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Luxury giant says Chinese market makes up for U.S. downturn
LVMH, the world's leading luxury products group, has said that while the recovery of the Chinese sales market has helped business remain steady, the U.S. luxury market has slowed down.
July28,2023
Luxury goods giant LVMH to build tourism retail supply chain center in Hainan
LVMH Perfumes & Cosmetics (Shanghai) Co., Ltd. on Monday reached a cooperation deal with the Haikou Comprehensive Bonded Zone in south China's Hainan Province to build a tourism retail supply chain center in the zone, reported Shanghai Securities News Monday.
July26,2022
Asia to push Moncler and LVMH sales and profits in double-digit
China, Japan and Korea are now the successful keys of the two groups. For the Italian group, the Far East not only means 43% in turnover but it is also the main growth driver. For the French group that controls Loro Piana and Bulgari, the fashion and leather goods mainly drove turnover and margins.
July26,2019
LVMH's race in China brings on a dividend increase
The luxury brand nicely wrapped up the quarter, enjoying returns 9% higher and peaking at 13.7 billion euros. 2018 turnover was 46.8 billion euros, while net profit was 6.35 billion (+18%).
February15,2019
LVMH goes online to lure more luxury customers to spend
Global luxury giant LVMH is embracing the digital age in China by providing online shopping services for its core brand Louis Vuitton.
July25,2017
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