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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Asian rebound helps push LVMH first quarter revenue beyond €20 billion

LVMH Bernard Arnault Asia United States Sephora

Revenue at luxury fashion and alcohol conglomerate Moët Hennessy Louis Vuitton (LVMH) jumped by 17% to €21.04 billion in the first quarter of 2023 as the end of Covid-19 restrictions in Asia led to a rebound in demand.

Long lockdowns had led to a decline in revenue from wealthy Asian customers, but the company said it saw a “significant rebound” in Asia in Q1. Revenue in Japan jumped by 34%, while in the rest of Asia it was up by 14%.

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