Editor
LVMH, the world’s largest luxury company, reported a 17 percent rise in first-quarter sales, more than double analysts’ expectations, as China rebounded sharply after Covid-19 lockdowns.
Sales at the French company, which owns the Louis Vuitton and Dior fashion houses, as well as Hennessy cognac and U.S. jeweller Tiffany, came to €21.04 billion ($23.10 billion) for the three months to end-March.
The 17 percent growth on an organic basis,…
