Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $5
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events
×

China stands out in tough LVMH first half year

China proved a standout market in every product category for luxury-goods retail group LVMH in the first half year. While sales in Europe and the Americas suffered from long drawn-out disruption due to Covid-19, there were signs of a recovery in Mainland China. LVMH group sales fell by 27 per cent to €18.4 billion during the half and by 38 per cent in the second quarter.  “Asia has seen a marked improvement in trends, with a strong rebound in China in particular,” the company noted in