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Luxe Continues Climbing

LVMH and L'Oréal report big gains in Q2.

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By: TOM BRANNA

Editor

Who cares about tapas and sangria when you’ve got caviar and champagne? Despite the uncertainty surrounding economies in Spain, Greece, Italy and Portugual, sales of luxury goods continue to gain momentum for LVMH, a leader in the lux space. In a recent conference call with analysts, LVMH chief financial officer Jean-Jacques Guiony said its marketing and product pipeline would be stronger in the second half, with polka-dot Vuitton leather goods, Berluti fashions and lady Link watch...

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