LVMH shares rise double digits after first growth reported this year
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LVMH shares (i) surged nearly 14% on Wednesday, aiming for their best daily performance in over two decades, after the French conglomerate reported growth for the first time this year. In an update after the European trading close on Tuesday, LVMH, the world's largest luxury goods company and one of Europe's most valuable firms, announced that organic growth in the third quarter was 1% year-on-year. This marks a recovery after two consecutive quarters of declines. Revenue for the three months ending in September amounted to €18.3 billion ($21.3...
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