Monday, 8 February 2010

Business Is Improving For LVMH – 8/2/10


"Bling, bling” is out, according to LVMH boss, Bernard Arnault, but business for the luxury giant was boosted in December and January.

We read in a Reuters article that LVMH produced “record revenue in December,” and several of its divisions (including wine and spirits, and watches and jewellery) were “relatively upbeat” about sales and orders.

Overall in 2009, LVMH defied the luxury slump with a 1 percent rise in like-for-like sales in the fourth quarter and a smaller-than-expected drop in operating profit.

Earlier this month, Richemont, Burberry, Swatch and Valentino also reported better-than-expected sales.
Posted by Anonymous at 7:10 am
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