LVMH, the maker of Louis Vuitton handbags, drink brands including Dom Perignon and premium whisky Glenmorangie, last week posted a forecast-beating 13% rise in comparable sales for the first quarter, helped by a strong rebound in the US and Europe.
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Burberry forecasts high profits
Burberry, the luxury goods giant famous for its upmarket raincoats and handbags, has forecast profits will come in above market expectations this year and next, further fuelling hopes demand has returned to the top end of the retail sector.
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