Wednesday, October 23, 2019
Finance

LVMH Q3 report : the irresistible rise

DNMAG-LVMH-Q3-report-2019

LVMH Q3 report

The irresistible rise of LVMH

Top luxury group LVMH, whose brand stable includes Louis Vuitton, Fendi, Dior and Givenchy, shocked analysts with a Q3 financial report that showed sales in the period were up 17 percent to €13.3 billion, or more than half a billion more than had been expected. In addition, sales in the conglomerate’s leather and fashion segment rose by 22 percent in the first nine months of the year compared to 2018. Even sales in Asia rose 12 percent despite the protests in Hong Kong. LVMH has also just invested in Madhappy, a Los Angeles-based streetwear brand that promotes mental wellness.

 

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LVMH Q3 report : the irresistible rise
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