In Brief: LVMH
This article was originally published in The Rose Sheet
LVMH: Income from operations for the perfume and beauty segment jumped 12.7% to $248.4 mil. (FFr 1.25 bil.) in 1995 on sales of $1.84 bil. (FFr 9.28 bil.), up 20.7% from the 1994 figure, the firm said March 21. Paris-based LVMH Moet Hennessey Louis Vuitton pointed to successful new product introductions including Christian Dior's Dolce Vita and Dior Svelte, Guerlain's Un Air de Samsara, Givenchy's Xeryus Rouge and Kenzo's Kashaya scent as growth drivers. Overall, net income excluding unusual items grew 10.3% to $801.8 mil. and was impacted in part by the announced increase in French corporate taxes ("The Rose Sheet" Feb. 5, p. 11). LVMH net sales advanced 6.5% to $5.9 bil. in 1995. Currency exchange is based on the March 20 rate of $1 = FFr 5.0475...
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