Shares in LVMH Moet Hennessy Louis Vuitton rose 5.5% on Tuesday, with the company reporting a 17% increase in sales in 1Q2011, to EUR5.25 billion, and double-digit organic growth across all business units. The company reported US and European sales are returning, while Asia remained strong.
LVMH Finance Director Jean-Jacques Guiony, expects to overcome regulatory hurdles to its EUR4.3 billion acquisition of Bulgari May/Jun-2011.
Elsewhere, Hellenic Duty Free shares gained 2.9%. Lotte Shopping Co shares were 2.3% lower.
Selected airport duty free, retail and catering share price movements (% change): 19-Apr-2011
Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.