No ceiling seems to resist the strength of LVMH's growth.
Without a slowdown in China at the end of the year, due to an outbreak of Covid-19 contaminations, the world leader in luxury would have easily exceeded the bar of 80 billion euros in turnover.
But even with this disappointment, which caused a temporary halt in the Chinese market, the owner of Louis Vuitton, Christian Dior, Hennessy, Moët & Chandon, Sephora and Tiffany came close.
Its sales reached 79.2 billion euros in 2022, after a second consecutive year of exceptional growth (+17% compared to 2021).
Louis Vuitton, its flagship brand, has crossed the 20 billion mark in turnover, after growth of 20%.
"This performance illustrates the exceptional power of attraction of our houses and their ability to create desire during a year that was nevertheless tense economically and geopolitically"
underlines Bernard Arnault, CEO and main shareholder...
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