Concern Rises After LVMH to weakening demand Vuitton relief

LVMH Moet Hennessy Louis Vuitton SA (MC) shares rose after the company said it has increased prices for its flagship fashion and leather goods brand in Europe, helps to worry about the growth in the economy disperse. Vuitton third quarter organic sales growth "does not differ much from previous" three months, LVMH Finance Director Jean-Jacques Guiony said during a conference call today. 'S Paris-based company has its prices brand. "Is the appetite for luxury goods it" fashion rose 8 percent in Europe in October, he said, adding that Prada Shoulder Bags LVMH rose as much as 3.2 percent to 04.31 clock in Paris, the reversal of the previous decline of as much as 1.6 percent after reporting the lowest growth since 2009. Organic growth, excluding acquisitions and currency fluctuations, rose by 6 percent in the third quarter LVMH announced yesterday after the markets closed, the lack of estimate of 7 percent to an average of 10 analysts surveyed by Bloomberg. Luxury goods makers sales structures, which from the end of August. Burberry Group Plc (BRBY) said that the demand slows down, especially at lower prices, while Prada SpA and Hermes International SCA (RMS) said they still need. Be affected by the weakening of the global economy Sales of expensive handbags and other items may require 5 percent in 2012, excluding currency fluctuations, less than half the pace of last year, Bain & Co. said. Total revenues for the quarter LVMH rose 15 percent to 6.9 billion euros ($ 8.9 billion), the company said yesterday, adding that he. Confident in its outlook for still, 2012 The median estimate of six analysts by Bloomberg "was compiled 6880000000 €. "Reflect the results for the third quarter, a difficult environment," said Guiony. "Do not see the glass half empty, I think."