European stocks declined as a report showed Chinese imports unexpectedly slumped last month, outweighing gains by personal- and household-goods companies after LVMH Moet Hennessy Louis Vuitton SA posted results.
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.
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.
Hermes International SCA, the French maker of Kelly handbags, reported the slowest revenue growth in more than three years because of diminishing gains in the leather-goods unit and a drop in watch sales.
Burberry Group Plc, the U.K.’s largest luxury-goods maker, said it is appealing a decision by Chinese regulators to restrict the company’s trademark on its hallmark checkered pattern for leather goods.