The world’s largest luxury products group, LVMH, has announced a 7% increase in sales for the first nine months of 2004.

This increase has largely been attributed to a rise in spending on the part of tourists buying luxury goods, such as leather luggage and handbags. For the third quarter, with the 7% increase on the previous year, the group achieved sales of €8.754 million ($10.9 million).

 

 

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