Bernard Arnault sees record 2019 but is only 'cautiously confident' about 2020
AFP via Getty Images: Luxury titan LVMH reported record sales in 2019 fueled by strong demand for its fashion and leather goods, but is only “cautiously confident” about the year ahead amid political unrest in Hong Kong that has dented luxury sales in the region.$60 billion in sales last year .
Sales were powered by strong growth in Europe, the U.S. and Asia, despite headwinds from Hong Kong’s ongoing protests and a hike in sales tax in Japan in the fourth quarter. Louis Vuitton, the group’s jewel in the crown, saw “exceptional growth,” thanks to expanded product lines, including in shoes and its famously monogrammed handbags.
LVMH made a number of impressive acquisitions in 2019, including storied American jeweller Tiffany & Co for
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shawn Mendes Walks 2020 Grammys Red Carpet Without Camila Cabello in Sharp Louis Vuitton SuitShawn Mendes and Camila Cabello are nominated for best pop duo/group performance for their sexy single, “Señorita'
Read more »
Louis Vuitton Pre Fall Is an '80s Horror Buff’s Dream | V Magazine😱 LouisVuitton Pre Fall Is An '80S Horror Buff’s Dream | BillieLourd, ChloëGraceMoretz, JadenSmith, SophieTurner, and EmmaRoberts send shivers down the spine on the faux movie posters and book covers that bring the campaign to life | V:
Read more »
Louis Vuitton Is Opening Its First-Ever Café and Restaurant.LouisVuitton is putting on its chef hat.
Read more »
Tokyo 2020 to power Olympic torch with hydrogen for first timeHydrogen will be used for the first time to power the Olympic torch during its journey through Japan, as part of Tokyo 2020’s efforts to hold an environmentally friendly Games
Read more »
Meet Canada’s Best Employers 2020Canadians have been enjoying a strong job market of late, with the unemployment rate hovering at 5.6%. While good news for employees, this environment has tested employers, challenging them to do more to attract and retain top talent. As always, some firms are outpacing the competition.
Read more »