The luxury sector is resilient. In the first quarter of 2023, major players in the field like LVHM, Hermès and Kering have beaten analysts? expectations and achieved significant growth. In particular, LVMH, the parent owner of Louis Vuitton, Christian Dior and Tiffany & Co., is now Europe?s most valuable company at US$500 billion. What this means is that despite mounting inflationary pressures and economic uncertainty, the demand for luxury goods still remains high. 

Extending beyond personal luxury goods like fashion, beauty and accessories, the sector for luxury cars is also seeing positive growth. Car makers like Lamborghini, Bentley, Porsche and Ferrari have posted double-digit growth for their respective first quarters. Leading the pack is Lamborghini with 46.1 per cent which amounted to ?260 million. The Italian marque also mentioned that this was its best first-quarter result ever. 
READ MORE: Strength to Strength: LVMH Bulls Through Q1 2023

Stephan Winkelmann, the Chairman and CEO of Lamborghini said: ?2023 will go down in Lamborghini as a landmark period in our history, and starting off our anniversary year with these figures can only make us proud. These results will allow us to tackle the upcoming challenges with increased enthusiasm. These include the start of the second stage of the ?Direzione Cor Tauri? program, the most important investment plan in the company?s history, which will help Lamborghini to grow and develop even further.?
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