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French luxury group LVMH reported its 2023 rise in group share net profit was €15.2 billion ($16.5 billion), up 8% from last year. Profit from recurring operations was €22.8 billion, an increase of 8%. For 2023, revenue was €86.2 billion, an organic growth of 13% from previous year. The company said all business groups reported strong organic revenue growth, with the exception of wines & spirits, which was faced with a high basis of comparison and high inventory levels. In the fourth quarter, organic revenue growth was 10%. At the shareholders’ meeting on April 18, LVMH will propose a dividend…

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