There I was 2 days ago saying the luxury sector is hot just now and today the figures have just been published – Bloomberg quoted the following:
“LVMH Moet Hennessy Louis Vuitton SA (MC) and Burberry Group Plc (BRBY) led European luxury-goods stocks higher as both companies reported quarterly revenue gains that beat analysts’ estimates and eased concern over growth this year after last month’s earthquake in Japan.
LVMH, the world’s largest maker of luxury goods, climbed as much as 6.3 euros, or 5.7 percent, in Paris trading, the biggest gain in almost a year. Burberry, the U.K.’s largest luxury retailer, rose as much as 8.6 percent to 1,245 pence in London, the highest since its July 2002 initial public offering.”
I delivered a strategy planning training session last week and the feedback was “Exceeds Expectations” it seems I’m in good company.
Credits: Bloomberg article