LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €79.2 billion in 2022 and profit from recurring operations of €21.1 billion, both up 23%.
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Richemont has reported its third-quarter financial results, achieving an increase in group sales of 5% year-on-year at constant rates.
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Vietnam’s garment, textile and leather footwear sectors brought in US$71 billion in 2022, according to the latest information from the Vietnam Textile and Apparel Association (Vitas).
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Bangladesh achieved record export income in December 2022, while leather exports were up by 13% in the first half of the financial year.
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Global athleisure brand Nike has announced revenues of US$13.3 billion for its second quarter ending November 30. The figure is a 17% increase (27% on a currency neutral basis) on the same period a year earlier.
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Indian exports of leather, leather products and footwear for the period of April to October 2022 totalled US$3.23 billion, up 20.9% over 2021, according to the latest data from the Council for Leather Exports (CLE).
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The Nigerian federal government is reportedly concluding plans to establish a tannery in Daura, Katsina, to the tune of ₦350 million (US$777,355).
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Inditex has reported its financial results for the first nine months of 2022, achieving sales growth of 19% to €23.1 billion.
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U.S. beef exports have dropped in value in October 2022, according to the latest data released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).
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The leather industry in China has registered stable growth from January to October 2022, according to the latest information from the Ministry of Industry and Information Technology.
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