LVMH Sales Rise 5.5% in Q4 as Fashion Division Maintains Momentum

PARIS — LVMH Moët Hennessy Louis Vuitton said organic sales for its key fashion and leather goods division rose 9 percent in the fourth quarter, in line with market expectations, confirming a normalization of growth rates even as the world’s biggest luxury group reported record full-year revenues for 2023. In results reported after the market close on Thursday, LVMH said overall group sales rose 5.5 percent at actual exchange rates to 23.95 billion euros in the fourth quarter, following a 1 percent increase in the previous three months. This represented a rise of 10 percent on a like-for-like basis, up from the 9 percent recorded in the third quarter, and above a consensus forecast for 8.6 percent growth, according to…