LVMH’s Faster-Than-Forecast Growth Allays Hong Kong Concerns

Third-quarter fashion and leather growth beats estimates
Louis Vuitton owner’s shares surge, lifting luxury rivals

Demonstrators form a human chain in front of a Louis Vuitton in Tsim Sha Tsui on Aug. 23.Photographer: Justin Chin/Bloomberg

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By Robert Williams

October 9, 2019 at 4:00 PM UTC

Updated on

October 10, 2019 at 2:50 PM UTC

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LVMH’s sales of luxury goods to key Chinese consumers have kept growing rapidly despite a slump in the Hong Kong shopping hub caused by anti-Beijing protests.

The owner of Louis Vuitton and Christian Dior threw down a gauntlet to rivals with 19% third-quarter revenue growth in fashion and leather goods. Analysts had predicted a 15% gain on a comparable basis.