LV And Hublot Lead Luxury Giants LVMH Sales Rise

The largest in the world Luxury goods Group LVMH's main income comes from clothing and leather goods, from Louis Vuitton and Hublot two. brand Leading group's sales grew by 17% in the first quarter of 2011. Sales of watches and jewellery increased by 28%, while sales of wine and spirits rose by 20%. Sale The volume also increased by 9%.

In the 3 year of this year, the successful acquisition of Bulgari, the world's third largest jeweller, has increased sales to 250 million euros in the first quarter of 2011, driven by strong demand in the Chinese market. Among them, jewellery sales (the company's main business) grew by 29.3% to 114 million euros, watches sales increased 22% to 50 million 600 thousand euros, accessories sales rose 19%, reaching 20 million 700 thousand euros, perfume and cosmetics sales jumped 33% to 60 million 100 thousand euros.

After the Japanese earthquake, Bernard Arnott, chief executive of LVMH group, said that although its stores in Tokyo were not as numerous as usual, the southern and western parts of Japan had not yet been affected. Japan accounts for about 9% of LVMH's total sales. The group said sales in the US, Europe and Asia were "strong".

This encouraging performance is believed to have a greater role in promoting LVMH group's sales in the latter part of this year.