LVMH is shrugging off record-high inflation and war ...Middle East

Quartz - Economy
LVMH is shrugging off record-high inflation and war
source : Quartz ( Middle East ) () 29
US inflation may be the highest it’s been in decades, and Europe in the midst of a bloody conflict, while in China, tens of millions of people remain in lockdown. But for LVMH, the purveyor of Dior bags and fine cognac, business is booming.The French company reported strong first quarter results, beating estimates on Apr. 12. Its revenue totaled 18 billion euros, up 29% compared to the same time last year. Growth continued to be led by its star brands Louis Vuitton and Dior, although management noted that most of its labels (with the exception of its duty free arm, DFS) were doing well.Here’s why the luxury conglomerate has remained mostly unscathed:Read the rest of this story on qz.com. Bec

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