According to Bernard Arnault of LVMH, the annual report shows that the company is still popular in China: Bernard Arnault of LVMH is still popular in China.

However, the year saw the operating profit and net profit decline as the year came to an end.

According to the fashion and leather goods department and jewelry and watches group, respectively, the yoy decrease saw a 3% decrease, while the jewelry and watches chain saw a significant decline of 11% yoy, while the jewelry and fragrance saw a 2% decline.

The european market is also growing with a 3% increase in organic income in q4, and 2% in 2024, while japan increased 28%.

During 2024, lvmh's fashion and leather goods division was "stable" in china, with mot hennessy's ceo, but not lvmh's cfo for most of last year.

Meanwhile, founder and president jacques guiony, the ceo of mot hennessy but lvmh's cfo for the majority of last year, was optimistic, with h2 up in q4. arnault, the chinese government has already revealed some initiatives to support economic development, but most importantly, lvmh products are still popular in china, and arnault is optimistic about a return to normal within two years.

These results show that china remains a key market for the company, both in terms of products and services, after the effects of the pandemic and a property crisis was announced late last year to be in china by the luxury company's private equity branch.

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