Fashion business boosts LVMH sales in Q3

LVMH Moët Hennessy Louis Vuitton recorded revenue of 30.3 billion euros in the first nine months of 2020, down 21 percent. On an organic basis, the company said in a statement, revenue declined 21 percent. The company added that revenue was down 7 percent in the third quarter to 12 billion euros on an organic basis, reflecting a marked improvement in trends compared to the first half, notably a return to growth in Cognac and Fashion & Leather Goods. LVMH witnessed encouraging signs of recovery in the third quarter in all regions, notably in the United States, and in Asia.