LVMH, the world’s largest luxury goods group, is riding the crest of the wave as luxury sales surge in leading markets.

The multinational has reported a revenue jump of 28 per cent for its first half 2022 to 36.7 billion euros (AUD$53.67 billion). An outstanding result that also produced a bumper profit of 10.2 billion euros (AUD$14.91 billion)

LVMH’s Perfumes and Cosmetics division performed strongly with a 20 per cent spike in revenues during the first half to 3.6 billion euros (AUD$5.26 billion).

Parfums Christian Dior led the charge in Europe and North America with key fragrances such as Sauvage, J’adore and Miss Dior driving growth.

Makeup was also a highlight with Make Up For Ever upping the ante with its new HD Skin Undetectable Foundation and Benefit Cosmetics enjoying a reboot in demand for beauty services.

Guerlain also delivered through its Abeille Royale skincare range and the Aqua Allegorica fragrance collection.

Sephora is a prime mover in LVMH’s Selective Retailing division, which saw revenues rise 22 per cent for the period. The return of in-store shopping in North America, France and the Middle East were the main drivers.

LVMH has enjoyed an excellent start to the year, to which all our business groups contributed, adds Bernard Arnault, Chairman and CEO of LVMH.

“It’s the creativity and quality of our products, the excellence of their distribution and the rich cultural heritage of our maisons, fueled by their history and know-how, that enable the group to excel around the world.”

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