LVMH eases fears of a luxury slowdown in China

PARIS: Chinese consumers may not be snapping up iPhones, but LVMH sees no let-up in shoppers’ thirst for luxury goods.

The French luxury giant gave a bullish outlook after quarterly earnings showed continuing demand for its handbags and Hennessy Cognac in the world’s second-largest economy. Its report is the latest evidence that a boom fueled by Chinese consumers persists, which may ease concerns for other European sellers of high-end goods.