Luxury Goods Still on the Rise Edit

LVMH Announces Another Record Quarter
3,439 Views - Click for Larger Image

LVMH, the maker of Louis Vuitton handbags and Hennessy cognac, assuaged fears of a slowdown in conspicuous consumption on Tuesday when it announced another six months of double-digit sales growth.

The French group, the world’s biggest manufacturer of luxury goods, said that sales rose 13 per cent to €7bn in the first half of the year following “market share gains across all brands”. (THE FINANCIAL TIMES, UK)