Luxury Goods Still on the Rise - LVMH Announces Another Record Quarter
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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)
Excerpt Read More: msnbc.msn Via: news.agendainc
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