LVMH, the France-based luxury fashion house, has recorded an impressive jump of 56 per cent in it half-yearly revenue to clock €28.6 billion. That’s also a 14 per cent growth from that in 2019.
The retailer has attributed the good numbers to the commendable performance by its fashion segment that includes the likes of Christian Dior, Fendi, Loewe and Celine, amongst others.
The 6-month period that ended June 2021 saw LVMH’s Fashion and Leather Goods division record sales surge of 74 per cent to €7.9 billion.
Notably, amongst the brands, Christian Dior had an excellent first 6 months with strong growth amongst local consumers across all its product categories.
The profit from recurring operations rose by 4.6 times to €7.6 billion compared to €1.6 billion a year before.
One of the major highlights from the first half included the integration of the Maison Tiffany and the launch of La Samaritaine after an ambitious renovation programme.
A delighted Bernard Arnault, Chairman and CEO of LVMH, said in a statement released to media, that LVMH was in excellent position to continue to grow and further strengthen its lead in the global luxury market in 2021.
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