Comment: DFS underpins LVMH recovery

(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

(1-Sep-2002) - INTERNATIONAL. LVMH  Moët Hennessy-Louis Vuitton Group chairman Bernard Arnault has said it could take two years to complete the turnaround of the troubled Selective Distribution division, the arm of LVMH that includes DFS Group.

(1-Mar-2003) - By Dermot DavittINTERNATIONAL. DFS Group broke even in 2002 as the company cut costs, restructured its product lines and renegotiated concessions, according to parent company LVMH Moët Hennessy-Louis Vuitton in results announced on March 6. Arnault said he would wait until profits improved further before deciding on a sale.

(1-Jan-2002) - INTERNATIONAL. Moët Hennessy-Louis Vuitton (LVMH) has announced its sales figures for 2001, confirming a troubled year for travel-retail arm DFS Group, recently described as non-core by LVMH chairman Bernard Arnault. The results also featured a fresh warning on profitability, although it said 2002 could feature a rebound in performance.

(6-Sep-2006) - LVMH Moët Hennessy-Louis Vuitton reports a 24% increase in profits at its Selective Retailing division, with DFS overcoming a decline in the value of the yen through rigorous cost control and growing its Asian customer base