PARIS — Buoyed by the resilience of its star Louis Vuitton brand, LVMH Moët Hennessy Louis Vuitton is expected to outperform its luxury peers when it reports second-quarter sales this month.
In preview reports published this week, luxury analysts estimate that the French group’s sales in the period will have declined about 10 to 13 percent in real terms, but with Louis Vuitton advancing 9 percent. HSBC in Paris pegged sales at $2.81 billion, converted from euros at current exchange. In local currency, the figure is 2.48 billion euros. Stripping out the negative effects of currency, analysts expect like-for-like sales to dip about 1 to 2 percent.
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