LVMH beat market forecasts in the third quarter, posting a brisk rise in sales as Americans in Europe made the most of the strong dollar along with improved business in China due to partial easing of health restrictions. As per reports, The Fashion & Leather Goods business group recorded revenue growth of 31% in the first nine months of 2022 (24% in organic).
With growth continuing at the same pace, sales reached US $ 19.2 billion, up by 19 per cent as compared to last year.
”Europe, the United States and Japan, up sharply since the start of the year, benefited from the solid demand of local customers and the recovery in international travel,” the group said in its press release.
