Luxury
LVMH – gold plated revenues shrug off lockdown headwinds
LVMH reported revenue of €14.0bn in the first quarter of 2021. That represents organic growth of 30% year-on-year and an 8% uplift on the first quarter of 2019 (the year before the pandemic struck). Year-on-year sales improved across all divisions other than Selective Retailing, which continues to struggle with restrictions…
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