LVMH shares jump over 12% as earnings point to luxury sector resilience
Publishing timestamp: 2024-01-26 11:56:08
Summary
LVMH, the owner of luxury brands such as Louis Vuitton and Hennessy, reported higher-than-expected sales for 2023, leading to a jump in their stock price. Despite challenges in the luxury sector, LVMH remains confident and sees opportunities for growth, including their partnership with the Paris 2024 Olympics.
Sentiment: POSITIVE
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