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 is the significance of LVMH's acquisition of Tiffany?

What are the long-term recession risks mentioned in relation to LVMH?