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":"369297a042973ed80a06069ea3982953","s":"2174a795c952124b"}
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