spirits being “impacted by the economic environment in the United States” as well as a continued high level of stock across its retailers.
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