PARIS — The luxury sector continued its auspicious trajectory in the first quarter, with rapid growth in China and the U.S. contributing to a 17 percent bump in sales at LVMH Moët Hennessy Louis Vuitton to 5.25 billion euros, or $7.17 billion, beating analysts’ expectations.
Shares in LVMH increased 5 percent Tuesday to close at 115.20 euros, or $164.97 at current exchange, on the Paris Bourse.
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