25 Jul 2024 --- LVMH recorded revenue of €41.7 billion (US$45.2 billion) with a 14% slump in net profit in the first half of 2024. Its second quarter saw revenue growth of 1% and a 14% sales drop in Asia, mainly including China and excluding Japan. However, its beauty and Sephora businesses showed favorable performances. The Perfumes & Cosmetics business group recorded organic revenue growth of 6% in the first half of 2024 due to its flagship lines, momentum and a selective distribution policy.
