LVMH enjoys surprise rebound in luxury sales
The upbeat report from the world’s largest luxury company offers a glimmer of hope for others in the sector, including Hermes, says analyst
15 October 2020 - 19:44
Paris — LVMH, the owner of Louis Vuitton, enjoyed an unexpected rebound in consumers’ appetite for dresses and bags, buoying third-quarter sales.
Organic revenue at LVMH’s fashion and leather goods unit jumped 12% in the third quarter as the world’s largest luxury company cited strong sales of items such as Christian Dior’s $3,000 Bobby bags. Analysts expected a 0.9% decline...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.