Vuitton, Moncler set high bar for luxury goods peers

By Sarah White and Claudia Cristoferi PARIS/MILAN (Reuters) - Jacket maker Moncler joined Louis Vuitton owner LVMH on Wednesday in reporting a pick up in sales growth in the second quarter, as the luxury firms capitalised on strong Chinese demand and investments in marketing and new designs. The industry's top players are riding high on demand for branded goods across Asia and particularly in mainland China, in spite of a Beijing-Washington trade war that could ultimately weigh on consumer sentiment. "With Chinese customers, there was a noticeable improvement between the first quarter and the second quarter," LVMH's Financial Director Jean-Jacques Guiony told analysts.

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