LVMH's shares hit record highs on Thursday after the Louis Vuitton owner po...
FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner/File Photo
LVMH said late on Wednesday that revenues rose 16 percent to 12.5 billion euros , up 11 percent on a like-for-like basis, which strips out currency swings and the impact of acquisitions or disposals, and beating analyst forecasts. LVMH, which owns other labels including fashion brand Christian Dior and Krug champagne, was boosted by a strong performance in its leather goods unit, while sales of spirits such as cognac improved from a quarter earlier.
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