DFS Group to break even

23-Oct-2003

By Dermot DavittINTERNATIONAL. DFS Group is likely to break even and could even make a small profit this year, according to parent company LVMH Moët Hennessy-Louis Vuitton.

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INTERNATIONAL. DFS Group is likely to break even and could even make a small profit this year, according to parent company LVMH Moët Hennessy-Louis Vuitton.

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(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-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-Oct-2004) - Fashion stands still at LVMH: The Fashion and Leathergoods division of French luxury goods group LVMH Moët Hennessy-Louis Vuitton has shown a first-half operating profit of Eu634m ($773m), unchanged from last year.
(2-Oct-2003) - The negative effect of SARS on travel and spending patterns in crucial Asian markets has taken its toll on LVMH Moët Hennessy-Louis Vuitton?s leathergoods brands in the first half of 2003.
(14-Jul-2001) - INTERNATIONAL. DFS Group is feeling the impact of a downturn in Asian travel and spend, according to parent company LVMH Moet Hennessy-Louis Vuitton, which released its half-year results last week.