MC Lvmh Moet Hennessy Louis Vuitton SE

By Manuela Mesco

MILAN--LVMH Moet Hennessy Louis Vuitton's (LVMUY) nine-month revenue rose 4% compared with the same period last year, boosted by its Asian market and its perfumes business

But the French luxury giant's core fashion unit flagged.

LVMH, a bellwether for the industry, said Monday its revenue totaled EUR26.3 billion in the first nine months of the year. Its fashion-and-luxury-goods division--which includes Louis Vuitton, Celine and Christian Dior--grew only 1% on the period, while its wine-and-spirits business--which includes Veuve Clicquot and Chandon--posted a 5% revenue growth.

Perfumes and cosmetics were the strongest division in the period, growing 6% on the year, the company said.

LVMH offered a positive outlook for its U.S. and European markets, with the exception of France, which continues to suffer from a decline in tourism following terror attacks.

(END) Dow Jones Newswires

October 10, 2016 12:49 ET (16:49 GMT)

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