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LVMH to “right-size” DFSLVMH to “right-size” DFS
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.
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?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.........
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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.
(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.
(30-Jul-2004) - It was September 2002 when LVMH Moët Hennessy-Louis Vuitton chairman Bernard Arnault declared that it would take at least two years to reverse the decline in its retail business, comprising DFS Group and Sephora.
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