Luxury Giant LVMH’s Third-Quarter Sales up by 20 Percent

Luxury Giant LVMH’s Third-Quarter Sales up by 20 Percent
Clients, wearing face masks, queue in line in front of a Louis Vuitton shop inside the department store Le Printemps Haussmann in Paris following the COVID-19 outbreak in France, on May 28, 2020. Gonzalo Fuentes/Reuters
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PARIS—Sales at French luxury group LVMH’s fashion and leather goods division rose strongly in the third quarter even though overall revenue growth in Asia and the United States eased from their stellar first-half performance.

LVMH, whose luxury products span Moët & Chandon champagne and Bulgari timepieces, said on Tuesday the popularity of its star labels Louis Vuitton and Dior helped its fashion and leather goods division, which accounts for nearly half of group sales, to report 24 percent growth.