PARIS — LVMH Moët Hennessy Louis said it was cautiously confident heading into 2023 after revenues rose 15 percent within the fourth quarter, fueled by its key fashion and leather goods division and selective retailing.
The French luxury goods giant, which owns brands including Louis Vuitton, Dior, Sephora and Tiffany & Co., reported revenues of twenty-two.7 billion euros within the three months to Dec. 31, in keeping with consensus forecasts. This represented an increase of 9 percent at constant exchange rates, down from the 19 percent recorded within the third quarter.
“With the month of January having began well and despite an uncertain geopolitical and economic environment, LVMH is confident in its ability to proceed the expansion observed in 2022,” the group...
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