Why LVMH outperformed H&M amid a cost-of-living crisis
Inside Retail
JANUARY 31, 2023
H&M and LVMH target very different sectors of the fashion industry. The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its net profit declining by about 68 per cent. This, he explained, counts against fast fashion. “In
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