At the end of a year full of challenges for luxury players, faced with a return to normal in demand after three years of crazy post-Covid growth, the world leader LVMH is once again demonstrating its ability to do better than the market and gain ground on its competitors.
The first luxury heavyweight to reveal its annual performance, the owner of Louis Vuitton, Dior, Tiffany, Guerlain, Hennessy, Moët & Chandon, etc. experienced an acceleration in its growth over the strategic end-of-year period.
At 10% over the last three months of 2023, the increase in its quarterly turnover (22.7 billion euros) is higher than the 9% posted at the end of summer.
This acceleration allows it to close 2023 with organic growth of 13% in its sales, increasing its lead in a luxury personal goods market growing by 8% in 2023, according to estimates from Bain & Company.
Read alsoLVMH surfs the waves of the luxury market
Despite a decline in its wines and spirits division (-4%…
This article is reserved for subscribers.
You have 82% left to discover.
Flash sale
Unlock all items immediately.
I ENJOY IT
Already subscribed?
Log in