Forbes magazine revealed that Bernard Arnault, General Manager of Moet Hennessy Louis Vuitton, which specializes in the production of luxury luxury goods, has increased by 8 billion dollars in just a week..
The emerging corona virus epidemic has caused dire and devastating consequences in the global luxury goods market, but last week, the “Louis Vuitton” group reported that there were signs of recovery in the field..
From 15 to 22 October, the company’s shares increased by 6%. As a result, Bernard Arnault’s fortune grew in a week by $ 8 billion, to $ 122 billion.
Forbes noted, however, that these changes do not mean that the company’s condition has changed for the better. Louis Vuitton, which owns brands such as Bulgari And Guerlian And Dom Perignon, For a profit decline of 21% in the first nine months of 2020. Revenue from the sale of cosmetics, beverages, jewelry and retail sales in the third quarter was lower than the same period last year. However, profits from the sale of leather goods and clothing rose by 12%, thanks in large part to strong sales for both Louis Vuitton And Dior.
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