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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

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 cognac, said comparable sales growth reached 4 per cent in the three months to Sept 30, in line with analysts' expectations.

This compared with 3 per cent growth in the previous quarter and 6 per cent in the first three months...

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