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LVMH Eases Fears of China Luxury Slowdown on Fashion, Leather

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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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