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October 16, 2007
LVMH's Sales Surge 10% In Third Quarter
Third-quarter sales at LVMH Moët Hennessy Louis Vuitton jumped 10.3% to $5.5 billion, the company said this week. The luxury group saw strength across all of its businesses and especially in fashion and leather goods. Jewelry and watches also fared well, showing a 13% increase during the quarter.
Asia was a particularly strong market for the company. Sales in China increased 50% in the first three-quarters of the year, the company said, while U.S. sales rose 13% in the first nine months of the year.
Posted by Blacks on October 16, 2007 10:00 AM
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