Luxury Bags Are Selling Really Well

When inflation hits, some switch to generic variations of meals and dial down the thermostat while other people stock up on luxury purses when the greenback is better than the euro.

For two quarters in a row, the father or mother enterprise powering brands like Louis Vuitton, Dior and Moët champagne claimed bustling sales and sturdy revenue.

Luxurious Purses Are Driving The Numbers

Through the period among January and June 2022, LVMH  (LVMH)  profit from recurring functions grew by 34% yr on year to 10.24 billion euros ($10.38 billion) even though a collective polling of FactSet analysts predicted only 9.57 billion euros ($9.69 billion) for the Paris-based mostly luxurious huge.

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