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Louis Vuitton designer Ghesquiere signs new contract

Reuters
FILE PHOTO: French designer Nicolas Ghesquiere appears at the end of his Spring/Summer 2018 women's ready-to-wear collection show for Louis Vuitton during the Paris Fashion Week, in Paris, France, October 3, 2017. REUTERS/Charles Platiau (Reuters)

PARIS (Reuters) - Louis Vuitton designer Nicolas Ghesquiere has signed a new contract, delivering a potential boost to luxury goods giant LVMH <LVMH.PA> for which Louis Vuitton is a key source of profits.

LVMH group head Bernard Arnault announced Ghesquiere's new contract in a statement on Wednesday.

Last month, LVMH reported better-than-expected sales growth in the first quarter, which pointed to enduring appetite for its brands from wealthy Chinese shoppers.

(Reporting by Pascale Denis; Editing by Sudip Kar-Gupta)