By  on October 16, 2012

PARIS — After reporting a deceleration in its third-quarter sales versus the first half, LVMH Moët Hennessy Louis Vuitton took pains to allay fears of a major slowdown at Louis Vuitton, its cash cow.

“Our third-quarter figures reflected a tougher environment and I will not deny it,” Jean-Jacques Guiony, LVMH’s chief financial officer, told a conference call on Tuesday. He blamed record levels of Chinese and Japanese tourism in the year-ago quarter for creating onerous comps.

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