LVMH sales lifted by strong Chinese rebound in first quarter

April 12, 2023 11:50 PM HKT | By Reuters
Image source: Reuters

PARIS (Reuters) - French group LVMH reported a 17% rise in first-quarter sales, lifted by a return to strong business in China, which is serving as a relay of growth just as shoppers in the United States begin to ease off a months-long, post-pandemic splurge.

Sales at the world's largest luxury company, which owns Louis Vuitton and Dior fashion houses as well as Hennessy cognac and U.S. jeweler Tiffany, came to 21.04 billion euros ($23.10 billion) for the three months ending in March.

($1 = 0.9109 euros)

(Reporting by Mimosa Spencer, editing by Silvia Aloisi)


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