LVMH records strong revenue growth in the first nine months

LVMH Moët Hennessy Louis Vuitton recorded a 16 percent increase in revenue, to 38.4 billion euros (42 billion dollars) in the first nine months of 2019, while the company said in a statement that organic revenue grew 11 percent compared to the same period of 2018. In the third quarter, revenue was up 17 percent and organic revenue growth was 11 percent to 13.3 billion euros (14.6 billion dollars). The company added that United States and Europe saw good progress in the third quarter, as did Asia, despite the difficult context in Hong Kong.