Leather goods drive LVMH 2003 profits
05/03/2004
One of the world’s leading luxury goods group, LVMH, has posted strong profits for the full year 2003, driven by the strength of the Louis Vuitton brand which generated record growth.
The company’s operating income increased 9% to Eur2.2 billion while net sales declined 6% to Eur12 billion.
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