News
« Specialty Retailers Report Big Drops In Sept. | | Big Box Retailers Return To New Orleans »
October 10, 2008
Hangbags, Accessories Boost LVMH's 3Q Results
LVMH Moët Hennessy Louis Vuitton’s third quarter revenues rose 4.5% to nearly $18 billion. The French luxury brand said that it saw strong growth in handbags, including its Damier Graphite and Monogram lines.
Sales of fashion and leather goods increased by 5% in the first 9 months of the year, while perfumes and cosmetics grew by 6%.
Jewelry and watches showed the strongest growth, with sales up by 11% in the period. LVMH said that its De Beers unit saw the highest revenue growth of all its holdings, even in the U.S.
Posted by Blacks on October 10, 2008 09:45 AM
