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Cost-cutting offsets yen effect at DFSCost-cutting offsets yen effect at DFS
Emily Pacey
14-Sep-2006
INTERNATIONAL. LVMH Moët Hennessy-Louis Vuitton has reported a 24% increase in profits at its Selective Retailing division in the first six months of the year, with DFS Group overcoming a decline in the value of the yen through "rigorous cost control" and growing its Asian customer base. The Selective Retailing division includes DFS and beauty chain Sephora
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Although revenue growth in Selective Retailing slowed by 1% in the first half of 2006 compared with the same period last year, profit from recurring operations grew by 13%, taking
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(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
(17-Sep-2002) -
(15-Apr-2003) - INTERNATIONAL. LVMH Moët Hennessy-Louis Vuitton has announced consolidated sales of Eu2.8m ($3m) in the first quarter of 2003, down 5% on the same period last year.
(15-Feb-2007) - LVMH Moët Hennessy-Louis Vuitton has built on the previous year’s growth to post record profits in 2006.
(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
