Luxury giant LVMH released its second-quarter and first-half 2024 financial report on Tuesday, posting 2% YoY organic revenue growth in the first half of the year to 41.7 billion euros ($45.6 billion), despite ongoing geopolitical and economic uncertainties. By segment, the group’s retail business posted 8% organic growth, fashion and leather goods grew by 1%, perfumes and cosmetics increased by 6%, while watches and jewelry experienced a 3% organic decline, and wines and spirits saw a 9% organic decline.