LVMH On ‘A Very Good Track’ For First Half, CEO Says

PARIS, France – LVMH chairman and CEO Bernard Arnauld said on Thursday the French luxury goods giant was a ‘very good track’ regarding its performance for the first six months of the year. ‘I am optimistic, you will see the numbers’, Arnault told reporters during a tech event in Paris, referring to his group which … More LVMH On ‘A Very Good Track’ For First Half, CEO Says

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French Luxury Goods Groups Shares Hit By Weak Chinese Data

PARIS, France – Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French goods company Hermes also fel 1.2 percent. … More French Luxury Goods Groups Shares Hit By Weak Chinese Data

Luxury Giant LVMH’s Third – Quarter Sales Up By 20%

PARIS, France – Sales at French luxury group LVMH’s fashion and leather good division rose strongly in the third quarter even though overall revenue growth in Asia and the United States from their stellar first – half performance. LVMH, whose luxury products span Moet & Chandon champagne and Bulgari timepieces, said on Tuesday the popularity … More Luxury Giant LVMH’s Third – Quarter Sales Up By 20%