LVMH's Sales Climb 10% in Q4 2023

LVMH, the mammoth luxury conglomerate that oversees industry-leading brands including Louis Vuitton, Dior, Celine and LOEWE, exceeded analysts' expectations in the fourth-quarter of last year, reporting organic revenue growth of 10%. The average estimate among forecasters was 8%, per Business of Fashion.The company's full-year operating profit climbed by 8% to reach €22.8 billion EUR ($24.7 billion USD). LVMH experienced the highest growth in its selective retailing division, which houses labe...