© Reuters. FILE PHOTO: Shoppers, carrying protecting face masks, queue in line in entrance of a Louis Vuitton store contained in the division retailer Le Printemps Haussmann in Paris following the outbreak of the coronavirus illness (COVID-19) in France, Could 28, 2020. REUTERS/Go
PARIS (Reuters) – Gross sales at French luxurious big LVMH grew by 20% within the third quarter, fuelled by urge for food for high-end trend from shoppers desperate to splash out following months of pandemic lockdowns.
LVMH, which sells a spread of luxurious merchandise spanning Moët & Chandon champagne and Bulgari timepieces, stated on Tuesday like-for-like gross sales, stripping out the impact of international alternate fluctuations, rose to fifteen.51 billion euros ($17.90 billion) within the three months to September.
Development was roughly consistent with an analyst consensus forecast for a 21% rise cited by Barclays (LON:), after a stellar second quarter which noticed revenues surge by 84%.
Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the knowledge together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties potential.
