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Luxury spending turned up in Asia and held firm in the United States, a half-year earnings report showed.
Half-year results cover a company's financial performance across the opening six months of the fiscal year, a snapshot investors use to gauge whether full-year targets remain within reach.
LVMH reported that its fashion, watches and jewelry divisions contributed to a positive reading, and the company said it enters the second half of the year with optimism.
Asia's return and what it means Renewed growth in Asia is the result's most significant signal. The luxury category is unusually dependent on Asian consumer spending, which had been a source of pressure for the sector.
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