LVMH : Growth likely to remain modest at the start of the year but the group is still well positioned going forward
> No positive surprises on the top line to be expected for the start of the year - We are maintaining our modest growth forecasts for the group for H1 2024 with, in particular, Q1 well short of the 5% mark in organic terms (indeed, we have shaded down our forecast from +4% to +3% with +2% at Fashion and Leather vs +3% before). Despite spending remaining in good shape for the very high-end segment and a confirmed recovery in Chinese spending outside China (particularl...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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