The company explained that in the Asia region, its revenues remained stable over the past year, amid the ongoing health situation in China.
“Our performance in 2022 illustrates the exceptional appeal of our maisons and their ability to create desire during a year affected by economic and geopolitical challenges,” said Bernard Arnault, Chairman and CEO of LVMH.
“We approach 2023 with confidence but remain vigilant due to current uncertainties. We count on the desirability of our maisons and the agility of our teams to further strengthen our leadership in the global luxury market and support France’s prestige throughout the world,” concluded Arnault.
