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May 16, 2008
LVMH Head Predicts Strong Growth For 2008
Bernard Arnault, head of LVMH Moët Hennessy Louis Vuitton, has faith that the luxury market will continue to thrive, despite the U.S. economic slowdown. Arnault predicted that LVMH would see a jump in earnings for 2008, led by leather goods.
The company reported an increase in sales of 12% for its first quarter to 4 billion euros. LVMH expects to see more growth as it expands into emerging markets, such as Russia and China.
Posted by Blacks on May 16, 2008 10:30 AM
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