 LVMH said watch sales were particularly strong |
Luxury goods-maker LVMH Moet Hennessy Louis Vuitton has seen sales rise 7%, helped by strong demand for its high-end watches. The French group, which owns Tag Heuer and Zenith watches, made overall sales of 3.8bn euros ($5.2bn; �2.6bn) in the first three months of this year.
The figure beat market expectations, and compares with 3.56bn euros for the same first-quarter period in 2006.
LVMH added that its like-for-like sales grew 13% from a year earlier.
Its watch division saw a 20% rise in sales to 189m euros.
The Paris-based company sells everything from wine and spirits, to perfume and luggage.
Its other well-known brands include Veuve Clicquot and Moet et Chandon champagne, Dior perfume, and Fendi shoes.
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