LVHM Have an Enviable Challenge?

LVHM, the world's largest luxury goods group, released a report, saying that profits in the first half of this year increased by 52.8 percentage points, and said July sales also maintained a good momentum of the first six months, revenues increased 16.5%.

These data speak for themselves. As the French luxury goods giant Bernard Arnault, president and CEO, said optimistically that they have full confidence in the second half. " Not only is the LVHM Group, other European luxury brands have outstanding performance, Hermès sales in the second quarter increased 27 percent. Burberry in the first quarter and an increase of 30.6%.

Even in the first half with outstanding performance, Bernard Arnault, and other luxury goods company executives, also have cautious attitude towards the global economy and think that it has uncertainty.

But he also said, "We have reason to believe the industry will continue to flourish." Meanwhile, he also said, "For some products, demand is higher than supply. We have to say that this is an enviable challenge. "