The world’s well-heeled shoppers sent first-half revenue at luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE to a record high, brushing aside worries of a trade dispute between the U.S. and China to splurge on everything from handbags and jewelry to fine wines.
Revenue in the first six months of the year hit €21.8 billion ($25.5 billion), up 10% compared with the same period a year ago, LVMH said Tuesday. LVMH’s net profit jumped 41% to €3 billion.
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