Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.

The group will open three concessions at Hong Kong airport by the end of the year.

Sephora posted a strong performance and the retailer is to enter Denmark and Brazil later this year. Recently acquired Russian perfume store Ile de Beauté also recorded a strong performance.

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