By Mimosa Spencer, Tassilo Hummel and Dominique Patton

PARIS (Reuters) -Europe’s luxury companies from LVMH to Hermes and L’Oreal are tentatively pointing to signs of a revival in China, but are also cautious about calling the turn on one of their biggest markets after a two-year slump.

The $400 billion luxury sector has been hit hard by the downturn in China, which accounts for around a third of global luxury sales as Chinese shoppers snapped up Louis Vuitton and Birkin bags in Shanghai malls as well as in New York and London.

Now there are glimmers of hope that the worst may be over even though China’s troubles continue, with economic growth that is likely to have slowed to a one-year low in the third quarter as a prolonged property downturn and trade tensions hit demand.

LVMH’s more

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