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March 03, 2006
LVMH Posts Double-Digit Profit Jump
Luxury group LVMH reported a 21% increase in net profit for 2005, in part due to the success of its Louis Vuitton brand.
LVMH Moët Hennessy - Louis Vuitton, which owns 50 luxury brands, including Moet & Chandon champagne, TAG Heuer watches and Dior fragrances, brought in net profit of €1.44 billion on revenue of €14 billion last year.
The group said it continues to see strong momentum in the luxury sector, allowing it to post double-digit revenue growth into 2006.
Posted by Blacks on March 3, 2006 08:47 AM
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