{"id":112023,"date":"2021-04-14T07:32:45","date_gmt":"2021-04-14T07:32:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=112023"},"modified":"2021-04-14T07:32:45","modified_gmt":"2021-04-14T07:32:45","slug":"lvmh-shares-hit-record-high-after-strong-sales-figures","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/lvmh-shares-hit-record-high-after-strong-sales-figures\/","title":{"rendered":"LVMH shares hit record high after strong sales figures"},"content":{"rendered":"<figcaption>FILE PHOTO: A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020.   REUTERS\/Charles Platiau<\/figcaption><p>PARIS (Reuters) &#8211; LVMH\u2019s shares rose to record highs on Wednesday after the world\u2019s biggest luxury goods company posted sales figures that showed it had bounced back far more quickly than expected in early 2021.<\/p>\n<p>LVMH shares were up by 2.7% in early session trading, hitting new record levels, and also lifting up the shares of rival luxury goods companies such as Kering and Hermes.<\/p>\n<p>Late on Tuesday, LVMH posted first-quarter revenues that even exceeded 2019 levels, before the pandemic.<\/p>\n<p>Its like-for-like sales, which strip out the effect of currency changes and its acquisition of U.S. jeweller Tiffany, rose by 30% year-on-year in the three months to March to 14 billion euros ($16.75 billion).<\/p>\n<p>($1 = 0.8360 euros)<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/uk-lvmh-results\/lvmh-shares-hit-record-high-after-strong-sales-figures-idUSKBN2C10Q1\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS\/Charles PlatiauPARIS (Reuters) &#8211; LVMH\u2019s [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":112022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>LVMH shares hit record high after strong sales figures - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/lvmh-shares-hit-record-high-after-strong-sales-figures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LVMH shares hit record high after strong sales figures - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. 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