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The LVMH H1 Results Indicate A Careful Return To Luxury

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LVMH, the world’s largest company, reported a good first-quarter performance, with sales increasing by 28% over the previous year. This increase amounted to €36.7 billion, and the company said that all of its business segments saw double-digit organic revenue growth over the time. Demands from Europe and the United States were ascribed to the group’s good performance. At the same time, Asia (particularly China) saw slower growth as a result of the new health regulations.

When the numbers are broken down into quarters, it is clear that the group’s growth is decreasing. In comparison to the Q1 results, the newest Q2 financial reporting only reported a 19% rise, compared to a 23% gain for the former. The conglomerate’s expansion has slowed as a result of China’s influence. Despite increased demand from clients in Europe and the United States, it is unable to compensate for a lack of demand from Chinese consumers.

https://retroworldnews.com/the-lvmh-h1-results-indicate-a-careful-return-to-luxury/