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LVMH results

This article was originally published in The Rose Sheet

Executive Summary

Perfume & Cosmetics division sales jump 15.2% to $879.6 mil. ([Euro]1=$.85) in first half 2001, luxury goods manufacturer announces. Division sales led by four French fragrance businesses - Dior, Kenzo, Guerlain and Givenchy - which recorded sales growth of 14%, firm says. U.S. Perfume & Cosmetics sales advance 25% due to performance of start-ups including Bliss and BeneFit, LVMH says. Selective Retailing division sales up 14.7% to $1.42 bil. in first half, largely due to 37% sales increase from Sephora. Comparable store sales in the U.S. rose 10%, LVMH says. Consolidated sales in first half reached $4.78 bil., up 12% from prior-year period
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