Pursuits
Luxury Stocks Get Richer as LVMH Seen Immune to Budget Cutting
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European luxury-goods makers won’t be going out of fashion this year.
While consumer companies wrestle for sales amid tax hikes and budget cuts, LVMH Moet Hennessey Louis Vuitton SA, Burberry Group Plc and Hermes International SCA will lift revenue at least 9 percent, according to estimates compiled by Bloomberg, after a bumper 2010 followed the worst year on record.