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27 Feb 24 7 min read
Insights
- In FY23, luxury brands saw varied performance.
- Hermes reported full-year sales rise of 21 per cent, reaching €13.4 billion, and net profit rising 28 per cent to €4.3 billion.
- Hugo Boss achieved record sales of €4.2 billion, up 18 per cent.
- LVMH recorded €86.2 billion revenue, up 13 per cent.
- However, Kering's revenue declined 4 per cent to €19.6 billion.
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