Luxury sees strong revenue growth but struggles in Europe

An overview of the growth in revenue of major luxury companies including Hermès, LVMH and Kering.

Some of the largest companies in the luxury category have seen a strong start to 2021 but European sales have dragged behind, according to the latest company reports.

Global revenue on an organic and constant exchange rate basis rose 44% for Hermès, 30% for LVMH and 26% for Kering year on year in Q1 2021. All three companies also saw revenue grow above 2019's levels.

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