LVMH Sees Sales Surge on Luxury Market Resilience

LVMH has shown strong earnings despite inflation and raw material cost increases, with significant growth in its fashion, leather, wines, spirits, and jewelry divisions. The company faces challenges such as reduced traffic in China due to lockdowns, exchange rate fluctuations, and the emergence of a grey market. Despite these issues, LVMH maintains strong pricing power and remains optimistic about the future, though it acknowledges the need to stay vigilant against potential recession risks.

What was the percentage increase in organic revenues for LVMH's fashion and leather division?

• 15%

• 19%

• 30%

• 25%

Which division of LVMH includes brands like Hennessy and Dom Perignon?

• Cosmetics

• Fashion and Leather

• Watches and Jewelry

• Wines and Spirits

What is one of the main challenges LVMH faces in Asia?

• Lockdowns in China

• Competition from local brands

• Lack of online presence

• High import taxes

How has the low value of the yen and euro against the dollar affected LVMH?

• Decreased brand value

• Boosted online sales

• Created a grey market

• Increased production costs

What is LVMH's stance on the potential recession risk?

• They are indifferent

• They are optimistic but vigilant

• They are very pessimistic

• They are planning to cut costs