Louis Vuitton owner LVMH on Tuesday posted a 10 percent rise in comparable sales in the third quarter, in line with forecasts and setting an encouraging tone for luxury companies sensitive to any wavering in Chinese demand.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The world`s biggest luxury goods group, also home to fashion brand Christian Dior and cognac label Hennessy, said revenue in the July to September period came in at 11.4 billion euros ($13.09 billion), also up 10 percent on a reported basis.

LVMH, along with Paris-based rival Kering, is one of the industry players that has best profited so far from a two-year-old sector recovery powered by appetite from Chinese consumers. ($1 = 0.8708 euros)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)