Fashion

In its earnings call on October 12, LVMH chief financial officer Jean Jacques Guiony spoke about Tiffany’s successful growth under its new owner and reported that the company's luxury fashion brands are performing very well across the board. LVMH acquired Tiffany & Co. in January this year. Across fashion and leather goods, growth from organic revenue came to 38% versus 2019. In July, LVMH revealed a 56% jump in revenues to €28.7 billion ($33.1 billion) for the first half of the year. While the Q3 growth is smaller, it highlights the conglomerate's continued success.