PARIS: Sales at the world's top luxury group LVMH rose by 17 per cent in the second quarter, with a sharp rebound in China helping to offset a decline in the United States, where inflation and economic turbulence have dented demand for high-end goods.
The 17 per cent increase at constant exchange rates was a touch better than analyst expectations for 16 per cent growth, according to a Visible Alpha consensus. "The global mood is not one of revenge buying like we saw in 2021 and 2022, so we're talking more about normalisation than anything else," Guiony said.
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