Friday, February 1, 2013

LVMH Annual Profits Soar


LVMH saw an annual profit boost of 12 per cent in 2012, rising to €3.4 billion (£2.9 billion), up from €3.1 billion (£2.6 billion), in 2011. Total revenue increased by 19 per cent to €28.1 billion (£24.2 billion), compared to €23.7 billion (£20.4 billion), the previous year.

The luxury conglomerate, which counts Christian Dior, Givenchy, Bulgari, Guerlain, Louis Vuitton and Dom Perignon among its stable of high-end brands, reported that its selective retailing division - including Sephora and Paris store Le Bon Marché - made the biggest sales jump, advancing by 14 per cent. Next came wine and spirits with 11 per cent of sales; followed by perfumes and cosmetics which increased by eight per cent; then fashion and leather goods which saw a rise of seven per cent, WWD reports.

The company's chairman, Bernard Arnault, also stated that Dior's J'Adore fragrance was still France's most popular scent for the third consecutive year.

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