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Louis Vuitton owner, LVMH, today posted higher than expected third quarter sales.

LVMH's strong Q3 numbers lift European luxury stocks

Shares in LVMH rose this morning, lifting up other European luxury goods stocks, after the Louis Vuitton owner posted higher-than-expected third quarter sales.

Business • 10 Oct 19

Burberry has maintained its forecast for broadly stable revenue and operating margin at constant exchange rates for the 2020 financial year

New designer's ranges help lift sales at Burberry

UK luxury brand Burberry has reported a pick-up in first quarter sales after it began shifting more new designs by creative chief Riccardo Tisci into its stores as part of a turnaround plan.

Business • 16 Jul 19

France's Hermes has posted a 15% rise in net profits for last year

Hermes sees no changes to sales trend as profits rise

Handbag maker Hermes, one of the luxury brands still riding high on strong demand from Asian clients, said today it had not observed any change in sales trends so far this year.

Business • 20 Mar 19

The maker of Cartier jewellery and watches said economic and geopolitical uncertainties were hitting customer sentiment

Richemont highlights volatile consumer demand

Luxury goods group Richemont said today that economic and geopolitical uncertainties were weighing on customer sentiment.

Business • 09 Nov 18

Kering's biggest label Gucci continued to defy expectations of a slowdown in the first quarter

Gucci fuels booming sales at luxury firm Kering

Booming sales growth at French luxury group Kering got even faster in the first quarter, as red-hot demand for its Gucci clothing and handbags was joined by other labels such as Balenciaga.

Business • 25 Apr 18

Louis Vuitton, owned by LVMH, is expanding its manufacturing plants for its high-margin handbags

Vuitton owner LVMH posts Q1 sales surge

Shares in France's LVMH rose over 5% to record highs today after the Louis Vuitton owner posted better than expected sales growth in the first quarter, helped by thriving Chinese appetite for luxury goods.

Business • 10 Apr 18

Prada said its new products and robust demand from Chinese consumers helped to pull it out of a 'grey area'

Prada shares soar 20% as firm returns to sales growth

Shares in Prada surged 20% today after the Italian luxury goods maker said it had stemmed a slide in sales in the second half of 2017 and it expected to see growth continue this year.

Business • 12 Mar 18

Hermes CEO Axel Dumas has stuck a note of caution for 2017

Luxury goods group Hermes delivers record profit margin

French luxury goods group Hermes said today it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury goods industry.

Business • 22 Mar 17

Hermes seeing resilient growth in the US and stronger demand in Europe and in China

Hermes enjoys small rise in third quarter sales

French luxury goods group Hermes today said it saw a slight acceleration in sales growth in the third-quarter to 8.8% at constant exchange rates, up from 8.1% in the previous three months.

Business • 03 Nov 16

The global luxury goods industry is facing a testing time

Burberry says sales fell in Hong Kong last year

British luxury brand Burberry cautioned today that a fall in sales in the key market of Hong Kong in the last quarter of 2014 could impact its full-year margin.

Business • 14 Jan 15

Burberry posted 15% rise in retail revenue in the first six months of its fiscal year

Burberry's first-half retail sales jump 15%

Burberry today posted a 15% rise in retail revenue in its first half, reflecting a strong performance across all regions and continued digital growth.

Business • 14 Oct 14

Prada H1 results hit by sluggish consumer demand

Luxury group Prada's H1 profit down 20.6%

Italian luxury goods group Prada posted a 20.6% drop in first-half net profit, weighed by sluggish consumer demand.

Business • 19 Sep 14

Gucci sales hit by a smaller flow of tourists into Europe in the fourth quarter

Growth stalls for Kering's top brand Gucci

Sales growth at Italian luxury brand Gucci almost ground to a halt in the fourth quarter and its parent company Kering reported a steep drop in profits.

Business • 21 Feb 14

Burberry posts strong Christmas sales

British luxury brand Burberry posted a 14% rise in underlying retail revenue in the Christmas quarter.

Business • 15 Jan 14

Burberry's six month revenues rose to £1.116 billion

Burberry second half boosted by China demand

Burberry today posted a 10% rise in fourth quarter revenue as strong demand for its more expensive products in China helped it beat sales forecasts for the second half of the year.

Business • 17 Apr 13

Burberry third quarter results beat forecasts

Burberry's third-quarter revenue up 9%

UK luxury brand Burberry beat forecasts with a 9% rise in third quarter underlying revenue after a particularly strong week in the run up to Christmas.

Business • 15 Jan 13

Mulberry profit warning savages shares

British group Mulberry has become the latest luxury fashion brand to warn on profit.

Business • 23 Oct 12

Luxury Goods