The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — LVMH eased fears that an economic slowdown in China would hit sales of luxury items, reporting accelerating global demand for the French conglomerate's fashion and leather goods.
Fourth-quarter sales rose 9 percent on an organic basis, the maker of Louis Vuitton bags and Dom Perignon Champagne said Tuesday after Paris markets closed. Analysts had predicted 8.7 percent growth.
Meanwhile, wine and spirits division saw "good momentum" in China and growth in Europe, US, despite supply constraints.
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By Robert Williams; editors: Eric Pfanner, John J. Edwards III and John Lauerman.
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