A boom on the luxury goods market

The LVMH, owner of the Louis Vuitton and the Italian textile manufacturer Loro Piana released outstanding results in the third quarter, suggesting that the market for luxury goods continues to grow – portfolio.hu wrote.

Third quarter sales of the company owning Dior and Moet as well rose significantly surpassing the analysts’ expectations, reaching 30.1 billion euros, which is a 15 percent increase one-off effect adjusted, compared to the same period of last year. The LVMH has hailed the boom in the sector, which was mainly due to the increased demand for luxury goods in China. (Reuters, portfolio.hu)