LVMH Shares Surge After Surprise Return to Sales Growth
LVMH shares rose the most in almost a quarter century after the owner of Louis Vuitton and Christian Dior unexpectedly returned to sales growth, suggesting a slump in luxury demand is easing.
The stock surged as much as 14% in Paris, the biggest intraday gain since September 2001. LVMH, widely considered a bellwether, gave a lift to luxury stocks across Europe and beyond.