LVMH Moët Hennessy Louis Vuitton has recorded revenue of €42.2 billion (approximately $46.5 billion) in the first half of 2023 – up 15% year-on-year, according to the company’s website.
The Watches & Jewelry business group achieved organic revenue growth of 13% in the first half of 2023. Profit from recurring operations was up 10%. In jewelry, “Tiffany enjoyed excellent momentum with the exceptional success of the reopening of the “Landmark” in New York.” Bulgari experienced “strong growth” and the launch of its high jewelry Mediterranea collection saw “outstanding performance.” Likewise, Chaumet and Fred “experienced strong growth over the first half.”
Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved outstanding results during a six-month period of ongoing economic and geopolitical uncertainty […] Thanks to the desirability of our brands, we approach the second half of the year with confidence and optimism […]”.
