If retailers and online sellers were wondering where all the young women were, what they were doing, and what they were spending their money on in 2022.
If retailers and online sellers were wondering where all the young women were, what they were doing, and what they were spending their money on in 2022. | Trending
The beauty industry has successfully navigated the multiple challenges posed by the pandemic crisis and the subsequent economic slowdown of the past two years and is now on a path from recovery towards.
th, 2021
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7 billion euros in 2020, down 17%. Organic revenue declined 16% compared to 2019. LVMH showed good resilience in 2020 in an economic environment severely disrupted by the serious health crisis that led to the suspension of international travel and the closure of the Group s stores and manufacturing sites in most countries over a period of several months.
With an organic revenue decline of only 3% in the fourth quarter, the Group saw a significant improvement in trends in all its activities compared to the first nine months of 2020. Fashion & Leather Goods in particular, enjoyed a remarkable performance, with double-digit growth in both the third and fourth quarters. While Europe is still affected by the crisis, the United States saw a good recovery and Asia grew strongly.