LVMH’s revenues returned to growth in the third quarter, in an early signal that pressures on the luxury sector may be easing as the Chinese market stabilises.
Revenues at the €267bn group controlled by French billionaire Bernard Arnault were up 1 per cent in the quarter to €18.3bn, ahead of Visible Alpha expectations, after two quarters of decline.
The luxury leader’s fashion and leather goods division — its biggest by sales and profits — reported an organic sales decline of 2 per cent to €8.5bn in the third quarter.
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