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LVMH Eases Fears of China Luxury Slowdown on Fashion, Leather

LVMH eased fears that an economic slowdown in China would hit sales of luxury items, reporting accelerating demand for the French conglomerate’s fashion and leather goods. Fourth-quarter comparable sales rose 9 percent, the maker of Louis Vuitton bags said Tuesday in a statement after Paris markets closed. Analysts had predicted 8.7 percent growth. The company…

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