In the shadow of a global luxury market slowdown in 2023, LVMH Moët Hennessy Louis Vuitton, the renowned French multinational corporation and conglomerate specialising in luxury goods, emerged as a beacon of resilience and growth. Despite a year fraught with economic and geopolitical uncertainties, LVMH, with its prestigious brand portfolio includ...
LVMH’s Triumph: Defying the Luxury Downturn with Record Growth
In an era where economic turbulence has cast a shadow over the global luxury market, LVMH stands as a shining example of resilience and growth. Defying expectations, the French luxury titan has not only weathered the storm but emerged stronger, posting a remarkable 10% sales increase in the final quarter of 2023. We look into how LVMH, under the leadership of CEO Bernard Arnault, has navigated through geopolitical challenges and economic uncertainties, cementing its position as a beacon of stability and prosperity in the luxury sector
Alice Weil
Features Editor at The Executive Magazine