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January 20, 2006
Leather Leads LVMH To Strong Q4
Strong sales of fashion and leather goods helped boost LVMH’s fourth-quarter revenue, the luxury group said Friday.
Revenue grew by 13% to €4.3 billion in the last quarter of 2005, compared to the €3.8 billion it posted a year earlier.
The LVMH group, which includes the Louis Vuitton and Hennessy cognac brands, is benefiting from a heightened demand for luxury goods.
Fashion rival The Gucci Group also posted solid gains last year thanks to its high-end labels.
Posted by Blacks on January 20, 2006 02:21 PM
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