Sebastian Soriano
Analysis – In a quiet market, the world leader in luxury managed to accelerate its growth during the critical year-end period. Alexandre and Frédéric Arnault are preparing to join the board of the family group.
At the end of a year of challenges for luxury players, faced with a normal return to demand after three years of frantic post-Covid growth, world leader LVMH is once again demonstrating its ability to outperform the market and gain ground. its competitors.
The first luxury heavyweight to announce its annual performance, the owner of Louis Vuitton, Dior, Tiffany, Guerlain, Hennessy, Moët and Chandon, among others, saw its growth accelerate in the year-end strategic period. At 10% in the last three months of 2023, its quarterly turnover increase (22.7 billion euros) is higher than the 9% posted at the end of the summer. This acceleration allows it to close 2023 with an organic growth of 13% in its sales, increasing its lead in the luxury personal goods market, which is growing by 8% in 2023, according to Bain & Company estimates.
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