Sunday, 20 April 2014

Not out of fashion: LVMH hits €6bn annual profit mark for first time ever

Fashion and leather-goods sales at the group, that owns brands including Louis Vuitton and Fendi, jumped 5 per cent in the final quarter of 2013, up from a 4 per cent rise for the rest of the year.
Sales for the year hit €29.1bn – up 4 per cent on the previous year and profit reached €6.021bn – up 2 per cent on a comparable basis.
Although the results showed improvement in the fourth quarter of 2013, the annual sales growth is still well below a year ago when it reported a 19 per cent rise in sales for 2012. Relaxed tote bags and oversized holdalls juxtapose this season’s must-have box clutch bags. Make a fuss of your arm candy, investing in a bag for every occasion. The Nina structured tote is ideal for that short weekend getaway, while the Florence Woven Hobo Bag was made for exotic distant shores

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