LVMH Provides Relief as Revenue Growth Rebounds at Fashion Unit
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LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, said growth in fashion and leather-goods sales rebounded in the fourth quarter, boosting optimism for a turnaround at its biggest brand.
Sales at the unit, which includes Louis Vuitton and Kenzo, rose 7 percent on an organic basis in the final three months of the year. Growth accelerated from 4 percent in the first nine months of the year, having weakened in the previous quarter.