LVMH Shines with Record Revenue in Jewelry Sales

Louis Vuitton Moët Hennessy (LVMH) has reported a remarkable financial year, achieving a record revenue of €86.15 billion, a 9% increase despite a sales slowdown in the latter half. The luxury group’s success was bolstered by the reopening of Tiffany & Co’s iconic New York store and the acclaim for Louis Vuitton and Christian Dior’s fashion collections. Notably, LVMH’s watches and jewelry division saw a 3% increase in sales, amounting to €10.90 billion, underscoring the robust appeal and enduring demand for its luxury brands amidst economic and geopolitical challenges.