While the high street continues to struggle with rocky times, economically speaking, the luxury market is thriving. The day after Burberry announced an 18 per cent rise in revenue, LVMH is getting in on the act - declaring a 12 per cent increase in first quarter sales, to $5.99 billion.And it's the business's core fashion and leather goods brands - Louis Vuitton, Fendi, Marc Jacobs and Givenchy among them - that fuelled the surge, with the figures for that group rising 14 per cent to $2.16 billion.The US, Europe and Asia were areas of "particularly significant" activity, the report noted, adding that boosting the market share and profitability of its top brands would be among its priorities going forward. On the beauty side, Dior's J'Adore Dior and Midnight Poison fragrances were singled out as top performers.
Source: vogue.co.uk
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