UPDATE 1-LVMH grows sales as luxury shoppers show resilience

Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand – including in China – for its high end fashion labels over the all-important end-of-year period. Sales at the world's biggest luxury group, which owns labels including Louis Vuitton, Dior and Tiffany, came to nearly 24 billion euros ($26 billion) in the final three months of the year, stripping out currency fluctuations and acquisitions. "It has gone well, we generated a good level of activity with comparison bases that were not so simple last year, notably in December, with a very good level of activity, so in terms of demand we are fairly happy," said chief financial officer Jean-Jacques Guiony.