Luxury sales boom for Louis Vuitton, Christian Dior, and Mercedes amid inflation crisis

Unstable markets and economic gloom prove to be no barrier for luxury goods

A luxury handbag sits in the window display of a Hermes International store on George IV avenue, in Paris.

The leap in sales reported by LVMH, the owner of Louis Vuitton, Christian Dior, and Hennessy, suggests that at least one segment of the economy remains immune to the crises assailing retailers — luxury goods.

Gyrating markets, surging inflation, and gathering economic gloom have proven no barrier to demand among the well-heeled for handbags, watches, jewellery, and cars. That’s evident in the 22% jump in sales of LVMH’s fashion and leather goods last quarter.