Robust growth in the US help world's largest luxury group offset a new round of lockdowns in China
Paris — Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US helped it offset a new round of lockdowns in China.
The growth pace in the second quarter was a tad slower than in the first three months of 2022, when group sales had climbed by 23%. The wine and spirits division bounced back strongly from logistical and supply constraints earlier in 2022, growing 30%, while sales from selective retailing, which includes Sephora, rose 20%.
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