News

LVMH posts 26% sales growth for H1

30/07/2012

Luxury products group LVMH defied the economic downturn with 20% earnings growth during the first half of 2012.

The company posted a 26% sales rise for the six-month period, with revenues reaching EUR13 billion.

Watches and Jewellery were the star performers, with an 87% hike in profits; however, fashion and leathergoods sales also soared, driven by global demand for handbags such as the Fendi Baguette, and by the opening of the Maison Louis Vuitton in Rome.

To continue reading this story, please sign in or register.

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.