Tue, Jan 21, 2025
Dublin

Luxury goods are flying off the shelves!

Louis Vuitton Moët Hennessy (LVMH) recorded revenue
Louis Vuitton Moët Hennessy (LVMH) recorded revenue
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Luxury goods are flying off the shelves!

Whether it is fashion, watches, perfumes or champagnes, luxury goods are flying off the shelves!

While many everyday businesses struggle to bounce back from the current health crisis, the opposite is true for the world's most prominent high-end brands.

Louis Vuitton Moët Hennessy (LVMH) recorded revenue of €44.2 billion in the first nine months of this year alone, an increase of 46% over 2020,and the group's fashion and leather division boasts record levels of growth since the beginning of the pandemic in 2019.

Luxury has always been a resilient economic sector, and the demand for luxury goods is accelerating at an astonishing pace as the glitzy labels all enjoy record sales leading into 2022.

Understandably, maybe people want to indulge themselves a little more in these times?

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