The world’s largest luxury group raked in a revenue of €19.76 billion, representing a growth of 19 per cent compared to the same period in 2021.
Overall, the group’s half-year performance saw it achieved a 28 per cent growth amounting to €36.7 billion.
Despite the potential of Asia as a major market for the conglomerate, LVMH is not putting all of its eggs in a single basket.
The group revealed that all its business groups achieved double-digit growth amidst global uncertainties.
3D printing has been around since the 80s but it is only in recent times that this technology has slowly become more commonly used in the luxury sector. Should these luxury brands be fearful of 3D printing or should they embrace it and create a new form of partnership?
If a deal were to be brokered, this M&A would be one of the largest in the apparel industry.