LVMH Iberia, the main subsidiary of the French luxury giant in the Spanish market, is expected to close 2024 with sales growth of 7% and turnover close to 600 million euros.
The company claims that its turnover has grown in double digits in the first half of the year despite noticing a slowdown in the second half.
The LVMH subsidiary closed last year with sales with a final value of 541.8 million euros, 24% more than a year earlier, according to its accounts filed with the Companies Registry and which have been accessed by the newspaper Expansión.
Despite the fact that the division that has contributed most in revenue has been fashion, bags and accessories, with more than 363 million, followed by perfumes, with 123 million and make-up, with 54 million. All of them have registered double-digit growth.