LVMH Is Exporting More Designer Goods Than France Is Wine

LVMH's global sales of handbags and perfumes surpassed those of wine in France's agricultural sector last year, according to a new report by consultancy Asterès for LVMH released via the Financial Times.The gargantuan luxury conglomerate, which oversees industry-leading brands including Louis Vuitton, Dior, Celine and LOEWE, composed 4% of France's exports in 2023, while the country's international Camembert and wine sales made up just 3.2%. As the luxury sector remains vital to France's econom...