, Columnist
Lockdowns Fueled a Splurge on Rolex Watches and Dior Handbags
Demand for expensive goods bounced back once the affluent could leave their homes.
We’re back.
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Think lockdowns are bad for luxury? Think again.
Sales at LVMH Moet Hennessy Louis Vuitton SE’s fashion and leather goods division rose 12%, excluding currency movements, in its third quarter — not far off the levels it was achieving before the pandemic struck. The Bloomberg consensus of analysts’ expectations for the period was for a 0.9% decline.