LVMH Sales Rise 8%, Topping Forecasts


VMH Moet Hennessy Louis Vuitton, the world's largest luxury goods group, beat forecasts with an 8% rise in nine-month sales and confirmed its target of a "significant" increase in
full-year results.

The maker of Givenchy perfume, Belvedere vodka and Fred jewellery said on Monday sales in the year to Sept. 30 rose to 11.446 billion euros ($16.26 billion), beating the average from a Reuters poll of 11.292 billion euros.

On a like-for-like basis, sales rose 13%.