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LVMH’s Q3 18% Sales Increase Adds Optimistic Outlook for Luxurygoods Sales

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Paris—If there’s a company that’s rightfully bullish on luxurygoods sales, it’s LVMH, which today reported 18% increase in its third quarter earrings to 6.01 billion euros (about $8.23 billion) Excluding currency swings and acquisitions, the sales increase beat analysts’ estimates for 5.85 billion euros for the quarter. Noting a continuation …

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Louis Vuitton, Burberry Win Record Damages in Counterfeit Case

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Vancouver–Luxurygoods brands Louis Vuitton and Burberry won record damages of $2.5 million Canadian (about $2.6 million) in a “landmark” counterfeiting and copyright case in Canada. The award from the country’s Federal Court included $1.4 million Canadian for Louis Vuitton and $1.1 million Canadian for co-plaintiffs Burberry Ltd. and Burberry Canada. …