Chinese shoppers were also urged to boycott the stores of French retailer Carrefour, in which Arnault has a stake, from next month.
Arnault refuted claims that LVMH had donated money to the Dalai Lama, and said the allegations were groundless. “Even if one can be shocked by what’s happening in Tibet, it is equally shocking to see attacks against China,” he said. “China has made immense progress in its economic development and its opening up to the world.”
Sales at Christian Dior Group, where Arnault is also chairman and chief executive, rose 11% over the first quarter of 2008. Sales at the French luxury goods group leapt from €3.8 billion to €4.2bn (£3bn to £3.3bn) for the three months to March 31 2008 compared with the year before.