The world’s biggest luxury group, LVMH, enjoyed yet another year\u00a0of record revenues and profits despite the rising cost of living.<\/p>\n
Sales reached almost \u00a320 bn.\u00a0LVMH brands include Tiffany’s, Christian Dior, Sephora, Hennessey, Mo\u00ebt and designer label, Louis Vuitton whose revenue surpassed $21.7bn for the first time (BBC news<\/a>). It ensures chief executive, Bernard Arnault, remains the world\u2019s richest person.<\/p>\n While for us lesser mortals, the humble onion has become a luxury shopping item. The price of onions rose in the Philippines to more than the cost of most meat, and above the country’s daily minimum wage. The BBC reports<\/a> that Philippine custom officials are on a special look-out for onion smuggling.<\/p>\n","protected":false},"template":"","class_list":["post-239958","snippet","type-snippet","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet\/239958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/snippet"}],"about":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/types\/snippet"}],"wp:attachment":[{"href":"https:\/\/www.worldsocialism.org\/spgb\/wp-json\/wp\/v2\/media?parent=239958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}