LVMH profits climb

The French luxury goods retailer has announced a profit rise of 10 %. Sales were up at £ 2.2 billion and the company has high expectations for the rest of the year. Chief Financial Officer Jean-Jacques Guiony expressed his faith in the continued success of LVMH and predicted that the mometum would carry through to the fourth quarter and beyond.

The strong results are not only due to the sales of the Louis Vuitton bags, or of items from Celine, Loewe, Marc Jacobs and Christian Dior, all of which are owned by LVMH. According to Dior presiden Sydney Toledano, the current optimism was due to the excellent sales of a new jacket designed by John Galliano, and the opening of several new stores.