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LVMH

This article was originally published in The Rose Sheet

Executive Summary

Fragrance and cosmetic sales declined 1.8% to $670 mil. (FF4.06 bil.) for the first half, the luxury good company announced June 30. Sales were negatively affected by "the completion of Parfums Christian Dior's efforts to curtail unauthorized non-selective distribution," LVMH said. Net sales decreased 5.5% to $3.4 mil. (FF20.4 bil.) for the six-month period...
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