LVMH’s sales rise 4% in nine months of 2016

In the first nine months of 2016, LVMH enjoyed a 4 percent increase (on y-o-y basis) in its revenues that valued $29.3 billion over the first nine months of 2016, as per reports. Among its markets, the company observed a good output in its performance in Asia, America and Europe. The reduced tourists in Japan and France culminated into these markets not being able to contribute to the growth levels of the company, reports add.

The company noted a 3 percent increase in its watch and jewellery brand, while its perfumes and cosmetics unit grew 6 percent, as per reports.