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LVMH Gains to Record as Louis Vuitton, Dior Fuel Growth

  • Designer reshuffle in menswear pays off at top brands
  • Asia leads growth but sales also rebound on LVMH’s home turf
Shoppers walk past a Louis Vuitton store in Hong Kong, China on July 8. 

Shoppers walk past a Louis Vuitton store in Hong Kong, China on July 8. 

Photographer: Kyle Lam/Bloomberg
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LVMH shares rose to a record after second-quarter sales breezed past analysts’ estimates, fueled by creative revamps at its Louis Vuitton and Christian Dior fashion brands.

Sales of fashion and leather goods rose 20% on an organic basis in the second quarter. The stock rose as much as 3.3% in Paris to a record, lifting LVMH’s market value to almost 200 billion euros ($223 billion).