Exterior of the Louis Vuitton shop on New Bond Street
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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 Oct 2010