Slowed slowdown at LVMH could symbolize luxury recovery

Published: 20-Oct-2009

Luxury products group LVMH, which includes cosmetics businesses, has reported a slowdown in the fall in sales in third quarter 2009 – down 3% compared with 7% in the previous quarter. Sales in the first nine months of this year stabilised at around €11.9bn.


Luxury products group LVMH, which includes cosmetics businesses, has reported a slowdown in the fall in sales in third quarter 2009 – down 3% compared with 7% in the previous quarter. Sales in the first nine months of this year stabilised at around €11.9bn.

Meanwhile business consultancy Bain & Co is forecasting a recovery in the luxury products sector in 2010 with world market growth of 1% compared to about €153bn with a fall of 8% in 2009. Growth is expected to be sustained by demand from China and internet sales.

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