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LVMH’s Profits Jumped 25 Percent So Far This Year

By , the Cut’s financial-advice columnist.  In addition to “My Two Cents,” she writes about work and parenting for the site. Previously, she was the senior features editor at Harper's Bazaar and a senior editor at the Cut. She was also the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other places.
Bling.
Bling. Photo: Chelsea Lauren/2011 Chelsea Lauren

As expected, they posted a 13 percent increase in revenues over the same six-month time period last year, but they’ve enjoyed a 25 percent increase in overall profits. In other words, rich folks are shopping more in 2011. [WWD]

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LVMH’s Profits Jumped 25 Percent So Far This Year