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Nov. 13, 2024
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Commerce

Earnings at LVMH suggest diversified retail could reach new heights in 2023

January 27, 2023

Department stores could quite possibly have served as the foundation of the luxury conglomerates fiscal success for the full year. Image credit: LVMH/Le Bon Marché 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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  1. Diageo launches new division for luxury brands, experiences
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  5. Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey
  6. Luxury Unfiltered: Crisis or opportunity? Why luxury brands must focus on strategy, not fear
  7. ‘Hermès in the Making’ pop-up continues world tour in Zurich
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