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LVMH Sees Surge in Operating Profits as Vuitton Shines

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By: TOM BRANNA

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LVMH Moet Hennessy Louis Vuitton SA, Paris, pierced the gloom shrouding the luxury goods sector and met 2002 revenue expectations with a 3.8% rise and forecasted a 25% jump in operating profits for the year.The world’s largest luxury goods company is rebounding after a 20% slide in 2001 operating profits to $1.67 billion. The engine of its business, the Louis Vuitton brand, which saw a fourth quarter surge in sales to help LVMH hit $13.64 billion in full-year revenues. That was up 3.8% fro...

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