Business Blog: Hoover’s Business Insight Zone

LVMH has not been hurting from recent market turmoil. WWD has the scoop:

Crisis? What crisis?

Suggesting luxury has been unruffled by recent financial turbulence, LVMH Moët Hennessy Louis Vuitton said sales accelerated in the third quarter, gaining 10.3 percent to total 4.03 billion euros, or $5.54 billion, versus 3.66 billion euros, or $4.67 billion, a year ago.

The world’s biggest luxury group beat forecasts and posted double-digit organic gains across all business groups, trumpeting the “stellar” performance of Louis Vuitton and Hennessy cognac in the three months ended Sept. 30.

Thing is, you could lose your job at a hedge fund or an investment bank or the like and still have plenty to drop on a new Vuitton suitcase for Mom and some Hennessy for yourself . . .

Here’s the link (via Lauren).