Austerity is out as French luxury goods group beats analyst forecasts with 13% sales increase in six months to June 2011 This article titled "LVMH's 'remarkable' half-year results reveal luxury is back in fashion" was written by Zoe Wood, for The Guardian on Tuesday 26th July 2011 19.08 UTC LVMH, the world's largest luxury goods group, on Tuesday reported waiting lists for its Louis Vuitton handbags and a thirst for its finest Krug and Dom Perignon champagnes – illustrating that austerity chic is so last season. The French group beat analyst forecasts with a 13% increase in sales to €10.3bn (£9.1bn) in the six months to 30 June. Its chief executive, Bernard Arnault, said the bumper sales figures for the first six months of the year were "remarkable" as they came on top of an equally strong performance a year ago. Profits from continuing operations at the group, which makes €1,500 Louis Vuitton handbags and Givenchy ...