LVMH fashion and leather sales return to growth

Louis Vuitton Moët Hennessy is the world’s biggest luxury group.

Louis Vuitton brand sign in New York. Picture: EPA.

PARIS - Louis Vuitton Mo√ęt Hennessy (LVMH), the world's biggest luxury group, said on Wednesday third-quarter sales at its biggest division, fashion and leather, rose two percent.

The like-for-like gain marked an improvement on the previous April-June quarter, when the division's sales were little changed.

Sales at the perfume and cosmetics arm were up 11 percent in the third quarter, the group said, while watches and jewellery sales advanced 8 percent.