lvmh - Unusual Whales

Sign in Subscribe

lvmh

A collection of 2 posts

LVMH becomes the first European company to surpass a market value of $500 million

Per CNBC LVMH, the parent company of Louis Vuitton, Hennessy, and other brands, has officially become the first company to surpass a market value of half a billion. This came after a 17% increase in its first-quarter sales. The company was able to double the expectations of analysts, resulting in

Luxury sales remain unaffected by rising interest rates, increasing by 22% in 2022

Per CNBC While many struggled due to the increased interest rates, luxury sales somehow remained unaffected. In 2022, despite the rising interest rates, personal luxury goods global sales increased to $381 billion. The increase in global sales to $381 billion represents a 22% growth for personal luxury goods sales in