FRANCE: LVMH Falls 20 Per Cent, Strong Fashion Demand
Fiscal-year operating profit at French luxury-goods group LVMH Moet Hennessy Louis Vuitton SA plunged 20 per cent in the aftermath of the terrorist attacks in the US the company said today. It said in a statement that 2001 turnover, which incorporates that of LVMH posted earlier, rose to 12.2 billion euros from 11.6 billion in 2000.
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