Luxury's Patchwork Recovery LVMH, the parent company of Moët & Chandon and Louis Vuitton, has released its mid year sales report, which provides a snapshot of the luxury goods market still recovering from the pandemic.
The numbers reveal regional disparities and product specific anomalies that complicate the industry's overall picture.
The fashion and leather division, accounting for nearly half of LVMH's business, saw a 1% decline in organic growth in the first half of this year compared to the same period last year.