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LVMH records better-than-expected sales growth

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LVMH has reported better-than-expected for its third quarter, boosted by organic growth in all its business. The parent company of luxury retailers Louis Vuitton, Dior, Bulgari, Givenchy and Marc Jacobs said its quarterly revenue rose 14 per cent to €10.38 billion (£9.28 billion), beating analyst expectations of around €10.2 billion. READ MORE:  LVMH Moet Hennessy Louis Vuitton sees profits rise across the board Meanwhile, like-for-like revenues, which strip out currency swings and acquisitions or disposals, grew 12 per cent from a year earlier to €30.1 billion euros (£26.9 billion) – beating the nine per cent organic growth forecast by Reuters .

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LVMH records better-than-expected sales growth

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