LVMH sales for the first semester grew to $44 billion (€38.6 billion) with an accelerated growth in the second quarter of 3%. Despite a fragile luxury sector, the group experienced strong growth in various segments, including its watches and jewelry division, selective distribution (which includes specialty retailer Sephora and French department store Le Bon Marché), and fashion and leather goods segment. A clear slowdown was visible in Europe, with the U.S. and Asia lifting the group’s sales overall. Net profit remained stable at $6.5 billion (€5.697 billion) despite an unfavorable exchange rate effect of 700 million euros.

An Encouraging Path For Fashion And Leather Goods

For the first time in seven quarters, the fashion and leather goods division of the group returned to growth with sales up 1% in Q2. Although modest, this marks a possible shift for the group as Dior, lifted by its head designer Jonathan Anderson, is........

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