PARIS, June 16 (Reuters) – LVMH (LVMH.PA) chairman and CEO Bernard Arnault stated on Thursday the French luxurious items big was on a “superb monitor” concerning its efficiency for the primary six months of the yr.
“I’m optimistic, you will notice the numbers,” Arnault advised reporters throughout a tech occasion in Paris, referring to his group which owns labels Louis Vuitton and Dior.
Arnault stated he was optimistic central banks in the US and Europe might gradual inflation with out triggering a recession, noting “the worldwide financial system is at a turning level.”
The luxurious trade began the yr strongly, using a wave of demand for top finish items from shoppers desirous to spend cash saved throughout the pandemic as socialising resumed.
However latest lockdowns in China, a key progress driver for European luxurious homes, have prompted concern that demand for top finish trend and equipment might gradual.
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Reporting by Mimosa Spencer; Writing by Benoit Van Overstraeten; Enhancing by Sudip Kar-Gupta and Mark Potter
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