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Steady growth continues at DFSSteady growth continues at DFS
John Rimmer
25-Jul-2006
Growing Chinese traffic continued to benefit the retailer in the first half of this year, according to parent LVMH's results, announced today
In its first-half results announced today, LVMH Moët Hennessy-Louis Vuitton reported revenue of €6.97bn ($8.82bn), representing organic growth of 12%. The group's Selective Retailing division, including DFS Group and Sephora, posted revenue of €1.8bn ($2.27bn), up by 8% on the previous year.LVMH stated that continued increases in Chinese traffic was behind DFS' steady growth.
Other notable performances within the group included 23% growth in revenue at LVMH's Watches & Jewelry division and an 18% sales increase in Wines & Spirits, hailed as "an excellent performance" by LVMH. The group pledged to focus on its "star brands" in the second half of 2006 and said several new launches would follow, which it said would help achieve "very significant growth" for the full year.
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(1-Aug-2006) - INTERNATIONAL. In its first-half results announced on July 25, LVMH Moët Hennessy-Louis Vuitton reported revenue of €6.97bn ($8.82bn), representing organic growth of 12%
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