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LVMH revenues rise despite 'uncertain' global environment

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Luxury group LVMH, owners of brands including Dior, Louis Vuitton and Celine, has announced rising revenues for the first nine months of 2017, fuelled in part by a 14% rise in sales of fashion and leather goods.

However, the brand warned that it would have to “continue to be vigilant” thanks to an “uncertain geopolitical and currency environment”.

Sales at LVMH grew 14% to €30.1bn (£26.92bn), with fashion sales reaching €10.83bn (£9.66bn) for the period.

The brand highlighted both Louis Vuitton and Dior as performing well, with both brands showing retrospective exhibitions in Paris during the period. Fendi, Loro Piana, Celine and Loewe were also reported to be performing strongly. LVMH sold the US brand Donna Karan at the end of 2016.

The group said it will ”rely on the power of its brands and the talent of its teams to further extend its global leadership in the luxury market in 2017.”

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