LVMH Moët Hennessy – Louis Vuitton Archive

LVMH Sales Beat Estimates On Fashion and Leather Goods

PARIS, France —LVMH, the world’s biggest luxury-goods maker, reported third-quarter revenue that beat estimates, led by a stronger-than-expected performance in fashion and leather goods. Sales rose to €9.14 billion ($10.2 billion), the Paris-based maker of TAG Heuer watches and Hennessy cognac said in a statement Monday. Analysts had predicted €8.92 billion, according to the median of 21 estimates in a Bloomberg survey. Revenue climbed 6 …

Luxury Makers’ Dubious Dividends Make Them Target for Shorts

PARIS, France — Higher dividends at a handful of struggling posh-product makers are a luxury they may not be able to afford. So goes the bear case on companies such as Richemont and Tod’s SpA, both down more than 20 percent this year and both still squarely in the sights of short sellers. Lingering expectations that they will raise dividends even after reporting declining sales …