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April 26, 2007
LVMH's Q1 Sales Sparkle On Jewelry, Handbags
First quarter sales at LVMH Moët Hennessy Louis Vuitton surged 7 percent to $5 billion on the strength of watches, high-end apparel and handbags.
The French luxury group reported a 20 percent increase in its watch and jewelry division, and strong momentum at fashion brands such as Fendi, Louis Vuitton and Marc Jacobs.
Fendi, for example, posted a double-digit increase in revenue, driven in part by sales of its B-Mix handbag collection.
Posted by Blacks on April 26, 2007 09:10 AM
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