Dow Jones Newswires: LVMH reports stronger-than-forecast sales, helped by China demand

Dow Jones Newswires


(FILES) In this file photo taken on January 26, 2023 World’s top luxury group LVMH’s logo is displayed during the presentation of the group’s annual results 2022 in Paris on January 26, 2023.


stefano rellandini/Agence France-Presse/Getty Images

LVMH Moet Hennessy Louis Vuitton SE on Wednesday reported first-quarter sales above expectations, as a lifting of sanitary restrictions in China boosted performance there, and a rebound in international travel drove duty-free sales.

The French luxury-goods giant FR:MC, owner of fashion houses Dior and Louis Vuitton and jewelers Bulgari and Tiffany, made total revenue of 21.04 billion euros ($22.96 billion) in the first three months of the year, rising 17% at constant currency from EUR18 billion in the same period last year….

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