Luxury group LVMH posts record annual sales of $59 billion

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Luxury group LVMH posts record annual sales of $59 billion
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French luxury goods giant LVMH says it will strive to stretch its lead in the global market this year after it posted record sales worth more than $55 billion in 2019

LVMH Chairman and Chief Executive, Bernard Arnault, addresses the presentation of the group's 2019 results at LVMH headquarters in Paris, on January 28, 2020.

LVMH, the world's biggest luxury retailer, added that its net profit had jumped by 13 per cent from 2018 to $7.89 billion .

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