LVMH Posts Record Sales Driven by Asian Market Growth

LVMH Moët Hennessy Louis Vuitton reported record third-quarter sales, driven by robust demand in Asian markets, particularly China and Japan. The luxury conglomerate's revenue reached €21.9 billion, exceeding analyst expectations. Chairman Bernard Arnault emphasized the company's strong performance across all business segments, from fashion and leather goods to wines and spirits. The Asian market now represents 35% of LVMH's total revenue. 'Our brands continue to resonate with discerning customers worldwide,' Arnault noted. 'We're seeing particularly strong growth in Asia, which bodes well for our long-term prospects.' The results have reinforced LVMH's position as the world's largest luxury goods company and strengthened Arnault's status as one of the world's wealthiest individuals.