Leathergoods contribute to strong quarter for LVMH
11/10/2016
This represents an acceleration of the group’s sales growth compared to the first half of the year. It was led by “significant improvement” in Asia, while sales in the US and Europe were strong.
Its fashion and leathergoods division performed well in the quarter, achieving 5% growth in revenue to €3.1 billion. So far this year, the segment has brought in revenue of just under €9 billion, a 2% increase year-on-year. This has been led by “good growth” at the Céline, Loewe and Kenzo brands.
For the first nine months of 2016, LVMH’s revenue is up 5% to €26.3 billion.
(Image credit: Sorbis/Shutterstock)
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