LVMH Sales Increase Suggests Luxury Goods Are on the Rebound!

April 13th, 2010 - By TheEditor

(nymag.com) — Rich people really are shopping again! Today LVMH reported an 11 percent revenue increase for the fourth quarter, thanks to increased demand for Champagne, watches, and jewelry — all categories hit hardest in the luxury-goods industry in the downturn. Sales for the three months ending March 31 totaled $6.2 billion versus $5.26 billion in the same period last year. With a comparable structure and constant exchange rates, that’s an increase of 13 percent.

Read More…

More from StyleBlazer
More from MommyNoire

Comment Disclaimer

Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN

Get the MadameNoire
Newsletter
The best stories sent right to your inbox!
close [x]