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Financial services

French, Asian luxury companies average double-digit sales growth: Deloitte

April 17, 2019

Louis Vuitton Women Spring Summer 2019 LVMH sales grew more than 17 percent in fiscal year 2017. Image credit: Louis Vuitton

 

By Sarah Ramirez

Ten of the world’s leading luxury companies accounted for almost half of global luxury goods spending in the last fiscal year, as the overall industry grew more than 10 percent despite slowing economies in China, the United States and Europe.

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  1. Louis Vuitton introduces Visionary Journeys Seoul
  2. Exclusive Resorts purchases Inspirato for $59M
  3. Estée Lauder Cos., Jo Malone launch AI scent advisor
  4. Dior builds five-story statement flagship in Beijing
  5. Kering to acquire jewelry manufacturer Raselli Franco Group
  6. WatchBox looks for growth in editorial integration
  7. In conversation with Hong Kong property and hotel mogul Adrian Cheng
  8. Burberry bans exotic skins
  9. Bulgari names Chinese actress Liu Yifei as newest global ambassador
  10. Savannah College of Art and Design debuts SCAD LUXE research center
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