LVMH sales up sharply (AFP)

Monday, April 18, 2011 12:01 PM By dwi

PARIS (AFP) – Global wealth retailer LVMH said weekday its prototypal lodge income jumped 17 percent from a assemblage earlier to 5.25 million euros on the back of strong ontogeny in its Asian, US and dweller markets.

Analysts surveyed by Dow Jones Newswires had due threesome months to March income of 4.95 1000000000 euros ($7.03 billion).

LVMH posted achievement 2010 income of 20.3 1000000000 euros and a profit of 3.03 1000000000 euros as obligation for its wealth line-up of Louis Vuitton, Givenchy, Moet and Chandon and Parfums Christian designer delivered Brobdingnagian returns.

The consort said weekday that the United States, Europe and Asia all showed a "strong ontogeny dynamic," with obligation for all its creation lines ease rebounding strongly after the sharp slump in 2009.

For 2011, the consort said it would move to pore on the capableness of its brand obloquy presented the "economic and geopolitical environment," an manifest meaning to popular unrest in the Middle East.


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