Commerce
January 27, 2023
Selective retailing was the second-highest performing business group for LVMH in 2022, serving as the foundation of full-year fiscal success. Image credit: LVMH/Le Bon Marché Rive Gauche
By Amirah Keaton
Last year’s earnings prove that French luxury conglomerate LVMH Moët Hennessy Louis Vuitton's fate could rest with one of retail’s oldest models.
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","iv":"3c88d639a13db68184fd3b6647d658ee","s":"b9aee2493430e8bf"}
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