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October 17, 2006
Third Quarter Sales Slow At LVMH
Third-quarter sales at LVMH Moet Hennessy Louis Vuitton increased by 6.8% to $4.7 billion, the French luxury firm said Tuesday.
The performance of its fashion and leather goods division did not quite meet analysts’ expectations, however, as they represented a slowdown from previous quarters.
For the three months ended Sept. 30, sales of fashion and leather goods jumped 10.2%, while jewelry and watches increased by 21.6%.
Posted by Blacks on October 17, 2006 09:36 AM
