LVMH sales jump by 19% in third quarter, beating forecasts

PARIS, Oct 11 (Reuters) – French luxury goods giant LVMH (LVMH.PA) beat market forecasts in the third quarter, posting a brisk rise in sales as wealthy shoppers continued to splash out on fashion, with an added boost from improved business in China as COVID-19 curbs eased up. Sales at the world’s biggest luxury group came to 19.8 billion euros ($19.2 billion), up 19% on a comparable basis from a year earlier, beating analyst expectations for 13% growth according to a Visible Alpha consensus. “Europe, the United States and Japan, up sharply since the start of the year, benefitted from the…