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LVMH: 19% growth in the first nine months of 2010

October 2010


www.worldwatchweb.com - LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, achieved revenue of €14.2 billion in the first nine months of 2010, an increase of 19% compared to the same period in 2009.

With organic revenue growth of 14%, the third quarter confirmed the trends observed since the start of the year. Momentum continued to be very strong in Asia, Europe and America. Louis Vuitton once again achieved double-digit organic revenue growth.

The Watches & Jewelry business group recorded revenue growth of 29% in the first nine months of 2010. TAG Heuer continued its successful worldwide expansion and benefited from the new models launched for its 150th anniversary celebration. Hublot gained market share due to the excellent performance of its Big Bang and King Power lines. Zenith’s new collections were very favourably received. The jewelry brands Chaumet, Fred and De Beers also enjoyed strong growth.

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Source: LVMH - www.lvmh.com