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International Business Times
International Business Times
Business
AFP News

LVMH Posts Record Sales And Profit In 2023

LVMH Bernard Arnault Luxury
LVMH chief executive Bernard Arnault -- pictured here last year -- said the exceptional appeal of the French luxury group's brands helped it to post record sales and profits in 2023 (Credit: AFP)

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank.

The Paris-based conglomerate's sales for all of 2023 rose 9 percent to 86.2 billion euros ($94 billion) and net profit climbed 8 percent to 15.2 billion euros -- both records.

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