World’s leading luxury group LVMH reports improved sales
For the Q3, sales of giantLVMH have dropped by only 3% in comparison with the decrease of 7% in the first quarter of 2009. The turnover of the group for the first 9 months of 2009 remained stable at EUR 11,9 billion. Fashion and leather goods are the only sectors to register increased sales.Louis Vuitton, the leading brand of the LVMH group reported a 1,5% increase in its sales for the 3Q of 2009. Watches and fines wines & spirits, the most affected sectors of the group, are also showing improvements with sales dropping by only 11% in comparison with the 22% sales dropped registered in the Q1.