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Louis Vuitton, Dior Sales Jump, Defying War and China Gloom

  • CFO confident in authorities’ ability to contain the virus
  • Wines, spirits failed to grow at double digits on supply curbs
A Louis Vuitton store on the Champs-Elysees in Paris, France, on April 7.

A Louis Vuitton store on the Champs-Elysees in Paris, France, on April 7.

Photographer: Anita Pouchard Serra/Bloomberg
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LVMH SE posted strong revenue growth as the world’s largest seller of luxury goods defied disruptions from the war in Ukraine and the resurgence of Covid-19 in China, a potential harbinger for the rest of the industry.

First-quarter sales advanced 23% on an organic basis to 18 billion euros ($19.5 billion), led by LVMH’s biggest unit, fashion and leather goods, the Paris-based company said late Tuesday. Analysts had expected a gain of 17%.