Record for LVMH in 2016

LVMH, the French luxury group, has announced a record revenue of €37.6bn and growth of 5% and stated that the US and European markets remained “on a good track”.

In particular, revenues from wine and spirits rose to €4.8bn in 2016 (compared to €4.6bn in 2015) – a 5% increase in other words. Meanwhile, profits rose 10% between 2015 and 2016, up from €1.3bn to €1.5bn.

LVMH said that the US and China markets showed a “rebound” in 2016.