LVMH : Follow the leader
>No concerns at the year-end, moderate growth expected in 2023: the group will continue to leverage the strength of its brands - After the excellent sales growth recorded in Q3 for European luxury goods stocks (+19% y-o-y at constant FX on average, with LVMH’s flagship fashion & leather division posting +22%), expectations are now more modest for Q4 given China, which will have turned negative again, and an inevitable normalisation of growth rates in the US and Europ...LVMH Moet Hennessy Louis Vuitton is a manufacturer and retailer of luxury goods. Co. offers champagne and wines, cognac and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelery; and is engaged in selective retailing. Its operations are organized along five business segments: Wine and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, Watches and Jewelery, and Selective Retailing. Co. is also engaged in other activities (Media with Les Echos group, La Samaritaine and Luxury yacht with Royal Van Lent). Some of Co.'s brands are Moet & Chandon, Dom Perignon, Louis Vuitton, Fendi, Donna Karan, Parfums Christian Dior, Guerlain, Parfums Givenchy, and TAG Heuer.
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