Beauty

On Thursday, LVMH shared in its 2023 year-end earnings report that selective retailing, the business unit that houses Sephora, posted a year-over-year revenue increase of 25%, to $19.4 billion, ahead of the luxury conglomerate’s four other units. Behind selective retailing was fashion & luxury goods, with a 14% year-over-year gain, and then perfumes & cosmetics, with an 11% year-over-year gain.