PARIS — LVMH Moët Hennessy Louis Vuitton said revenues fell 4 percent in the third quarter, but sales in organic terms rose for the first time this year, signaling there may be light at the end of the tunnel for the beleaguered luxury sector.
The industry bellwether said revenues for the three months to Sept. 30 totaled 18.3 billion euros, up 1 percent in organic terms, beating market expectations for a 1 percent decline.
Its key fashion and leather goods division also performed better than expected, posting a 2 percent decline, versus a consensus forecast for a 4 percent drop. LVMH said the improvement reflected “good resilience with local customers.”
While new Dior creative director Jonathan Anderson ’s first designs have yet to arrive in stores, his first women’s and men’s col