News

LVMH profits fall accelerates

15/11/2001

For the third time in recent months Moet-Hennessy Louis Vuitton (LVMH) on November 12 issued a warning on profits. The French luxury goods group said it expected profits to be down 10-15% for the year, partly due to additional effects stemming from the tragic events of September 11. In the month of October turnover fell by 5% compared to the same month in the previous year.

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