Industry News – LVMH Reports Record Revenues for 2023, Lower Growth for Watches & Jewelry

As was expected, LVMH, the world’s largest luxury goods company, has announced record revenues for 2023. At EUR 86.2 billion, revenues are up 9% while the organic growth was +13%. The progression of revenues was higher in the fourth quarter than in the third quarter with organic growth of 10% versus 9%, despite some uncertainties […]

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