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Sales Jump at LVMH

Gains helped along by results in Asia, Europe and North America.

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By: TOM BRANNA

Editor

Who says that luxury is dead in the new consumer’s mind? LVMH Moët Hennessy Louis Vuitton said revenue for the nine months jumped 19% to$18.74 billion, thanks to strong momentum in Asia, Europe and America.

Overall sales rose 14% in organic terms, the luxury group reported. The perfume and cosmetics division reported a 14% gain through three quarters. The division’s organic growth was 10%.

“The excellent performance of LVMH in the first nine months of the year has confirmed its confidence for 2010. The group will continue its proactive strategy focused on innovation and targeted geographical expansion in the most promising markets,” LVMH said in a statement.

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