Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
National

LVMH sales rise as US luxury demand offsets Europe slowdown, Iran War impact

PARIS, - Luxury giant LVMH reported a rise in quarterly ​sales on Monday as strong ​demand in the United States helped offset weaker spending in ​Europe and the Gulf due to the Iran war.

Second-quarter sales at the owner of Louis Vuitton, Dior and Bulgari rose 3% when adjusted for currency swings to €19.5 billion ($22.2 billion), broadly ‌in line ⁠with analysts' consensus ⁠estimate, according to Visible Alpha.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.