LVMH's Maisons Exported More Luxury Goods Than France Did Wine in 2023 [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
Exports from LVMH, the French luxury conglomerate, outperformed those of wine and some cheese last year, Hypebeast reported on Monday. That's according to a report by Astères for LVMH, released by the Financial Times . The consultancy found that LVMH accounted for 4 percent of France's exports in 2023, while Camembert and wine collectively made up just 3.2 percent. More from Robb Report Here's What Goes Into Making Jay-Z's $1,200 Champagne The 3 Most Exciting Places to Drink Wine in Istanbul This 17th-Century Château in France Can Now Be Yours for $13.5 Million “Our performance in 2023 illustrates the exceptional appeal of our maisons and their ability to spark desire, despite a year affected by economic and geopolitical challenges,” Bernard Arnault, the chairman and CEO of LVMH, said in a statement earlier this year. “We achieved pretty sustained growth in Europe, Japan, and the rest of Asia last year, but a bit less strong in the U.S. due to the economic situation, which
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