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UPDATE 2-LVMH upbeat about cognac, sales improve at Louis Vuitton

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LVMH, the world's No.1 luxury group, enjoyed a step-up in demand for its flagship Louis Vuitton brand and other fashion labels in the fourth quarter and predicted cognac sales in China would improve in the current quarter to March. Sales growth at LVMH's fashion and leather good unit, its biggest…

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