FRANCE: LVMH H1 Sales Up, Good Growth In All Areas
Luxury goods giant LVMH Moet Hennessy Louis Vuitton has reported a 10 per cent rise in first-half sales to €6.17billion, on good growth in all business sections.
This marks an improvement from the €5.61n posted this time last year, also beating the €6.1bn market forecast.
First-half same-store sales grew 12 per cent, with fashion and leather goods reporting a same-store increase of 12 per cent to €2.20bn.
LVMH said that Asia and Europe saw strong sales growth, with the US also continuing to see good performance.
The company said: "Over the second half, LVMH will focus on developing market share for its leading brands and on a series of new product launches".
LVMH Moet Hennessy Louis Vuitton is the world's leading luxury goods group, with fashion and leather brands including Louis Vuitton, Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti and StefanoBi.
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