LVMH sales grow despite global slowdown

Established in 1987
French multinational luxury goods conglomerate
Subsidiaries (60): Veuve Clicquot, Fendi, DKNY, Celine, Guerlain, Givenchy, Dior, Loewe, Zenith etc.
Bernard Arnault (on pic.) -the chairman of LVMH

Voc.
A slump - A sudden falling off or decline, as in activity, prices, or business: a spending slump.
Bumper (adj.) - extraordinarily large: bumper sales.
Robust (adj.) – hardiest, intense: robust demand.
Bumper sales of Louis Vuitton handbags and Krug champagne is the latest sign that consumer confidence among the super rich remains robust.

Voc.
Like-for-like (LFL) - comparable : like-for-like sales. (The portion of current sales achieved through activities that are comparable to the activities of the previous year.)
To take a hammering -
To defeat soundly. The share prices of luxury goods companies have taken a hammering in recent months.