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In recent years, Bernard Arnault has come to addressing a most enthralling and glamorous inheritance saga that has kept the chic salons of Paris aflame with gossip.
Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China.
Sales in Europe and the US partly offset Covid-19 disruptions to sales in China
Swatch Group shares hit their highest level in nearly two-and-a-half years on Tuesday after the world's biggest watchmaker said it expected a recovery in luxury demand from China.
Third quarter financial reporting from Swiss luxury goods group Richemont has been headlined by poor sales performance in Asia.