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The truth about price increases
1. Declining consumption growth and intensifying class differentiation
Compared with the relatively sluggish overall consumption, China's luxury goods market has been rising against the trend. Predominantly driven by changes in the wealth structure.
"M-Type Society: The Crisis and Business Opportunities of the Disappearing Middle Class" When the wealthy end of the M-type society continues to expand, the middle class ...

LVMH, the world's largest luxury firm, saw a 4.5% rise in stock prices to €874.40 in early European trade on Thursday after reporting a surge in Q1 sales, particularly in China, where growth of 14% drove the increase. LVMH's shares are up almost 30% so far this year, with market capitalization reaching €438bn, over twice the level seen three years ago. The French company owns several luxury brands, including Louis Vuitton, Dior, Tiffany, and Hennessy cognac...

We have gathered 15 Key Insights from the earnings call and slide deck. Let's dive in
1. Asia, particularly China, is now bouncing back rapidly after a long period of restrictions:
2. Both in-store traffic and the online business is picking up in the previously troubled China:
3. Revenue growth by Geography:
4. Organic growth by Business Group:
5. $LVMH was asked if the growth in Q1 was mainly attributable to...

As a typical representative of Webelos goods, Hermes's revenue growth rate declined only in 2020, the worst year of epidemics, and returned strongly.
The fiscal year 2022：
Sales jumped 29% year-on-year to €11.602 billion, topping €10 billion for the first time in its history.
Operating profit jumped 40.5% to 4.697 billion euros, with gross margin reaching 70% and net profit jumping 29% to 3.367 billion euros.
In the fourth quarter, when luxury consump...

At the beginning of 2023, luxury brands significantly accelerated their presence in China.
Expected recovery
According to Bain & Company, luxury goods sales in China will grow by 36% in 2021 and 21% in 2022.
Bernstein, a luxury consultancy, forecasts that Chinese luxury demand is expected to rebound to 25%-35% in 2023, with Western market demand growing at 5%-10%.
Why are you bullish on China?
The resilience of the Chinese market results from l...

On January 26, LVMH, the world's largest luxury goods group, announced its financial data for the fourth quarter and FY2022 as of the end of December 2022. Annual sales increased by 23%YOYto €79.18 billion, a record high. Operating profit also increased by 23% to €21.055 billion. Net profit increased by 17% to €14.1 billion, and operating free cash ...