LVMH announces record sales for 2000

LVMH, Moët Hennessy Louis Vuitton announced on the 23rd of January 2001 that consolidated turnover for 2000 increased 35 percent to reach a record level of 11.6 billion Euros, an increase of 3 billion Euros compared to 1999. Strong growth was achieved in all the Group's areas of activity and geographic zones.

Turnover in the Watch & Jewelry business group outperformed the target of 600 million Euros, thanks to the success of new products including Alter Ego by TAG Heuer, Mihewi by Chaumet as well as best sellers such as Beluga by Ebel and Chronomaster by Zenith. Key events in the year 2000 were the acquisition of Omas, one of the most stylish luxury pen brands in the world, the establishment of the Watch & Jewelry division and the creation of synergies, particularly in distribution.

Luxury brands producing watches and owned by LVMH are Christian Dior, Fred, TAG Heuer, Ebel, Chaumet, Fendi (jointly owned with Prada), Zenith, Donna Karan.

From LVMH's press release