LVMH and H&M earnings show luxury goods can weather more storms than fast fashion
The earnings of one of the world’s most valuable luxury groups marked a stark contrast to the earnings of one of the world’s largest fast fashion retailers. French multinational LVMH, which owns brands like Tiffany’s, Christian Dior, Sephora, and Moët, had a “record year” in 2022, it said in a press release yesterday (Jan. 26). …
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