Louis Vuitton first-quarter growth in line with fashion/leather unit: LVMH

PARIS Thu Apr 10, 2014 10:29am EDT

Women dressed in costumes for ''Weiberfastnacht'' (Women's Carnival) walk past a shop of Louis Vuitton in Cologne February 27, 2014. REUTERS/Ina Fassbender

Women dressed in costumes for ''Weiberfastnacht'' (Women's Carnival) walk past a shop of Louis Vuitton in Cologne February 27, 2014.

Credit: Reuters/Ina Fassbender

PARIS (Reuters) - LVMH (LVMH.PA) said on Thursday that growth at its flagship Louis Vuitton brand in the first quarter was in line with that of the group's overall fashion and leather unit.

"The growth of Louis Vuitton does not differ materially from the fashion and leather division," LVMH Chief Financial Officer Jean-Jacques Guiony told a conference call about first-quarter sales.

The division enjoyed comparable sales growth of 9 percent in the first three months of the year, beating market expectations of 5-7 percent.

(Reporting by Astrid Wendlandt; Editing by James Regan)

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