Asia sales boost LVMH profit
LVMH Moet Hennessy Louis Vuitton, the world's largest luxury-goods maker, said third-quarter sales rose 24%.
The group which includes brands like TAG Heuer and Fendi reported revenue increased to 5.11bn euros ($7.2 billion) from 4.14bn euros a year earlier.
Miya Knights from Retail Technology says demand for luxury goods is increasing as wealthy Asian shoppers splurge on timepieces and handbags.
Julia Caesar reports.
- 14 October 2010
- BBC News