LVMH’s Q1 revenue up 16 per cent

French multinational luxury goods conglomerate LVMH Moët Hennessy has recorded a 16 per cent year-on-year increase in revenue in the first quarter of 2015 to €8.3 billion. According to an LVMH statement, organic revenue growth was 3 per cent compared to the same period in 2014. The fashion and leather goods business group grew 13 per cent overall while organic growth was 1 per cent. The brand operates over 2,400 stores worldwide.