If reports are to be believed then European multinational luxury goods conglomerate LVMH is mulling to start a new digital platform to host all of its brands in May this year. It is believed that French luxury group will launch an e-commerce website called Le Bon Marché with an aim to capitalize on fast-growing online sales of luxury goods. Brands of competitors are also expected to be featured on its website.
It may be noted that LVMH recorded an unexpected revenue and profit in 2016 due to higher sales in US and Europe, coupled with a pick-up in demand in Asia region as well. It has recorded revenue of Euros 7.03 billion in 2016, registering an increase of 6 per cent over last year.
Also Read – LVMH records revenue growth in 2016
The Group, which employs over 83,000 people and operates about 2,400 stores worldwide, is prepared to continue growth in 2017 also.
