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LVMH’s fashion and leather goods sector hints at recovery in Q3 2020 results

Louis Vuitton's cruise 2021 collection is playful in its presentation on Instagram, which substituted for a live runway presentation as travel restrictions persist for fashion industry executives. Image courtesy of Louis Vuitton Louis Vuitton's cruise 2021 collection. Image courtesy of Louis Vuitton

 

French luxury conglomerate LVMH Moët Hennessy has recorded revenue of 30.3 billion euro, or $35.5 billion at current exchange, in the first nine months of 2020 — down 21 percent on an organic basis from its record revenue in 2019.