LVMH posts record sales as shoppers snap up luxury goods

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The luxury industry has rebounded strongly with revenue in the fourth quarter for LVMH’s fashion and leather goods soaring 28%

LVMH posted record annual sales on Thursday as well-heeled customers snapped up items ranging from Louis Vuitton and Dior, cementing the group’s rebound from the depths of the pandemic.

LVMH said fourth-quarter sales came in at €20.04bn overall, with growth led by the group’s blockbuster labels Louis Vuitton and Dior.

 

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