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LVMH results point to luxury revival

|About: LVMH Moët Hennessy - Louis... (LVMHF)|By:, SA News Editor

Earnings from LVMH (OTCPK:LVMHF) seem to have restored faith in luxury sales.

The Louis Vuitton owner posted 19% growth in revenue from its fashion and leather goods in Q3 despite unrest in Hong Kong that had caused luxury labels to lose out on business there.

A near 5% jump in LVMH in Paris saw shares of rivals Hermes (OTC:EUHMF), Burberry (OTCPK:BBRYF), Hugo Boss (OTCPK:BOSSY), Gucci-owner Kering (OTCPK:PPRUF), Christian Dior (OTCPK:CHDRF) and Moncler (OTCPK:MONRF) climb between 1.1% and 4.6% overnight across Europe.

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