Why LVMH outperformed H&M amid a cost-of-living crisis
Inside Retail
JANUARY 31, 2023
The group – which includes subsidiaries Louis Vuitton, Dior, Tiffany & Co, Sephora and Tag Heuer – realised a 23 per cent increase in its revenue and profit from recurring operations. While both groups left the Russian market, H&M attributed this – as well as rising costs – as significant factors in its earnings slump.
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