Andrea Felsted, Columnist

LVMH Is Well Dressed for Our Inflationary Times

The ravages of inflation are bound to catch up with even the biggest spenders. But the bling behemoth is among the best placed to handle a luxury slowdown.

July 27, 2022 at 9:17 AM UTC

By Andrea Felsted

Andrea Felsted is a Bloomberg Opinion columnist covering consumer goods and the retail industry. Previously, she was a reporter for the Financial Times.

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LVMH Moet Hennessy Louis Vuitton SE hasn’t been immune from lockdowns in China damaging luxury sales. But it is best positioned among bling retailers to navigate what may be a bumpy recovery in the region, as well as growing pressures from soaring inflation and gyrating stock markets in the US.

LVMH’s organic sales — excluding currency movements and merger and acquisition activity — rose 19% in the second quarter, well ahead of the consensus of analysts’ expectations for a 13.5% gain.