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Luxury company's perfume and cosmetic unit sales rise 12%.
February 4, 2011
By: TOM BRANNA
Editor
Even though the economy has been in the tank, 2010 was a great year for luxury products purveyor LVMH Moët Hennessy Louis Vuitton. The company overall recorded a 19% increase in revenue for the year. LVMH’sperfumes and cosmetics unit recorded revenue growth of 12% to approximately $4.2 billion. Profit from recurring operations rose 14%. Parfums Christian Dior benefited from the continued popularity of its perfumes such as J’adore, Poison and Eau Sauvage, while maintaining focus on in...
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