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Times are good for brands despite the in the world economy. It seems people with money to spend are now . LVMH, which has the brands Louis Vuitton, Dior and Moët-Chandon champagne, has an 11% jump in first quarter sales. The Paris-based company said sales to just over $6bn in the first three months of the year. Analysts say the stronger were due to a rise in demand in Asia and a in U.S. and European markets. Sales of watches, jewellery and expensive drinks were high. Wines and spirits sales rose by 18% while watches and jewellery went up by 33%. Other goods such as bags, wallets and clothes increased at a slower of 8 per cent.

LVMH is the world's largest luxury goods group. Executives were very at the news. They said: "Louis Vuitton to deliver an exceptional performance, sustained worldwide by the growth of its lines and by the success of its innovations." They spoke about the positive trend in their drinks sales, saying “the champagne business benefited from a in orders from distributors”. They also commented on the of their new line of watches: "The success of the new presented at the Basel Watch Fair this year the momentum of LVMH brands," a statement said. The group was about the future, saying the group was still "taking into account the uncertainty of the of the economic recovery".