Beating expectations: A woman outside a Louis Vuitton outlet in Austria. LVMH has reported a 19% increase in sales, excluding mergers and acquisitions and currency movements, in the three months to Sept 30. — Reuters
“LUXURY is not a proxy for the general economy,” says LVMH Moet Hennessy Louis Vuitton SE chief financial officer Jean-Jacques Guiony.
He could not be more right.
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