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Reuters
Published
Jul 6, 2009
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Mixed results for LVMH Group in the USA

By
Reuters
Published
Jul 6, 2009

PARIS, July 6 (Reuters) - Louis Vuitton's trading in the American market has been "resilient", the head of French luxury group LVMH (LVMH.PA) said on Monday 6 July.

Lvmh
Dior menswear spring-summer 2010 fashion show Paris - Photo: PixelFormula

Speaking on the sidelines of a Dior fashion show in Paris, LVMH CEO Bernard Arnault told Reuters Louis Vuitton's business performance had been helped by the fact that it had not resorted to discount sales.

However, the chief executive of fashion group Dior said on Monday 6 July his company was not yet seeing signs of a recovery in the United States, although it was faring better in Europe and Britain.

Sydney Toledano, chief executive of Dior, which is part of the LVMH (LVMH.PA) luxury group, said trading for Dior in Europe was better than in the United States and added the company was doing well in Britain, where it was benefiting from a weak pound and demand from tourists. "In England, we have double-digit growth," he said.

(Reporting by Astrid Wendlandt; Editing by David Holmes)

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