LVMH???s strategy appears to be paying off earlier than anticipated, signaling leather-goods rivals such as Gucci, owned by France???s Kering SAKER.FR +0.03%, Italy???s Salvatore Ferragamo SpASFER.MI +0.70%, and Hong Kong-listed Prada SpAPRDSY +1.34% could benefit too from strong demand for top-of-the range hand bags, luggage, shoes and other leather goods.