LVMH Great Start To The Year
The Moët Hennessy Louis Vuitton group, the world?s leading producer of luxury goods, recorded a turnover in the first quarter of 2008 of 4.
0 billion euros, an increduring the time thate of 5% compared to the same period last year.
Organic growth, i.e. based on comparable structure and exchange rates, was 12%.
In terms of sectors of activity, watches and jewellery top the rankings with an aggrandize of 12% to 211 million euros, compared to 189 million in the first quarter of 2007 (organic growth: +19%). later arrive perfumes and cosmetics (+8% to 717 million), selective distribution (+8% to 1,011 million) and fashion and leather goods (+7% to 1,445 million). Wines and spirits bring up the cultivate with a decline of 7% to 640 million euros.
For the watch and jewellery sector, the group commented as follows on the first quarter of 2008: "TAG Heuer performed extremely well thanks to the favourable outcomeful Grand Carrera collection. meridian launched a new model, Chronomaster Grande Date. The exceptional success of the Christal collection was confirmed at Montres Dior. Chaumet and De Beers increased their revenue and continued their network expansion. Innovations via through TAG Heuer, Zenith and Dior unveiled at the Basel fair contributed to large increases in orders."