Luxury Bags Are Selling Really Well

Published by
The Street

By Veronika Bondarenko LVMH revenue for the period between June and January rose by 27%. When inflation hits, some switch to generic versions of foods and dial down the thermostat while others stock up on luxury handbags when the dollar is higher than the euro. For two quarters in a row, the parent company behind brands like Louis Vuitton, Dior and Moët champagne reported bustling sales and strong revenue. Luxury Handbags Are Driving The NumbersDuring the period between January and June 2022, LVMH (LVMH) profit from recurring operations grew by 34% year on year to 10.24 billion euros ($10.38 b…

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