Friday, April 20, 2018
News: Page (1) of 1 - 10/18/11 Email this story to a friend. email article Print this page (Article printing at page facebook
Luxury giant LVMH gets Bulgari boost in Q3
Luxury giant LVMH sees Q3 sales up 19 percent after purchase of Bulgari, bounce back in Japan
By The Associated Press

PARIS (AP) ' French luxury powerhouse LVMH Moet Hennessy Louis Vuitton said Tuesday that its revenue grew strongly in the third quarter after a the purchase of jewelry giant Bulgari and a rebound in Japan.

The company behind Dom Perignon champagne and Marc Jacobs said sales rose to euro6.01 billion ($8.28 billion), up 19 percent from the previous quarter.

The biggest jump was in the jewelry and watches division, which doubled its sales from last quarter to euro636 million.

The overall sales were up 17 percent from the same quarter a year earlier.

The quarter also benefited from strong sales in Hong Kong and Macau and a return to luxury consumption in Japan after its devastating earthquake and tsunami.

LVMH said it was confident that sales would remain strong for the rest of the year.

Page: 1


Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines