LVMH posts revenue increase to 15 percent in Q3 of 2012

LVMH Moet Hennessy Louis Vuitton posted revenue rose to 15 percent year on year to $8.93 billion for the three months that ended on September 30. Revenue from LVMH's watches and jewellery division increased 8.5 percent to $893 million. However the jewelry division's organic growth, reflecting comparable-store sales and exchange-rates, has risen 7 percent during the first three quarters of the year, representing the weakest rate of growth among LVMH's five divisions.