Splurge on little luxuries leads to record revenues at LVMH
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
‘’The pandemic belt tightening is over and LVMH’s customers have been splashing out on the little luxuries in a post crisis splurge. Organic half year revenue growth jumped by 53% compared to 2020, and crucially by 11% compared to 2019 levels to reach €28.7 billion.
As vaccination rates increased during the second quarter of 2021 and confidence...