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Sales rise of 17% puts fizz back into LVMH

LVMH, the world's biggest luxury goods group, posted sparkling first-quarter sales figures for all of its businesses. The maker of Moët et Chandon champagne and Louis Vuitton handbags saw its sales grow by 17 per cent to €5.25bn (£4.6bn) over the three months, and reported "strong momentum" in the US, Europe and Asia. Revenues for watches and jewellery surged by 28 per cent.