Recent reports of such producers of luxury products as LVHM showed that trade war between Washington and Beijing did not reduce appetite of Chinese consumers in regards to such products, Bloomberg writes. This is however not related to luxury cars, such as BMW and Mercedes.

On Tuesday French giant LVHM announced that luxury retailer DFS showed exceptionally good results in touristic locations of Hong Kong and in gambling area of Macau. Business for selling wine and spirits also demonstrated high growth in China. As a whole, the company’s sales grew by 10% in the third quarter.

On the other side, Jaguar Land Rover informed about sales reduction in China by 46% last month.

Shares of LVHM gained 1,4% on Tuesday after report on improved financial results was issued.