LVMH Shares Touch Record Highs After Luxury Group’s Solid First-Quarter Sales

www.oann.com | 10/4/2018 | Staff
Caris (Posted by) Level 3
PARIS (Reuters) – LVMH’s shares hit record highs on Thursday, after the Louis Vuitton owner posted strong first quarter sales which set a high bar for rival luxury companies also chasing Chinese demand for high-end handbags and clothing.

LVMH said late on Wednesday that revenues rose 16 percent to 12.5 billion euros ($14.10 billion), up 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals, and beating...
(Excerpt) Read more at: www.oann.com
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