fbpx
Wednesday, October 20, 2021
No menu items!

Luxury giant LVMH says third quarter sales grew by 20%

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)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

USA launches bid for Rugby World Cup

USA Rugby formally launched it's bid to host the Men's Rugby World Cup in 2027 or 2031...

Bitcoin rallies to new all-time-high at 66.3k; 70k now targeted

Bitcoin hit a record high of $66,074 on Wednesday (October 20) a day after the first U.S. bitcoin futures-based exchange-traded fund began...

‘Espionage Book’, ‘Old People’s App’ – new corporate names suggested for Facebook

As reports emerged that Facebook is about to introduce a new corporate name, citizens from around the world offered on Wednesday (October...

Man shot dead in southeast Houston

HOUSTON - Police are investigating after a man was shot and killed in southeast Houston.  The incident was reported...

Burnt body found in north Houston

HOUSTON – Investigation has been initiated after Houston police found a burnt body in a ditch in north Houston Tuesday night. 

More Articles Like This