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April 17, 2008
LVMH Sales Surge, Led By Leather & Fashion
Sales at LVMH Moët Hennessy Louis Vuitton climbed 12% to almost $6 billion in the first quarter of this year, led by leather and fashion goods.
Sales in these categories jumped 18% thanks to demand for brands such as Marc Jacobs, Fendi, DNKY, Celine and Pucci.
The company also reported strong performances in Asia and Europe, although Japan is still flagging. LVMH predicted continued strength in its retail businesses despite slow U.S. economic growth.
Posted by Blacks on April 17, 2008 09:58 AM
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