LVMH enjoys sales boom in ‘excellent start’ to the year


Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.

The luxury retail group reported revenue of €21bn (£18.5bn) in its first quarter, 17% higher than the same period in 2022. 

LVMH said Europe and Japan both “enjoyed strong growth momentum” during the quarter, and benefited from both local and international customer demand.

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