LVMH's Revenue Jumps on Restocking

French luxury-goods giant LVMH Moet Hennessy Louis Vuitton Tuesday fueled hopes for a swift rebound in the luxury-goods sector after it posted an 11% surge in first-quarter revenue that beat expectations.

The figure showed distributors began replenishing stocks of wine, watches and high-end jewelry, the weakest performers in recent quarters for the company and the industry.

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