LVMH has reported another good year despite the pandemic.
On the back of an “in line” top-line performance, the operating profit was almost €1bn above consensus expectations. The group’s impressive profitability was mainly driven by the incredible resilience of the F&L division and outstanding profitability of the group’s major brands, notably, LV and Dior.
The enduring demand for the iconic products of LV and Dior has confirmed again that both brands are on their way to catching up with Hermè ....
27 Jan 2021
Handbags immunise LVMH
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Handbags immunise LVMH
LVMH Moet Hennessy Louis Vuitton SE (MC:PAR) | 0 0 0.0%
- Published:
27 Jan 2021 -
Author:
Jie Zhang -
Pages:
4
LVMH has reported another good year despite the pandemic.
On the back of an “in line” top-line performance, the operating profit was almost €1bn above consensus expectations. The group’s impressive profitability was mainly driven by the incredible resilience of the F&L division and outstanding profitability of the group’s major brands, notably, LV and Dior.
The enduring demand for the iconic products of LV and Dior has confirmed again that both brands are on their way to catching up with Hermè ....