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LVMH Maintains Strong Growth in Q3 Despite China's Crackdown on the Ultra-rich

12 days ago   |   By Luxuo

Image: Louis Vuitton
LVMH Moët Hennessy Louis Vuitton released their Q3 performance earlier this week on October 12, 2021, reporting a 46 per cent increase in revenue compared to 2020. This translates to a €44.2 billion revenue for the world's leading luxury group in the first nine months of 2021.
In terms of organic revenue growth for its Q3 , LVMH achieved a 40 per cent growth compared to 2020, and an 11 per cent growth compared to 2019. Between the months of July to September 2021, the luxury group had revenues of €15.51 billion and this figure corresponds to those in the first half of...
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