China stands out in tough LVMH first half year

China proved a standout market in every product category for luxury-goods retail group LVMH in the first half year. While sales in Europe and the Americas suffered from long drawn-out disruption due to Covid-19, there were signs of a recovery in Mainland China. LVMH group sales fell by 27 per cent to €18.4 billion during the half and by 38 per cent in the second quarter.  “Asia has seen a marked improvement in trends, with a strong rebound in China in particular,” the company noted in

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