Paris, Oct 16 (Reuters) - French luxury goods group LVMH
said its flagship brand Replica Louis Vuitton showed no significant
like-for-like sales growth in the third quarter slowdown in recent three months.
Headquartered
in Paris, to calm investors' concerns, the growth of the brand losing
momentum, particularly in Asia, after years of strong growth, sending
shares rose 3.6% to close at € 128, 25.
There
is no "in the third quarter and the second quarter compared to a
significant slowdown," LVMH Finance Director Jean - Jacques · Guiony
said in a conference call with analysts on Tuesday, the day after
reporting third-quarter revenue sales.
"Our numbers are pretty comparable Louis Vuitton second quarter."
Guiony,
however, has not been "slow here and there, especially in Asia outside
of China, where there is less flow of tourists compared to the same
period last year, this year.
Chief
Financial Officer, said, no decrease in demand for products of Louis
Vuitton LV - including embossed tote bag, valued at 600 euros ($ 780) -
But the comparative figures for the same period last year.
Worldwide
sales of Louis Vuitton, Guiony said: "Europe is a little higher, a
little lower and China (the first half), the low single digits (growth).
Consulting,
Bain & Company, predicted that global growth of luxury goods sales
will drop to 10% this year, from 11% in 2011, calculated at current
rates.
"The fastest growing Vuitton" Guiony said.
Fashion-savvy
This
is the world's largest luxury brand in terms of sales revenue of 700
million euros, 75% of the Louis Vuitton parent company LVMH fashion and
leather sales.
Luxury
Investors have worried about Chinese consumers have begun to fall in
love with brands like Louis Vuitton and Gucci, they become more fashion
savvy.
Some
investors also believe the Chinese government to fight corruption,
along with the growing criticism of conspicuous consumption, encourage
Chinese consumer to select the logo of the brand, the luxury more
cautious.
In
a report published on Monday, Bain said, China has become the biggest
luxury buyers ahead of the Japanese, Americans and Europeans. They are also becoming more and more complex, "brand logo is the result of exposure to products of absolute quality.
Guiony
admit there is a "wait and see" among the Chinese luxury goods due to
the change of the current government buyers, predicted fade until the
"fourth quarter".
Replica Louis Vuitton fashion and leather goods sector generated revenues in the third
quarter rose 5% and 8%, the second quarter and the first three months
for 12 years.
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