Modest growth for LVMH, hit by China slower sales

The world’s luxury group LVMH has posted a moderate increase of 4 per cent in revenue to reach €21.4 billion for the first 9 months of 2014. All business groups grew except Wines & Spirits which continues to be affected by slow movement in China. A decline by 3 per cent was recorded for … Read entire story.

Source: CPP-LUXURY