LVMH has notched its strongest quarter of the year

Endaba Group

LVMH Moët Hennessy Louis Vuitton revenues increased 6%! LVMH has notched its strongest quarter of the year, with organic sales climbing to €9.12bn, and revenue in the fashion and leather goods division up 5% to €2.94bn. The results were fueled by a “significant improvement” in Asia, and solid performances in the U.S. and Europe, with the exception of France, which continues to suffer from a downturn in tourism. During the period, LVMH launched the Louis Vuitton perfumes, which have made a “very promising” start although watches and jewelry were not as successful, with growth slowing to 2% from 4% in the first half.