With A Whopping $17 Billion In Sales, LVMH’s First Quarter Revenues Increase 30% Over 2020

Luxury’s biggest names are continuing to bounce back from pandemic-induced slumps with gusto. Shortly after Rolls-Royce posted its best quarter ever, LVMH’s stock has risen to record highs thanks to surging sales in the US and Asia, as well as a strong performance in the fashion and leather goods category. The French conglomerate’s shares, which have soared around 20 percent since the start of 2021, were up by 2.7 percent in early session trading on Wednesday. This caused the stock of big-name luxury rivals Kering and Hermès to also spike. Read more at Robb Report.