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Prevailing wind promises great rewardsPrevailing wind promises great rewards
Dermot Davitt
15-Mar-2006
The recent performance of LVMH and other luxury goods companies is a useful barometer for travel-retail's fortunes. We could even be entering one of the best periods ever of sustainable industry growth
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Barring disaster—a caveat we can never do without in this vulnerable business—2006 will probably turn out to be the best year for travel-retail sales since the turn of the century.
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(16-May-2001) -
(15-Feb-2007) - LVMH Moët Hennessy-Louis Vuitton has built on the previous year’s growth to post record profits in 2006.
(2-Apr-2003) -
(3-Feb-2004) - French luxury conglomerate LVMH Moët Hennessy-Louis Vuitton suffered a 6% fall in sales in 2003, down from Eu12.69bn ($16.06bn) to Eu11.96bn ($15.14bn).
(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.