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LVMH posts improved Q3 sales growth

Like-for-like sales growth at fashion and leather division - its biggest - reached 3% in nine months to Sept 30
Thursday, October 16, 2014 - 05:50

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LVMH, which owns leather goods maker Louis Vuitton and Hennessy cognac, said comparable sales growth reached 4% in the three months to Sept 30, in line with analysts' expectations.

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Like-for-like watch and jewellery sales rose 5%, helped by strong trading at Bulgari, LVMH said.

Paris

LVMH, the world's biggest luxury group, posted improved sales growth for the third quarter on Tuesday as stronger trading in Europe and the United States helped make up for weakness in Asia.

The Paris-based group, which owns leather goods maker Louis Vuitton and Hennessy

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