Surge in sales of Louis Vuitton handbags shows luxury spending is back

Revenue has soared at fashion houses owned by LVMH

Sales of Louis Vuitton handbags surged in the last quarter, showing appetite for luxury goods has not diminished.

Sales of Louis Vuitton handbags and the easing of lockdowns across the world helped revenue soar at fashion houses owned by LVMH.

In a bumper quarter for the owner of some of the world’s best-known luxury brands, like-for-like sales rose 84% last quarter, outstripping analysts’ expectations.