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LVMH posts strong growth in testing marketplaceLVMH posts strong growth in testing marketplace
13-Sep-2003
Chairman and ceo Bernard Arnault praises growth in the Selective Retail division while cutbacks in Asian travel continue to hinder progress at DFS Group
LVMH Moët Hennessy Louis Vuitton today announced that 2003 first-half operating income grew 4% to ?874m ($971.11m) compared to ?840m ($933.33m) in the first half of 2002. This growth comes on top of a 19% increase in operating income in the first half of 2002. The group was encouraged by the results, which came despite a falling dollar and weak tourism markets. The net income of the group increased by 24%.Bookmark This Article
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(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.
(2-Mar-2006) - Retail division has "an impressive growth trajectory", says LVMH chairman Bernard Arnault
(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
(15-Feb-2007) - LVMH Moët Hennessy-Louis Vuitton has built on the previous year’s growth to post record profits in 2006.
(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.