LVMH sales rise as US luxury demand offsets hit from Iran war
By Dominique Patton PARIS, July 27 (Reuters) – Luxury giant LVMH reported a rise in quarterly sales on Monday as strong demand in the United States helped offset weaker spending in Europe and the Gulf due to the Iran war. Second-quarter sales at the owner of Louis Vuitton, Dior and Bulgari rose 3% when adjusted for currency swings to €19.5 billion ($22.2 billion), broadly in line with analysts’ consensus estimate, according […]