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LVMH growth driven by selective retailing and Asia in 1st quarter of 2023



The world’s largest luxury conglomerate, reported a revenue of 21 billion euros in the first quarter of 2023, up 17% compared to the same period of last year, more than double analysts’ expectations. Sales growth was driven by fashion and leather goods, but also by duty-free sales and by the good performance of Sephora.

Europe and Japan, which enjoyed strong growth momentum, benefited from robust demand from local customers and international travellers; the United States, a market which. ....

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