29 Jul '13, 11am

LVMH shares jump as Louis Vuitton calms worries

PARIS | Mon Jul 29, 2013 6:57am EDT PARIS (Reuters) - Shares in LVMH (LVMH.PA ) soared on Friday after the luxury group reassured investors about margins and sales growth at its star brand Louis Vuitton and joined rival Kering (PRTP.PA ) in pointing to an uptick in sales in the second quarter. The latest figures added to evidence of a rebound in the luxury sector as solid demand in Japan and the United States combined with recovery in Europe to offset China's slowdown. Investors were concerned that Louis Vuitton's growth was running out of steam after enjoying more than two decades of annual increases above 10 percent, driven by a rapid expansion around the globe. The stock in industry leader LVMH (LVMH.PA ) rose as much as 5.7 percent - their biggest one-day gain in more than three years. LVMH Chief Executive Bernard Arnault, France's richest man, said in January that Lou...

Full article: http://www.reuters.com/article/2013/07/29/us-lvmh-kering-...

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“Shares in LVMH soared on Friday after the luxury group reassured investors about margins and sales growth at its star bra...

LVMH shares jump as Louis Vuitton calms worries

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PARIS | Fri Jul 26, 2013 9:25am EDT PARIS (Reuters) - Shares in LVMH (LVMH.PA ) soared on Friday after the luxury group re...

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