LVMH Net Jumps 41 Percent as China Turmoil Looms

PARIS — LVMH Moët Hennessy Louis Vuitton posted another strong performance in the second quarter, suggesting the luxury sector is well positioned to weather turbulence in the Chinese market, which accounts for roughly one-third of its sales.

Although the world’s largest luxury group saw an increase in Chinese demand in the three months to June 30, it stuck to its customary cautious outlook, noting that currency fluctuations and the threat of trade tariffs could yet weigh on its performance in the second half.