Danone stuck to targets for 2014 after the dairy-products maker reported revenue growth that matched estimates amid the first gains in Europe in three years and price increases made up for volume declines.
LVMH Moet Hennessy Louis Vuitton SA gained after the world’s largest luxury-goods company reported its fastest fashion and leather-goods sales growth in two years, cushioning an unexpected decline in alcohol sales.
For years, fashion and luxury-goods companies have resisted putting creative and commercial control in one pair of hands. With the appointment of Christopher Bailey as chief executive officer, Burberry Group Plc aims to prove it can make the formula work.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, reported its fastest fashion and leather-goods revenue growth in two years, cushioning an unexpected decline in quarterly alcohol sales.