LVMH fashion and leather Q2 sales beat forecasts

Paris

LVMH's fashion and leather division, its biggest in terms of profit and sales, beat forecasts on Tuesday with a 10 per cent rise in second-quarter sales driven by strong trading in Europe, Japan and the United States.

The performance, outpacing market estimates of 5-6 per cent, came a day after Kering's Gucci posted its strongest sales growth in nearly two years.

LVMH, the world's top luxury goods group, said profitability at its flagship Lou…