Louis Vuitton has doubled its earnings for 2017.
LVMH has increased double digit earnings do in part to the collaboration with Supreme streetwear at the end of the quarter. The luxury retailer has amassed a 23% profit increase posting $22 billion worth of revenue for half of 2017 alone. Sales were considerably low in Asia and France last year due to a dawdling tourism market partially contributed to the Paris attacks, according to Fashionista. Given the success of the collaboration, we can rest assure that future LVMH collaborations are in store.