LVMH sales far better than expected despite Hong Kong


PARIS, Oct. 9 (Reuters) – LVMH reported Wednesday a much better sales growth than expected in the third quarter despite the unstable climate prevailing in Hong Kong where many brands have closed their outlets.

Sales of the world's leading sector, owner of 70 brands including Louis Vuitton, Dior, Bulgari and Sephora, reached 13.3 billion euros from July to September, a growth of 17%.

Excluding foreign exchange and like-for-like effects, sales growth was 11%. Analysts expected average growth of close to 9% in sales on a like-for-like basis. (Sarah White, Nicolas Delame for French service, edited by Jean-Michel Belot)

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