Vuitton owner LVMH posts sales surge in boost to luxury sector

Louis Vuitton owner LVMHposted a better-than-expected rise in first quarter sales on Monday, pointing to undiminished appetite from Chinese consumers that should boost luxury goods rivals too.Paris-based LVMH, the industry's biggest company and parent to labels like Christian Dior and champagne house Moet & Chandon, benefited like many peers from a rebound in Asian demand last year and a growing following from younger shoppers.