Luxury industry: Investing in high fashion or high return?
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LVMH Financial Highlights
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1.
$LVMH Moet Hennessy Louis Vuitton(LVMHF.US)$ reported higher than expected first-quarter sales, with a
17% growth on an organic basis.
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2.
The growth was largely attributed to a rebound in sales in China after COVID-19 lockdowns.![]()
3.LVMH owns luxury brands like Louis Vuitton, Dior, Hennessy, and Tiffany.
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4.The group expects China to continue driving growth in 2023.
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5.
The US market showed signs of waning demand, particularly among younger, lower-spending shoppers.
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6.LVMH made
27% of its 2022 revenues in the Americas and
30% in Asia excluding Japan.
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7.LVMH's shares have risen by
23% this year, outperforming the French blue-chip index.
$COMPAGNIE FINANCIERE RICHEMONT SA.(CFRHF.US)$ $KERING UNSPON ADR EA REPR 0.1 ORD EUR0.00(PPRUY.US)$
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