Breaking News

LVMH Reports Sales Growth

November 14, 2005

LVMH posted sales of $15.1 billion in 2003, a 4% increase over 2002, according to company executives.

Growth accelerated during the fourth quarter as sales rose 8% over the same period last year on a comparable structure and currency rate basis, executives reported. In particular, Louis Vuitton recorded double-digit organic growth for the quarter, executives said.

Operating income growth was about 7%, a unique achievement in 2003’s luxury sector, executives insisted.
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