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LVMH “cautiously confident” for 2017 after fiscal 2016’s momentum

Kendall Jenner for Fendi, fall/winter 2016-17 Kendall Jenner for Fendi, fall/winter 2016-17

 

French luxury conglomerate Moët Hennessy Louis Vuitton ended fiscal 2016 with recorded revenue of €37.6 billion, or $40.2 billion at current exchange rates, for an increase of 5 percent over the prior financial year.