LVMH Sales Jump, Helped by Demand for Luxury Bags

Organic revenue in the biggest fashion and leather goods unit soared 19 percent in the second quarter, compared with estimates of a 17 percent rise, according to analysts surveyed by Bloomberg. The company’s wines and spirits division, which has suffered some supply constraints in the past, bounced back with organic revenue jumping 30 percent.

LVMH, the world’s largest seller of luxury goods, follows Richemont and Burberry Group Plc in…