Louis Vuitton’s parent has luxury goods revenue in the bag
Chinese are still in love with LVHM, and more buying on the mainland makes up for Hong Kong blues
10 October 2019 - 09:47
Paris — LVMH bucked concerns about the impact of protests in Hong Kong on sales of luxury goods to the key Chinese consumer market, throwing down a gauntlet to rivals with faster-than-expected revenue growth.
Third-quarter sales of fashion and leather goods rose 19% as the Paris-based company that’s seen as a bellwether for the wider luxury sector flagged “remarkable” performances at Louis Vuitton and Christian Dior. Analysts had predicted a 15% gain on a comparable basis...
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