The French luxury group Louis Vuitton

The demand for precious bags, expensive watches, jewelry and fine champagne seems to experience a new high - at least at the French company LVMH.
The world's largest luxury group in the first half of 2010 selling more luxury goods than in the prior year period. Consolidated salescheap ugg cardy boots amounted to € 9.1 billion, an increase of 16% compared to 7.81 billion euros in the first half of 2009. Earnings from continuing operations came to 1.36 billion euros in the prior year period to 1.82 billion euros (+33%). The net profit was boosted by € 687 million by 53% to 1.05 billion euros.
Across the board, all segments grew in double digits. The largest increase in sales could range jewelry and watches plus 28% (and 24% of areas) to 443 million euros reach for currency, the profit was even with 49 million euros more than doubles again (+145%). The largest area of fashion & leather goods grew last year despite the strong half again by 18% to 3.52 billion euros. The area grew in Europe, Asia and the United States for periods of one-fifth. The strategy of the LVMH brands Louis Vuitton, Donna Karan and Fendi, exclusively by Store-Network to distribute its own only has paid off. For the segment was known among LVMH following plans: The Louis Vuitton bag manufacturers this year is Lebanon and the Dominican Republic to open up, Fendi bag is more cult brand positioning and Marc Jacobs is to accelerate the global expansion. Otherwise, to the tight management True Religion Marktof costs, in the other segments continue to be implemented as. The segment Perfumes & Cosmetics with brands such as Christian Dior (J'Adore), Guerlain, Parfums Givency Benefit and increased sales by 12% to over € 1.4 billion.
Bernauld Arnauld, LVMH Chairman and CEO said, remembering the good half-year results despite the fact that he would continue to be on the cost of brake: "All the LVMH Group have contributed to this excellent result. Buy TiffanyThe operating margin has improved thanks to a robust revenue growth and to control operating costs. This focus on cost control, we want to maintain despite the dynamics in the markets in the second half of the year. "On the specific prospects for the full year, the Group reiterated not, but stated simply, the further expansion of its market share by launching to push new products and global expansion.