Arnault says retailling is "non-core"

1-Nov-2001

FRANCE. LVMH chairman Bernard Arnault said last week that retailing was a ?non-core? activity for the company, but denied that DFS Group or Sephora were for sale. LVMH?s retail businesses have been hit hard by the global economic slowdown and in particular the downturn in Asian travel.

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FRANCE. LVMH chairman Bernard Arnault said last week that retailing was a ?non-core? activity for the company, but denied that DFS Group or Sephora were for sale. LVMH?s retail businesses

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(1-Nov-2001) - LVMH chairman Bernard Arnault said last week that retailing was a ?non-core? activity for the company, but denied that DFS Group or Sephora were for sale. LVMH?s retail businesses have been hit hard by the global economic slowdown and in particular the downturn in Asian travel.
(17-Sep-2002) - In a rare interview this week, with financial weekly Le Journal des Finances, LVMH Group chairman and ceo Bernard Arnault said the group had another Eur 1bn ($0.98bn) of assets to sell but that it would take up to two years to complete the turnaround of the Speciality Retail division
(8-Mar-2003) - Following yesterday's announcement that DFS Group had broken even in 2002, Moet Hennessy-Louis Vuitton (LVMH) chairman Bernard Arnault has told reporters he will wait until profits improve before deciding whether or not to sell the chain
(2-Mar-2006) - Retail division has "an impressive growth trajectory", says LVMH chairman Bernard Arnault