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.
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.
Hong Kong stocks rose, with the benchmark index headed for its longest winning streak since Jaunary. Mainland shares listed in the city gained after the government outlined a package of measures to support growth highlighted by railway spending.