LVMH, the leading French luxury goods group, has had an impressive third quarter amidst all the protests going on in Hong Kong.
19 per cent increase in sales of fashion and leathergoods is quite a big number!
The fashion group has cited its Christian Dior and Louis Vuitton brands as chiefly instrumental in this sales increase.
The growth is contrary to analysts’prediction of 15 per cent.
The strong performance of LVMH puts to rest all the fears about the impact of Hong Kong disruptions.
Notably, shares of the French Group too increased by as much as 5.5 per cent in Paris yesterday (10 October), its best performance since January, and are up by 45 per cent this year.
Though LVMH saw its sales in Hong Kong fall by 40 per cent in August and September, the company, reportedly, hopes to recover its business eventually.
