The world’s largest luxury goods conglomerate, LVMH, said sales fell slightly in the U.S.—just recently the industry’s fastest-growing market and a key driver of its postpandemic boom
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Luxury king LVMH says U.S. sales fell as the rest of world continues to binge on Champagne, handbags and luxury jewelryBernard Arnault, head of luxury-goods conglomerate LVMH, has a net worth larger than that of Elon Musk and Jeff Bezos. WSJ’s Nick Kostov explains how the French business magnate amassed his fortune and how he plans to keep that wealth under family control. Photo: Nicholas Kamm/Agence France-Presse/Getty ImagesDow Jones & Company, Inc. All Rights Reserved.
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