Luxury giant LVMH says third quarter sales grew by 20%

Record ID: 1641223

  • Title: Luxury giant LVMH says third quarter sales grew by 20%
  • Date: 12th October 2021
  • Summary: WASHINGTON, D.C., UNITED STATES (SEPTEMBER 12, 2016) (REUTERS) ATRIUM OF HOTEL WITH BAR AREA IN BACKGROUND BAR INSIDE TRUMP HOTEL BARTENDER WASHINGTON, D.C., UNITED STATES (OCTOBER 8, 2016) (REUTERS) EXTERIOR OF TRUMP INTERNATIONAL HOTEL SIGN OUTSIDE HOTEL WITH COUPLE WALKING PAST AND TAKING PHOTO SIDE ENTRANCE TO HOTEL U.S. CAPITOL BUILDING SEEN FROM PENNSYLVANIA AVENUE U
  • Embargoed: 26th October 2021 16:52
  • Keywords: Fenty LVMH Louis Vuitton Moet Hennessy Louis Vuitton Tiffany results
  • Location: PARIS AND BEAULIEU-SUR-LAYON, FRANCE / BEIJING, CHINA / NEW YORK, NEW YORK, UNITED STATES
  • City: PARIS AND BEAULIEU-SUR-LAYON, FRANCE / BEIJING, CHINA / NEW YORK, NEW YORK, UNITED STATES
  • Country: Various
  • Topics: Company News Markets,Economic Events
  • Reuters ID: LVA003EYURVYL
  • Aspect Ratio: 16:9
  • Story Text: Sales at French luxury giant LVMH grew by 20% in the third quarter, fuelled by appetite for high-end fashion from consumers eager to splash out following months of pandemic lockdowns.
    LVMH, which sells a range of luxury products spanning Moët & Chandon champagne and Bulgari timepieces, said on Tuesday (October 12) like-for-like sales, stripping out the effect of foreign exchange fluctuations, rose to 15.51 billion euros ($17.90 billion) in the three months to September.
    Growth was roughly in line with an analyst consensus forecast for a 21% rise cited by Barclays, after a stellar second quarter which saw revenues surge by 84%.
    (Production: Marissa Davison)
  • Copyright Holder: FILE REUTERS (CAN SELL)
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