Organic growth, or sales from existing businesses, in the third quarter also exceeded expectations with a 15% increase despite an uncertain global economic climate. In 2010, a year of record profits, organic growth was 14%.
The LVMH name owns the brands of Louis Vuitton, Givenchy, Moet Chandon and Dom Perignon champagnes and Sephora perfume stores.
LVMH said that sales at luxury luggage brand Louis Vuitton, which generates about 60% of the group’s profit, enjoyed double digit growth in the third quarter.
In July, the company posted net half-year profit of €1.3 billion ($1.9 billion), a 25% jump from the same period last year.
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