Chinese Demand Leads to Sales Surge at Luxury Goods Conglomerate
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Summary
LOUIS Vuitton Moet Hennessy, the luxury goods giant that owns premium whisky Glenmorangie, said third-quarter sales surged by 24% as its well-heeled clientele snapped up designer watches, handbags and cases of Dom Perignon.
The upbeat news from the Paris-based maker of Louis Vuitton handbags and TAG Heuer and Hublot watches yesterday confirmed the industry's stronger-than-expected rebound, powered in part by expansion in China.See the full content of this document
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Chinese Demand Leads to Sales Surge at Luxury Goods Conglomerate
A weak euro also attracted tourist shoppers, and helped cement the view tha...
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