LVMH has posted better-than-expected sales growth in its first quarter, helped by thriving appetite for luxury goods among Chinese consumers.
For the period ending March 31, the luxury fashion and alcohol giant – which owns high street retailers Louis Vuitton, Christian Dior, Fendi, Sephora and Thomas Pink – recorded revenue of €10.9 billion (£9.48 billion).
This equated to a 10 per cent overall increase on a reported basis and 13 per cent on an organic growth basis.
