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

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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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